Bhubaneswar: Since 2016, when Odisha launched the Make in Odisha flagship biennial investors’ summit, the state has approved investment proposals worth Rs 24.28 lakh crore across 1,073 major industrial projects.Of these, 914 projects approved by State Level Single Window Authority with a total envisaged investment of Rs 21.79 lakh crore are in various stages of implementation, while 41 proponents have been withdrawn or dropped their plans.Information shared by industry minister Sampad Chandra Swain in the state assembly on Friday shows that 118 projects have either fully or partially started production or commenced operations. These operational units account for an estimated investment of Rs 1.88 lakh crore and have generated 93,276 jobs.Among the projects that have gone onstream, the largest is Vedanta Aluminium’s Rs 6,483-crore unit in Kalahandi. Several other big-ticket plants, including Utkal Alumina, Tata Consumer Products, ITC, Shahi Exports, and major cement and steel units, have also begun operations in varying capacities.The largest share of investment is clearly concentrated in the steel, green hydrogen/ammonia, aluminium, and petro-chemicals sectors, each hosting multiple mega projects. A significant portion of the approved proposals remains in the pipeline.The 914 ongoing projects include mega investments in steel, aluminium, petrochemicals, green hydrogen, apparel, cement and IT/ESDM sectors. Notable under-implementation projects include JSW Utkal Steel’s Rs 75,000-crore integrated steel facility, Indian Oil Corporation’s large petrochemicals expansion, Adani Group’s alumina and green energy units, and multiple high-value projects by Rungta, Jindal and ArcelorMittal.Other ongoing projects include ACME Akshay Energy Pvt Ltd’s green hydrogen and ammonia complex in Kendrapada, involving an investment of Rs 72,422 and Adani Group’s alumina refinery and associated facilities under Kalinga Alumina Ltd in Rayagada, with a proposed investment of Rs 41,653 crore.Among the approved projects, the largest proposal is Vedanta Ltd’s Rs 1,28,000-crore aluminium complex in Dhenkanal, followed by Indian Oil Corporation’s Rs 1,00,300-crore petrochemicals and derivatives complex in Jagatsinghpur, set to be one of the country’s biggest downstream oil and chemicals investments.Odisha is seeing a steady rise in hotel and resort investments across Puri, Khurda, Ganjam, Kandhamal and Jagatsinghpur, with new properties by Mayfair Hotels, Wonderla, ITC, Sonar Bangla, SNM Hotels and several eco-resort developers.Most projects range between Rs 50 crore and Rs 250 crore, reflecting growing demand in coastal, temple, business and nature tourism segments and expanding the state’s overall hospitality capacity. Odisha has held the biennial summits four times: After the first edition in 2018, it was held in 2018, 2022 and 2025 (rechristened Utkarsh Odisha).
