High-Level Clearance Authority (HLCA) approves 20 projects worth ₹76,611.86 crore

Key facts

• The High-Level Clearance Authority (HLCA) approved 20 major industrial projects with a cumulative investment of ₹76,611.86 crore.
• These projects are expected to generate 50,517 employment opportunities across nine districts of Odisha.
• The approvals were granted during the 45th meeting of the HLCA held in Bhubaneswar under the chairmanship of Chief Minister Mohan Charan Majhi.
• The approved projects span sectors including gemstone manufacturing, green energy equipment, aerospace and defence, rare earth minerals-based value-added products, pharmaceuticals, mechanical and electrical capital goods, chemicals, steel, iron and ferro alloys, and power and renewable energy.
• Key gemstone and green energy projects include lab-grown diamond manufacturing in Khordha (₹9,817.50 crore), an ingot, wafer, and solar photovoltaic (PV) cell manufacturing unit in Ganjam (₹10,000 crore), and a solar PV cell manufacturing facility in Ganjam (₹1,709.81 crore).
• Rare earth mineral projects include an electric vehicle (EV)-grade neodymium-iron-boron (NdFeB) magnet unit in Khordha/Cuttack (₹1,250 crore), a sintered NdFeB permanent magnet facility in Ganjam (₹2,400 crore), and a titanium dioxide slag and pigment manufacturing unit in Ganjam (₹2,800 crore).