The Odisha Government has approved a package of investment proposals worth ₹76,612 crore, which includes significant investments in green energy, power infrastructure, industrial development and social sector development, officials said on Monday.

The approvals were granted at a meeting of the State Investment Promotion and Facilitation Board (IPFB) where the project applications of various sectors such as renewable energy, electricity, ports, cement, chemicals, logistics, and manufacturing were considered. The approvals reflect Odisha's efforts to attract investment, create jobs and build resilient infrastructure, officials said.

Some of the investments that have been approved will go into green energy and power projects, something that is part of the current trend in Odisha. This includes investments in solar and wind energy projects, as well as grid strengthening projects.

The approvals will help meet national climate targets and further national energy security goals by increasing the uptake of clean energy and decreasing the need for fossil fuels and grid instability, officials said. Renewable energy developers welcomed the approvals, saying they are expected to accelerate project implementation and encourage greater private-sector participation.

The other projects that have been approved by the Board were in infrastructure, manufacturing, and logistics, sectors that are likely to enhance economic growth and connectivity. It is expected that the investments will go a long way in making Odisha a competitive industrial destination.

This is a combination of not only new ventures but also expansion of existing ventures, thus highlighting the faith and trust that the investors have on the policy regime and growth prospects in the state. Government officials stated that facilitation of investors, infrastructure policy and clearance are key components of Odisha's investment policy regime.

The approvals are projected to create significant jobs, increase local supply chains and help improve social outcomes in health, education and livelihoods, state leaders said.

The emphasis on both green energy and traditional industries reflects Odisha's efforts to combine industrial growth with sustainable development.