Odisha Chief Minister Mohan Charan Majhi announced that the state aims to more than triple its steel production capacity from 41 MT to 130 MT by 2030. He was speaking at the Steel India 2025 event in Mumbai, jointly organised by the Ministry of Steel and FICCI.

To attract fresh investment, Odisha plans to auction 22 mines. The Chief Minister also emphasised that the state intends to become one of India’s top five industrial hubs by promoting downstream steel processing industries.

Majhi highlighted Odisha’s emergence as an economic power among India's leading states, aiming to contribute around 50 per cent of the country's total steel output by 2030. During the "Utkasrh Odisha" conclave held earlier in January, the state received investment proposals worth Rs 17 trillion, a significant share of which was directed towards the steel sector.

The Chief Minister also outlined Odisha’s new industrial policy, claiming it offers clearer and simpler financial incentives than those provided by other states. This strategic focus aims to strengthen Odisha’s industrial base and secure its leadership in the country’s steel industry.

Source: The Hindu