Dikhyaa Mohanty 
Driven by its resources, regulatory framework, infrastructure, and execution, Odisha is dedicated to producing 100 million tonnes per annum (MTPA) of steel by 2030, according to Chief Minister Mohan Charan Majhi. He was giving a speech at a special event in the Sambalpur district that marked the beginning of a cooperation and joint venture between JSW Steel Limited and JFE Steel Corporation, Japan. According to the Chief Minister, the collaboration between JSW Steel and JFE Steel Corporation represents a crucial stage in Odisha’s development from a producer of iron ore to a center for high-value steel production.
According to a statement issued by the Chief Minister’s Office (CMO), this is Odisha’s first single largest Japanese Investment at Rs 15,000 Crore. This Investment will further expand the existing capacity of JSW Steel by an additional 10 MTPA, marking a substantial presence of Odisha in the Global Steel Market. He also noted that the state currently produces about 40 million tonnes of steel annually and is progressing toward 100 million tonnes per annum to meet rising domestic and export demand driven by infrastructure growth and downstream industries. This Investment will enhance the state production capacity.
The Chief Minister also said Rourkela, Jharsuguda, Bargarh and Deogarh will form the Sambalpur growth economic corridor, attract Rs 1 lakh crore investment and generate over 2 lakh jobs.
