Chief Minister Mohan Charan Majhi of Odisha announced the state’s commitment to producing 100 million tonnes of steel per year by 2030. This initiative is supported by the joint venture between JSW Steel Limited and JFE Steel Corporation, Japan, marking a shift towards high-value steel manufacturing.
The partnership, valued at Rs 15,000 Crore, will enhance JSW Steel’s capacity by an additional 10 MTPA, positioning Odisha significantly in the Global Steel Market. Currently producing 40 million tonnes of steel annually, Odisha aims to meet the increasing demand, both domestically and for exports.
Majhi highlighted the strategic importance of this commitment, emphasizing the state’s progress towards 100 million tonnes per annum. He outlined the development of the Sambalpur growth economic corridor, comprising Rourkela, Jharsuguda, Bargarh, and Deogarh, which is expected to attract substantial investments and create over 2 lakh jobs.
The Chief Minister underlined the significance of the JSW-JFE partnership in advancing Odisha’s capabilities in high-grade and specialty steel production. With an estimated investment exceeding Rs 30,000 crore, this venture will leverage Japanese technology to drive skilled employment and foster advanced downstream manufacturing in the state.
