A comparative study of two States: Karnataka and Odisha

get the Heavy Industry held in Karnataka and Odisha as on 2024-25

The heavy industry holdings in Karnataka as of 2024-25 include major investments in manufacturing, engineering, and advanced technology sectors. Key heavy industry projects involve companies like Lam Research for semiconductor equipment manufacturing and R&D (INR 10,000 Cr), Volvo for manufacturing EV trucks (INR 1,400 Cr), Samvardhana Motherson for manufacturing and engineering facilities (INR 3,700 Cr), Safran for avionics manufacturing (INR 225 Cr), Honda for EV 2-wheeler manufacturing (INR 600 Cr), and other significant investments in solar photovoltaic manufacturing, battery production, and electrical product manufacturing. Karnataka is also focused on clean mobility clusters and infrastructure development to strengthen its EV leadership, with strong incentives for investments in the sector [1].

In Odisha, the heavy industry includes a mix of steel, iron, aluminium, cement, and power projects with very large-scale investments. Highlights include the expansion of Jindal Steel and Power Limited’s integrated steel plant in Angul with investments of approximately Rs 76,018 crore, a JSW Steel integrated steel plant project worth Rs 35,000 crore at Keonjhar, along with several other substantial steel and metal downstream sector projects. Odisha government has approved heavy industry projects amounting to Rs 1,65,303 crore recently, covering steel, aluminium, power generation, and green hydrogen sectors. The government also supported projects like pellet plants, sponge iron beneficiation, and infrastructure with employment opportunities for tens of thousands [2][4].

To summarize:

| State | Notable Heavy Industry Holdings & Investments (2024-25) | Approximate Investment Scale |
|-----------|--------------------------------------------------------------------------------------|-------------------------------------|
| Karnataka | Semiconductor, EV trucks, avionics, solar photovoltaic, battery, electrical products | INR 10,000 Cr+ range for top projects |
| Odisha | Steel plants (Jindal, JSW), aluminium, cement, pellet plants, power generation | Rs 1,65,303 crore total in major projects |

This demonstrates Karnataka's focus on advanced manufacturing and clean energy-related heavy industries, while Odisha centers on steel and metal industries with massive integrated steel plant expansions as key pillars [1][2][4].

Citations:
[1] Invest Karnataka 2025 Wraps Up with ₹10.27 Lakh Cr https://investkarnataka.co.in/wp-content/uploads/2025/03/Invest-Karnataka-2025-Wraps-Up-with-%E2%82%B910.27-Lakh-Cr.pdf
[2] Odisha approves investment projects worth Rs 464.72 crore https://investodisha.gov.in/news/
[3] Year End Review 2024: Ministry of Heavy Industries https://www.pib.gov.in/PressReleasePage.aspx?PRID=2085938
[4] Odisha govt approves Rs 1,65303 crore investments for ... https://timesofindia.indiatimes.com/city/bhubaneswar/odisha-govt-approves-rs-165303-crore-investments-for-industrial-projects-across-seven-districts/articleshow/119631973.cms
[5] Orders Technical Cell Large and Mega Industry https://industry.karnataka.gov.in/42/technical-cell-large-&-mega-industry/en
[6] Odisha chief minister lays foundation stone for 27 projects ... https://timesofindia.indiatimes.com/city/bhubaneswar/odisha-chief-minister-lays-foundation-stone-for-27-projects-worth-rs-25380-crore-to-generate-over-51000-jobs/articleshow/123907875.cms
[7] KARNATAKA INDUSTRIAL POLICY 2025-30 https://consbangalore.esteri.it/wp-content/uploads/2025/03/Karnatakas-New-Industrial-Policy-2025-30_compressed.pdf
[8] Odisha Economic Survey 2023-24 - Finance Department https://finance.odisha.gov.in/sites/default/files/2024-07/02-OES%202023-24%20Highlights%20and%20Executive%20Summary%20(English).pdf
[9] Industrial Development & Economic Growth in Karnataka https://www.ibef.org/industry/karnataka-presentation
[10] Annual Report 2024-25 https://www.dpiit.gov.in/static/uploads/2025/06/3d9c9c2daeefb97bb9ce964370938b71.pdf