India's Odisha state approves corporate investments worth $475 million

BENGALURU, July 21 (Reuters) - India's Odisha state on Tuesday approved 23 industrial projects worth 45.74 billion rupees ($475.29 million) in investment by companies across sectors including information technology, textiles, pharmaceuticals and chemicals.

The projects will be established across 11 districts by companies, including HCLTech and Tata Steel, it added.

Here are some key details: 

• HCLTech will invest 7.30 billion rupees for a global development centre offering IT services, which is expected to generate 6,000 jobs.

• Tata Steel will invest 1.65 billion rupees in a railway siding for a dedicated rail freight facility, with the project expected to create 250 jobs.

• ACME Cleantech Solutions will establish a 7.78-billion-rupee alkaline electrolyser manufacturing unit with a production capacity of up to 3 gigawatts (GW) per annum.

• The 23 projects are expected to create 22,873 jobs, the state government added.

($1 = 96.2350 Indian rupees)

(Reporting by Nishit Navin; Editing by Leroy Leo)