Rengali, Sambalpur,: Bhubaneswar, 24th April 2026 : Chief Minister Mohan Charan Majhi graced the Joint Venture and initiation of partnership between JSW Steel Limited and JFE Steel Corporation, Japan, a pivotal step in Odisha’s move from an iron-ore producer to a high-value steel manufacturing hub.
This is Odisha’s first single largest Japanese Investment at ₹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.“I reaffirm Odisha’s long-term industrial vision: We are committed to producing 100 MTPA of steel by 2030. It is a strategic commitment backed by resources, policy, infrastructure, and meticulous execution,” said the Chief Minister. The Chief Minister also announced that, “In the upcoming days, Rourkela, Jharsuguda, Bargarh, and Deogarh will form the Sambalpur growth corridor, similar to the state capital growth region. Investments worth ₹1 lakh crore shall be brought in by Industries, generating a potential of more than 2 lakh jobs through this initiative.”
The JSW–JFE partnership will strengthen Odisha’s capabilities in high-grade and specialty steel through advanced Japanese technology and operational expertise. The total JSW-JFE venture would involve an estimated investment of more than ₹30,000 crore. Today the JSW-JFE Joint Venture was initiated in Sambalpur in the presence of Hon’ble Chief Minister of Odisha Shri Mohan Charan Majhi, Hon’ble Union Education Minister Shri Dharmendra Pradhan, Hon’ble Minister of Revenue and Disaster Management of Odisha Shri Suresh Pujari, Hon’ble Minister of Panchayati Raj and Drinking Water of Odisha Shri Rabi Narayan Nayak, Hon’ble MLA Jharsuguda Shri Tankadhar Tripathy, Hon’ble MLA Sambalpur Shri Jayanarayan Mishra and other dignitaries.
The ceremony was also attended by His Excellency Keiichi Ono, Ambassador of Japan to India, and Mr. Yoshihisa Ishikawa, Consul General of Japan in Kolkata. Mr. Sajjan Jindal, Chairman, JSW Group, Mr. Parth Jindal, Managing Director – JSW Cement & JSW Paints, and Yoshihisa Kitano, President, CEO, JFE Holdings were present. Chief Secretary of Odisha Ms. Anu Garg, IAS, ACS, Home, Industries and I&PR Shri Hemant Sharma, IAS, senior officials of the Odisha Government, and representatives of both JSW and JFE were also present.