Kira Diam LLP, Anjali Labtech Limited, and Grow Magnificent Private Limited will establish lab-grown diamond manufacturing units in Khordha with a combined investment of Rs 9,817.50 crore, generating 8,100 employment opportunities.
This development is a massive piece of macro news for the B2B pipeline. For decades, India’s diamond dominance has been a western-coast story centered tightly around the Surat-Mumbai corridor in Gujarat and Maharashtra.
The Odisha government’s High-Level Clearance Authority (HLCA), led by Chief Minister Mohan Charan Majhi, officially greenlit a massive industrial package that establishes Odisha as India’s next major hub for gemstone manufacturing.
Here is the deep-dive breakdown, exact numbers, and B2B implications you can use to build out this section of your report.
The Hard Numbers: Odisha’s LGD Expansion
Instead of a slow, organic growth model, the state is forcing its way into the market via multi-billion-dollar capital injections. The HLCA approved three massive, concurrent lab-grown diamond manufacturing facilities to be built in the Khordha district (the industrial zone surrounding the capital, Bhubaneswar).
| Component | Industry Impact Metric |
| Total LGD Capital Investment | ₹9,817.50 Crore (~$1.17 Billion USD) |
| Projected Employment | 8,100+ specialized jobs |
| Geographic Hub | Khordha District, Odisha |
| Primary Production Tech | Heavy focus on scaled CVD (Chemical Vapor Deposition) reactors |
The Three Major Corporate Drivers:
Kira Diam LLP: The undisputed heavyweight of this announcement, pouring ₹7,000 crore (~$840 million USD) into a singular mega-facility that will account for 5,100 of the sector’s new jobs.
Anjali Labtech Limited: Investing ₹1,617.50 crore to build out mid-tier technical infrastructure.
Grow Magnificent Private Limited: Contributing ₹1,200 crore to round out the new diamond park footprint.
Why This Matters to B2B Buyers & Suppliers
1. The Power-Cost and Real Estate Arbitrage
Surat is facing soaring real estate costs and massive competition for industrial power. Odisha is actively positioning itself as an alternative by offering cheaper land and aggressive green energy infrastructure. In the exact same state-level meeting, Odisha cleared over ₹11,700 crore in solar manufacturing projects (including a ₹10,000 crore solar ingot/cell facility by Tata Power).
The B2B Takeaway: Growers in Odisha are explicitly aligning diamond production with upcoming localized green energy grids. This will allow them to produce massive volume with a certified, low-carbon footprint—giving them a major marketing edge over Surat’s fossil-fuel-reliant grids.
2. Supply-Chain De-risking and “Surat Bottleneck” Diversification
Right now, if a local strike, regional power grid issue, or regulatory change hits Gujarat, the entire global LGD supply chain chokes.
Establishing a mega-hub on India’s eastern coast provides global wholesale buyers with geographic diversification.
Khordha is strategically situated near major ports on the Bay of Bengal, paving the way for streamlined, direct export routes to Southeast Asia and the US, bypassing Mumbai entirely.
3. A Calculated Shift to Advanced Manufacturing
Odisha isn’t just building polishing sheds; they are setting up a highly technical ecosystem. The state simultaneously approved massive plants for EV-grade rare-earth permanent magnets (via L&T and NAN Magnetech) right next to the diamond parks.
Why this matters: The semiconductor, EV magnet, and CVD diamond industries share heavy overlaps in technical labor, microwave plasma engineering, and high-purity gas supply chains. Odisha is building a tech cluster that will naturally drive down the cost of running and maintaining CVD reactors.
