The state of Odisha has made a significant leap in its industrial outreach, securing investment commitments worth approximately Rs 67,000 crore with the potential to generate around 56,000 jobs. This milestone was achieved during the two-day Odisha Investors' Meet held in Hyderabad, marking a major success for the new government.
Strategic Engagements and Major MoUs Signed
Chief Minister Mohan Charan Majhi led the charge, holding strategic discussions with top industry leaders from diverse sectors including pharmaceuticals, life sciences, metals, energy, automotive, and precision manufacturing. The event, which concluded on Friday, saw the formal signing of 13 Memoranda of Understanding (MoUs). These agreements alone account for Rs 27,650 crore in potential investment and are expected to create 15,905 employment opportunities.
Beyond the signed MoUs, the state received additional investment intents valued at Rs 39,131 crore, which promise to open up over 40,000 more jobs. The meet served as a direct platform to engage with marquee investors, showcase Odisha's rapidly expanding industrial ecosystem, and fast-track decisions in priority sectors.
Odisha Positions Itself as India's Future-Ready Growth Engine
Addressing the gathering of more than 500 delegates, which included senior leadership from top companies and industry bodies, CM Majhi made a powerful declaration. "Odisha is ready to be the growth engine of India," he stated. He emphasized that the state is positioning itself as a premier investment destination through policy stability, competitive costs, and a facilitative governance framework.
Aligning with the national Purvodaya vision for eastern India's development, Majhi highlighted Odisha's emerging role as a key investment hub. He drew attention to the state's strategic advantages, which include a long coastline, port-led development, growing industrial corridors, and robust multimodal connectivity. These features, he argued, position Odisha as a natural gateway to both domestic and international markets.
Industry Confidence and Sector-Wide Interest
"What businesses find crowded, expensive and competitive elsewhere, they will find accessible, scalable and facilitative in Odisha. Our role is clear: enable growth, ensure timely approvals and provide policy stability so investors can focus on building and expanding," the Chief Minister assured potential investors.
The event witnessed strong interest across a wide spectrum of industries, reflecting the state's diversified appeal. Key sectors that attracted attention were:
- Pharmaceuticals and Medical Devices
- Renewable Energy Equipment
- Textiles and Technical Textiles
- Electronics, IT, and Data Centres
- Advanced Manufacturing
Industries Minister Sampad Chandra Swain noted that the robust response from the business community in Hyderabad is a direct reflection of the confidence in Odisha's policy framework and governance model. "The state is committed to effective implementation, continuous engagement and seamless facilitation for investors," Swain affirmed.
This successful investors' meet underscores a significant shift in Odisha's economic narrative, showcasing its readiness to attract large-scale, job-creating investments and solidify its position on the national industrial map.
