Odisha Government Secures ₹1 Lakh Crore Investment at Kolkata Investors Meet
Major Investment Milestone Achieved
Bhubaneswar: The Odisha government announced on Saturday that it has successfully attracted investments totaling ₹1 lakh crore during its recent investors meet and roadshow held in Kolkata.
The two-day event, which saw participation from Chief Minister Mohan Charan Majhi, Industries Minister Sampad Chandra Swain, and Chief Secretary Anu Garg, resulted in the signing of 27 Memorandums of Understanding (MoUs) and the receipt of 19 investment proposals from various industries looking to establish operations in the state.
The signed MoUs are expected to bring in ₹81,864 crore, creating over 63,161 jobs, while the investment intents, valued at ₹18,453 crore, could generate an additional 27,591 employment opportunities. If all projects are realized, they could collectively provide jobs for around 80,000 individuals.
The Chief Minister highlighted that while MoUs are significant, the real success will depend on effective implementation.
During his address at the Odisha Investors’ Meet and Roadshow, Majhi encouraged industry leaders to collaborate with Odisha, emphasizing that growth in Eastern India should be a cooperative effort, enhancing each state's strengths to develop a robust industrial corridor.
Majhi asserted that Odisha is not only financially stable but also evolving from a resource-based economy to a hub for value addition and advanced manufacturing, focusing on speed, scale, and sustainability.
He pointed out the strategic advantages of Odisha's coastline and ports at Paradip, Dhamra, and Gopalpur, which are crucial for port-led industrialization benefiting Eastern and Central India.
Throughout the meet, the Chief Minister and senior officials engaged in 130 high-level discussions and conducted four sector-specific roundtables. The roundtable focused on hosiery, apparel, accessories, and technical textiles included representatives from 18 leading firms.
The discussions on metal ancillary, downstream, and engineering goods featured 22 companies, while the roundtable for plastics, chemicals, packaging, and recycling attracted 24 participants. Additionally, the pharmaceuticals, medical devices, and biotech roundtable brought together 24 companies, showcasing significant industry involvement in key sectors.
The Odisha Investors’ Meet Roadshow in Kolkata attracted over 500 industry leaders, business associations, and institutional stakeholders, providing a comprehensive overview of Odisha's industrial landscape, infrastructure readiness, and growth-oriented policies.
Majhi appealed to industries from West Bengal, Jharkhand, and the North-East to expand and diversify their operations in Odisha, highlighting opportunities in renewable energy, textiles, pharmaceuticals, electronics, IT, data centers, and advanced manufacturing.
The Chief Minister reiterated the state's commitment to fostering tourism-ready investment clusters and enhancing ancillary and innovation ecosystems. He assured that the government would actively work to attract investors and ensure the timely realization of MoUs and investment intentions into tangible projects.
Following the success of the Kolkata event, the state is gearing up for the Enterprise Odisha event, scheduled for January 27 and 28 in Rourkela, which will showcase Odisha's industrial capabilities, strengths in MSMEs, startup ecosystem, and investment-ready infrastructure.