Odisha Government Secures Rs 1 Lakh Crore Investment During Kolkata Investors Meet

The Odisha government announced it secured investments worth Rs one lakh crore during its investors meet and roadshow in Kolkata. The event, attended by Chief Minister Mohan Charan Majhi and other officials, resulted in 27 Memorandum of Understanding (MoUs) and 19 investment intents from various industries. These agreements aim to establish new plants in the state, according to an official statement.

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Chief Minister Majhi emphasised that while signing MoUs is crucial, real success depends on their implementation. He invited industry leaders to collaborate with Odisha, highlighting that growth in East India should be collaborative rather than competitive. Majhi noted that states can complement each other's strengths to develop a robust eastern industrial corridor.

Investment Opportunities and Strategic Sectors

The MoUs signed are expected to bring in Rs 81,864 crore, creating over 63,161 jobs. Additionally, the 19 investment intents are valued at Rs 18,453 crore and could generate more than 27,591 employment opportunities. If realised, these projects will provide jobs for approximately 80,000 people.

Majhi pointed out Odisha's strategic coastline and ports at Paradip, Dhamra, and Gopalpur as key facilitators of port-led industrialisation for eastern and central India. He also highlighted opportunities in renewable energy equipment, textiles, pharmaceuticals, electronics, IT, data centres, and advanced manufacturing.

Sectoral Engagements and Industry Participation

During the meet, the chief minister and senior officials engaged in 130 high-level interactions and four sectoral roundtables. The hosiery, apparel, accessories, and technical textile roundtable included representatives from 18 leading companies. The metal ancillary and engineering goods roundtable saw participation from 22 companies.

The plastic, chemical, packaging, and recycling roundtable attracted 24 companies. Similarly, the pharmaceuticals, medical devices, and biotech roundtable brought together representatives from another 24 companies. This reflects significant industry engagement in strategic sectors.

Future Plans and Infrastructure Readiness

The Odisha Investors Meet Roadshow in Kolkata attracted over 500 industry leaders and stakeholders. It provided a comprehensive view of Odisha's industrial ecosystem and infrastructure readiness. Majhi urged industries from West Bengal, Jharkhand, and the North-East to expand and diversify with Odisha.

Following the success of the Kolkata event, Odisha plans to host Enterprise Odisha on January 27-28 in Rourkela. This event will showcase the state's industrial capabilities, MSME strengths, startup ecosystem, and investment-ready infrastructure.

The chief minister reiterated Odisha's commitment to creating tourism-ready investment clusters and strengthening ancillary ecosystems. The state aims to attract investors proactively and ensure timely conversion of MoUs into ground projects.

With inputs from PTI