Odisha Government Targets Rs 5 Lakh Crore Investment Over Next Five Years, Says Chief Minister

The Odisha government aims to secure investments worth Rs 5 lakh crore over the next five years, as announced by Chief Minister Mohan Charan Majhi. Majhi is currently in New Delhi for a two-day visit, where he will participate in a roadshow and engage with ambassadors from various countries and leaders of domestic industries.

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Majhi's visit includes attending the Utkarsh Odisha – Make in Odisha 2025 roadshow in the national capital. This event is crucial for generating interest ahead of the Make in Odisha Conclave next year, which will gather business leaders and investors in Bhubaneswar. "Today I am embarking on a tour to Delhi on a mission to bring rapid industrial growth to Odisha. This Utkash Odisha conclave 2025 and 2026 will take the state to the excellence of industrial development. I will have one-to-one discussions with industry leaders and invite them to attend the upcoming business summit in January 2025," Majhi stated before leaving for Delhi.

Investment Focus Areas

The chief minister highlighted that the state's focus is on attracting investments in sectors like food processing, IT, chemicals, petrochemicals, and other related fields. Within the first 100 days of his administration, Odisha has already secured Rs 45,000 crore in investments. "Therefore, with blessings of Lord Jagannath, we will meet the target of attracting Rs 5 lakh crore in a span of five years," Majhi expressed confidently.

The Utkarsh Odisha – Make in Odisha 2025 event is scheduled for January 28 and 29 next year in Bhubaneswar. The curtain raiser event in New Delhi will see participation from representatives of 34 countries, including Indonesia, Norway, Singapore, China, Japan, Brazil, Argentina, the USA, Thailand, Vietnam, and the UK.

Global Participation

Nine foreign associations are also expected to join the roadshow, highlighting Odisha's expanding global footprint. An official mentioned that this showcases Odisha’s growing global presence. Industry Minister Sampad Swain, accompanying Majhi to New Delhi, remarked that the event underscores Odisha’s strategy to attract international investment and foster industrial growth.

The event will conclude with an interactive session where the chief minister will outline Odisha’s plans for infrastructure development and collaboration with global companies. This initiative positions Odisha as a significant hub for business and innovation.