Odisha Government Signs 145 MoUs Worth Rs 12.89 Lakh Crore at Business Summit

The Odisha government has secured 145 Memorandums of Understanding (MoUs) with various companies, aiming for an investment of Rs 12.89 lakh crore. This initiative is expected to create jobs for 8.94 lakh individuals. Chief Minister Mohan Charan Majhi shared this information as the two-day business summit, Utkarsh Odisha, Make in Odisha Conclave, 2025, concluded on Wednesday.

Representative image

Majhi highlighted that these MoUs cover sectors such as chemicals, petrochemicals, textiles, mining and metallurgy, renewable energy, IT, tourism, and food processing. "A total of 145 Memorandums of Understanding MoUs were signed in this summit. Through these MoUs, agreements have been made for investments worth Rs 12.89 lakh crore," Majhi told reporters. The implementation of these agreements is anticipated to significantly boost employment in the state.

Investment Intents and Global Participation

In addition to the MoUs, the state received 448 Investment Intents valued at Rs 3.84 lakh crore. These proposals could generate an additional 3.92 lakh jobs. Majhi noted that representatives from 16 countries participated in the conclave, including delegates from partner nations like Singapore, Malaysia, and Australia.

Majhi expressed gratitude towards Prime Minister Narendra Modi for inaugurating the summit on Tuesday. The Prime Minister's encouragement was pivotal in attracting investors to Odisha. The event also saw attendance from prominent Indian business leaders such as Anil Agarwal, Kumar Mangalam Birla, Sajjan Jindal, Naveen Jindal, and Karan Adani.

Socio-Economic Impact and Future Prospects

Majhi stated that these investments would transform Odisha's socio-economic landscape and promote inclusive growth within the state. "This will bring about a major change in the socio-economic condition of the state and lead to an inclusive growth of Odisha," he said. The chief minister emphasised Odisha's growing appeal on the global investment map.

The conclave underscored Odisha's potential as a prime investment destination. With substantial commitments across diverse sectors, the state aims to enhance its economic standing while providing ample employment opportunities for its residents.