Odisha Attracts ₹48,330 Crore Investment Commitments During Gujarat Outreach
Odisha receives investment commitments worth ₹48,330 crore in Gujarat
Business Standard
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Odisha secured investment commitments totaling ₹48,330 crore during a three-day outreach in Gujarat, led by Chief Minister Mohan Charan Majhi. This initiative resulted in 71 investment intents, expected to create over 67,800 jobs and bolster the state's industrialization efforts towards its Vision 2036 and Viksit Bharat 2047 goals.
- 01Odisha received ₹48,330 crore in investment commitments during a Gujarat outreach.
- 02The initiative resulted in 71 investment intents, including 8 formal MOUs.
- 03Expected to create over 67,800 jobs across various sectors.
- 04Key sectors attracting investments include chemicals, pharmaceuticals, and green energy.
- 05Odisha aims to become a manufacturing and export hub for eastern India.
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Odisha has successfully attracted investment commitments worth ₹48,330 crore during a three-day outreach program in Gujarat, which concluded recently. The delegation, led by Chief Minister Mohan Charan Majhi, participated in two major roadshows in Ahmedabad and Vadodara, resulting in 71 investment intents, including 8 formal memorandums of understanding. This marks the second-highest investment intent for Odisha this year, following a significant commitment of around ₹1 trillion received during the Kolkata investors’ summit in January.
The investments are projected to generate employment for over 67,800 individuals across various sectors, significantly contributing to the state's industrialization plans aligned with its Vision 2036 and Viksit Bharat 2047 goals. Majhi highlighted the broad participation from industrial houses and investors, showcasing confidence in Odisha's policy framework and infrastructure readiness. The proposals cover diverse sectors, including chemicals, pharmaceuticals, green energy, IT services, and advanced engineering.
During the outreach, Odisha was positioned as a strategic hub for industries looking to access eastern and international markets, with a focus on its deep-water ports and connectivity to East Asia and Southeast Asia. The state aims to play a pivotal role in India's industrial growth, emphasizing a partnership built on trust and execution with potential investors.
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The investment commitments are expected to significantly boost employment opportunities in Odisha, enhancing the local economy and supporting the state's industrial growth.
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