Odisha received investment intents worth nearly ₹1 lakh crore during a two-day investors’ summit held in Kolkata on Friday and Saturday, government officials said.
A total of 27 memoranda of understanding (MoUs) were signed with an investment potential of ₹81,864 crore, which is expected to generate over 63,161 jobs. In addition, 19 investment proposals worth ₹18,453 crore were received, carrying the potential to create more than 27,591 employment opportunities.
Addressing the Odisha Investors’ Meet Roadshow at a hotel in Kolkata, Chief Minister Mohan Charan Majhi said eastern India is decisively moving from “potential to performance,” and Odisha is ready to co-anchor the next phase of industrial growth in the region under the vision of Purvodaya. He emphasised that growth in eastern India would be collaborative rather than competitive, with states complementing each other’s strengths to build a robust eastern industrial corridor.
The chief minister said Odisha is financially strong and economically secure, and is rapidly transitioning from a resource-based economy to a value-addition and advanced manufacturing hub driven by speed, scale and sustainability. Highlighting the state’s strategic coastline, he pointed to the ports of Paradip, Dhamra and Gopalpur as key enablers of port-led industrialisation catering to eastern and central India.
The roadshow featured around 130 high-level one-on-one meetings and four sectoral roundtables. The hosiery, apparel accessories and technical textiles roundtable saw participation from representatives of 18 companies, while 22 companies took part in the metal ancillary, downstream and engineering goods roundtable.
While the government did not disclose the names of companies that signed MoUs or expressed investment interest, officials said the highest investment proposals were received in the steel sector (₹28,000 crore) and renewable energy (₹27,000 crore). MoUs were also signed in defence manufacturing with an investment potential of ₹1,000 crore and in rare earth mineral processing worth ₹2,400 crore.
Emphasising that MoU signings are only the first step, Majhi said the true measure of success lies in execution on the ground. He outlined his roadmap for Samruddha Odisha by 2036 and invited industries, particularly from West Bengal, Jharkhand and the northeastern states, to expand and grow with Odisha.
