Odisha Chief Minister Mohan Charan Majhi declared the two-day investor summit held in Hyderabad a resounding success, positioning the state as a prime investment hub in India.
Speaking at a press conference at Lok Seva Bhawan on Monday, Majhi highlighted fruitful discussions with investors that are set to bring substantial economic growth and employment opportunities to Odisha.
The summit featured two roundtable meetings focused on pharmaceuticals and defence sectors, along with eight dedicated sessions in pharma and 27 in defense. One-on-one interactions were held with 38 prominent investors, leading to 73 meetings overall. Additionally, discussions involved over 500 industrialists, resulting in 13 Memorandums of Understanding (MoUs) signed for investments totaling Rs 27,650 crore. These deals are projected to create 15,905 jobs.
Majhi revealed that from the Utkarsh Odisha initiative onward, industrial projects worth Rs 4,38,224 crore have been approved this year, expected to generate 2,55,817 employment opportunities. Of these, groundwork or groundbreaking has already been completed for projects valued at Rs 2,10,000 crore, creating 1,63,725 jobs so far. The government aims to initiate groundbreaking for the remaining projects within the next three months.
Key highlights include the approval for a cement factory in Malkangiri, which is slated for establishment soon. In Astaranga, a smart harbour project has been allocated Rs 184 crore, with tenders already issued and work set to commence shortly. The CM also visited Bharat Heavy Electricals Limited (BHEL) in Hyderabad, where he inspected missile component manufacturing, expressing intent to replicate such advanced production in Odisha.
Looking ahead, Majhi announced upcoming investor summits in Bengaluru and Kolkata to further attract capital. Sectors like manufacturing, healthcare, defence, renewable energy, and textiles were emphasised during the Hyderabad event, with investors showing keen interest in Odisha’s supportive policies.
“The success in Hyderabad has paved the way for Odisha to become a recognised investment destination,” Majhi stated. “We are personally overseeing the establishment of industries to ensure swift progress.”
This surge in investments aligns with the state’s vision under the ‘Make in Odisha’ campaign. A review of achievements will be conducted after the first year of Utkarsh Odisha to assess progress.
With these developments, Odisha is poised for rapid industrialisation, benefiting remote areas like Malkangiri and boosting overall economic prospects.
