Odisha secures investment intent worth Rs 30,595 Cr
08-Apr-2025 02:05 PM 8556
Bhubaneswar, Apr 8 (Reporter) Odisha has attracted investment intents worth Rs 30,595 crore from various industrial houses, with the potential to generate approximately 48,390 jobs in the state. This development follows Chief Minister Mohan Charan Majhi’s visit to New Delhi on Monday. According to the Chief Minister’s Office (CMO), Majhi is currently on a strategic visit to New Delhi aimed at enhancing Odisha’s industrial ecosystem and attracting significant investments across key sectors. The visit, which began on Monday, includes a series of strategic engagements intended to position Odisha as a leading industrial hub in India. As part of this effort, the state secured investment intents from 14 companies amounting to Rs.3,000 crore, which are expected to generate approximately 21,390 jobs. Additionally, the Odisha Government formalized 11 Memoranda of Understanding (MoUs) valued at Rs. 27,595 crore, with an estimated potential to create 27,000 employment opportunities. In total, the discussions during the visit have yielded investment intents worth Rs.30,595 crore, with the potential to create around 48,390 jobs across Odisha. On the first day of his visit to Delhi (April 7), the Chief Minister met with several prominent industry leaders and visited the HCL Technologies campus in Noida. During his visit, he interacted with Ms. Roshni Nadar Malhotra, Chairperson of HCL Technologies, and explored ongoing innovations at the company’s Mega IT Campus, AI Lab, and IoT Lab. Discussions during this engagement focused on establishing collaborative opportunities in the IT and ITeS sectors. Majhi emphasized Odisha’s commitment to becoming a hub for technology-driven enterprises and expressed optimism about HCL expanding its presence in the state—further strengthening Odisha’s position in innovation and technological advancement. The Chief Minister also held a series of one-on-one meetings with industry leaders from esteemed organizations such as Kiri Industries, Himadri Specialty Chemical Ltd., Chowgule Group, IREL, SLMG Beverages, Ruchi Soya Foods Ltd. (Patanjali Ayurved Ltd.), Inox GFL Group, OfBusiness, and Quant Solar. These discussions focused on expanding operations in Odisha. According to CMO sources, these interactions revealed strong interest in establishing manufacturing units that would not only drive local economic development but also generate significant employment opportunities for the youth of Odisha. On the second day of his visit, a major milestone is scheduled: the formal signing of MoUs with Indian Oil Corporation Ltd. (IOCL) for its Dual-Feed Naphtha Cracker Project in Odisha, official sources said. This transformative project is expected to significantly boost the state’s petrochemical capabilities and promote broad-based industrial development. Additionally, the Chief Minister will oversee the signing of further MoUs with Indian Strategic Petroleum Reserves Ltd. (ISPRL), Petronet LNG, and other industry leaders. The day will also include more one-on-one meetings focused on investment opportunities and potential collaborations across various sectors. The Odisha Government anticipates that this visit will result in substantial investment commitments, solidify the state’s standing as a key industrial hub in Eastern India, and encourage collaborative industrial growth. Through this visit, the Government of Odisha reaffirms its commitment to promoting economic growth and ensuring that the benefits of industrial development reach all corners of the state. The outcomes of the Chief Minister’s visit are expected to leave a lasting positive impact on Odisha’s industrial landscape, significantly contributing to job creation and sustainable economic development in the region, official sources added...////...
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