Odisha CM Majhi Announces Rs 16.7 Lakh Crore Investment Ahead of Govt Anniversary

Odisha industrial growth

Bhubaneswar, 8 June (OT Webdesk): Odisha Chief Minister Shri Mohan Charan Majhi today met several prominent industry leaders, MSME entrepreneurs, women entrepreneurs and start-up sector leaders ahead of the first anniversary of the government.

During the interaction, the CM thanked the entrepreneurs and industry leaders for becoming partners in Odisha’s growth story. He highlighted how Odisha is becoming a fulcrum of industrialisation and the measures the Odisha government has taken to help industries in catering to the international markets.

Saying that the government is focusing more on job creation and more employment, he urged the industry captains & entrepreneurs to grow with Odisha & join the journey of making Odisha an industrial powerhouse.

Speaking to the industry barons, CM said, “One year ago, the people of Odisha placed their faith in us to build a future that is inclusive, aspirational, and transformative. Today, as we reflect on this first year, we do so with pride in our progress and renewed commitment to the journey ahead. The presence of the Prime Minister at the Utkarsha Odisha event made all the difference. His call to investors to put their money in Odisha was highly rewarding for us. Over 150 MoUs were signed, generating Rs 16.7 lakh Crore of investment intent and an employment potential for more than 12.9 lakh people. Over the last year alone, 206 large projects were approved, nearly double the average of the previous five years. These represent a total investment value of over Rs 4.5 lakh Crore and an employment potential of nearly 2.9 lakh jobs.

He further said, “Since Utkarsha Odisha, 56 projects have already been taken up for ground-breaking and inauguration, with a combined investment of over Rs 1.78 lakh Crore, and employment potential for 1.1 lakh people. These numbers reflect not only our speed, but scale and substance. Adding that this growth has been spread across 20 diverse sectors from traditional strengths like mining, metallurgy and metal downstream to emerging opportunities in chemicals, food processing, apparel and textiles, renewable energy equipment, electronics, and tourism, he asserted that Odisha is no longer just the minerals and metals hub of India, it is fast becoming a diversified industrial powerhouse. In many ways, he continued, we have done more in this one year than the past five years put together—through quiet, focused, and committed action. Looking ahead to the next year, we will focus on four key priorities.

First, we will bring new policies that unlock emerging sectors and offer global competitiveness. Second, we will expand our land bank and industrial infrastructure to meet future demand. Third, we will revamp our single window system and develop a modern, integrated project tracking platform. Fourth, we will work to deregulate and simplify burdensome rules and processes. These steps will ensure faster approvals, seamless coordination, and real-time progress monitoring, CM added.

He further said that the next four years will lay the foundation for a Samrudha Odisha 2036. We will build on our leadership in mining, metals, and green chemicals with strong support from partners like IOCL, JSW, JSPL, Tata Steel, AMNS, Vedanta, Hindalco, and Adani. We are also strengthening port-based industrialisation, through new terminals, jetties, and container handling capacity, across the Paradip-Dhamra-Gopalpur stretch, he added.

Under CM Shri Majhi, the state has embarked on a mission to redefine its industrial landscape through a series of groundbreaking investment initiatives, making the state a fast-growing industrial hub in Eastern India.

On this occasion, Minister, MSME & Fisheries and ARD Shri Gokula Nanda Mallik, Minister, Industries & Skill Development and Technical Education Shri Sampad Chandra Swain, Development Commissioner cum Additional Chief Secretary Srimati Anu Garg, were present.

While Additional Chief Secretary (Industry) Shri Hemant Kumar Sharma gave the welcome address, Director of the Industry Department Prashant Kumar Reddy gave the vote of thanks.