CM Majhi Returns with ₹54,000 Crore Investment Commitments for Odisha
Bhubaneswar: Odisha has secured investment proposals worth ₹53,893.51 crore during the two-day India Chem 2026 summit in Mumbai, marking a major boost to the state’s industrial and chemical manufacturing sectors.
The investment commitments are expected to generate more than 20,210 direct employment opportunities across Odisha.
Chief Minister Mohan Charan Majhi, who led the state’s delegation at the summit, announced that Odisha signed nine Memoranda of Understanding (MoUs) and four Investment Intent Forms (IIFs) with leading companies.
The delegation also held 25 one-to-one meetings with industry leaders to showcase Odisha’s industrial potential and investment-friendly policies.
Among the major commitments, NLC India Ltd emerged as the largest investor, proposing projects worth ₹36,763.51 crore in the chemical and power sectors, with the potential to create around 4,600 jobs.
Other significant investments came from L&T Ltd (₹8,100 crore), Paradeep Phosphates Ltd (₹4,750 crore), Solar Industries India Ltd (₹500 crore), Alisha Torrent Closures (₹530 crore), and Greenply Industries (₹350 crore).
The summit also witnessed investment intent commitments from JSW Dulux, Ellora PEB, Apar Industries, and an agro-processing company, reflecting growing investor confidence in Odisha’s industrial ecosystem.
Addressing industry representatives, Mohan Charan Majhi emphasised the state’s vision to diversify beyond its traditional metal-based economy and transform Odisha into a leading hub for chemicals, petrochemicals, plastics, and downstream manufacturing.
The Chief Minister said Odisha is developing a comprehensive industrial ecosystem to attract large-scale investments and foster sustainable growth.
In another significant development, Odisha has been selected to host Odisha Chem 2027 in October 2027 with support from the Central Government and FICCI, further strengthening the state’s position in India’s chemical manufacturing landscape.
During the visit, the Chief Minister also held discussions with representatives from POSCO India, JSW, L&T, and companies from the United States and the European Union to explore future investment opportunities in Odisha.
The investment commitments secured at India Chem 2026 are expected to accelerate Odisha’s industrial growth, create employment, and reinforce the state’s emergence as a preferred destination for chemical and manufacturing investments.
