Bhubaneswar,(Orissa Today) Jan 28: Odisha’s Make In Odisha Conclave witnessed a major boost as 54 Memorandums of Understanding (MoUs) were signed on Tuesday, with expectations to increase the count to 80 by the end of the day, said Industries Secretary Hemant Sharma.
Addressing the media at the “Utkarsh Odisha” event, Sharma mentioned that some MoUs were pre-prepared, while others would be finalized during the CEO Roundtable attended by Chief Minister Mohan Majhi. “It will not be feasible to exchange all 54 MoUs physically, so companies will announce their commitments,” he added.
Prime Minister Narendra Modi’s inaugural address further inspired investors, with prominent industrialists announcing significant projects. Naveen Jindal’s JSPL pledged ₹70,000 crore, while the Adani Group committed ₹2.28 lakh crore—the largest investment among the signed MoUs—targeting sectors like cement, power, alumina, and industrial parks. Additionally, Sajjan Jindal’s JSW Group announced a ₹35,000-crore investment to establish a 5 MTPA steel plant in Keonjhar.
The state aims to attract ₹5 lakh crore in investments, particularly in employment-intensive sectors like textiles, IT, chemicals, green energy, and electronics, positioning Odisha among India’s top five economies.
Odisha eyes record investments at Make in Odisha Conclave 2025
