image credits: Invest Odisha
Industrial growth in Odisha looks promising with the recent Odisha Investors’ Meet held in New Delhi on April 8, 2025. Under the leadership of Chief Minister Mohan Charan Majhi, the state signed 13 Memoranda of Understanding (MoUs) and secured 15 investment intents, collectively worth ₹1.03 lakh crore. These agreements have the potential to generate 95,915 jobs across diverse sectors in Odisha.
What are some Landmark Deals Secured in Odisha Investors’ Meet?
A standout achievement from the two-day event was the MoU with Indian Oil Corporation Limited (IOCL) for a dual-feed naphtha cracker project in Paradip. Valued at ₹58,042 crore, this initiative is poised to create 24,000 direct and indirect jobs while strengthening Odisha’s petrochemical sector. Building on IOCL’s earlier commitment of ₹61,000 crore announced in December 2024, this project aligns with the state’s broader strategy to establish a robust industrial ecosystem. The naphtha cracker unit is set to be formalized at the upcoming ‘Utkarsh Odisha Make in Odisha 2025’ summit.
Additional MoUs with industry giants like ISPR and Petronet LNG further enhances Odisha’s industrial portfolio. These partnerships are expected to improve infrastructure in the energy and petrochemical sectors, contributing to the central government’s ‘Purvodaya’ vision for eastern India’s development. The state is also advancing its Plastic Park project in the PCPIR region at Paradip which is backed by a ₹106 crore investment.
Odisha’s Broader Vision for Jobs
The Odisha Investors’ Meet reflects Chief Minister Majhi’s proactive approach to industrial transformation. Speaking at the event, he emphasized, “Our vision is to attract significant investments, create jobs, and ensure sustainable economic growth for the people of Odisha.” This echoes his earlier address at the Confederation of Indian Industry (CII) session in January 2025, where he outlined a three-pronged strategy focusing on industrial development, job creation, and a business-friendly environment. The 95,915 job opportunities projected from these MoUs and investment intents are a testament to this commitment. In the Day 1 of CM Mohan Majhi’s Delhi visit alone secured investment intents worth ₹30,595 crore, with the potential to create 48,390 jobs.
Strategic Alliances with the Centre
The Delhi visit was not limited to signing MoUs. Chief Minister Majhi held high-level meetings with Union Ministers, including Finance Minister Nirmala Sitharaman, Commerce Minister Piyush Goyal, and Civil Aviation Minister Jyotiraditya Scindia, to secure support for Odisha’s industrial ambitions. Discussions focused on expediting infrastructure projects like national highways, railway lines, and port development, alongside tailored industrial incentives. A key push was made for the early operationalization of the proposed Dhamra airport and the establishment of a Maintenance, Repair, and Overhaul (MRO) facility.
How did Odisha Investors’ Meet 2025 Build a Strong Foundation?
The Investors’ Meet builds on the Majhi-led government’s achievements in its first 100 days, during which it approved investment proposals worth ₹44,682 crore. These efforts, combined with the latest agreements, showcase Odisha’s growing appeal as an investment destination. The state’s strategic projects, such as the Special Investment Region near Dhamra port, further enhance its position on India’s industrial map. Odisha’s recent strides in New Delhi reflect a clear intent to harness its economic potential. With Chief Minister Majhi at the helm, supported by dignitaries like Petroleum Minister Hardeep Singh Puri and Education Minister Dharmendra Pradhan, the state is forging a path toward sustainable growth.
