Odisha secures Rs 1 lakh crore investment through Kolkata roadshow

The Odisha government on Saturday said it has garnered investment worth Rs one lakh crore through its investors meet and roadshow held in Kolkata.

During the two-day event in the eastern metropolis, attended by Chief Minister Mohan Charan Majhi, Industries Minister Sampad Chandra Swain, Chief Secretary Anu Garg and senior officials, the state signed 27 Memorandum of Understanding (MoUs) and received 19 investment intents from various industries for setting up plants in Odisha, according to an official statement.

The 27 MoUs envisage an investment of Rs 81,864 crore with the potential to generate over 63,161 jobs. In addition, 19 investment intent proposals worth Rs 18,453 crore were received, which could create more than 27,591 employment opportunities. Together, if grounded, these projects are expected to generate employment for around 80,000 people, an official said.

The chief minister said that while MoUs are important, the true measure of success lies in execution on the ground.

Addressing the Odisha Investors’ Meet and Roadshow in Kolkata, Majhi invited industry leaders to partner with Odisha and said that growth in East India would be collaborative, with states complementing each other’s strengths to build a strong eastern industrial corridor, according to a statement released by the Chief Minister’s Office.

Stating that Odisha is financially strong and economically secure, Majhi said the state is rapidly transitioning from a resource-based economy to a value-addition and advanced manufacturing hub, driven by speed, scale and sustainability.

He highlighted Odisha’s strategic coastline and ports at Paradip, Dhamra and Gopalpur as key enablers of port-led industrialisation serving eastern and central India.

During the meet, the chief minister and senior officials held 130 exclusive high-level interactions along with four sectoral roundtables. The hosiery, apparel, accessories and technical textiles roundtable saw participation from CXO-level representatives of 18 leading companies.

The metal ancillary, downstream and engineering goods roundtable saw participation from 22 companies, while the plastics, chemicals, packaging and recycling roundtable witnessed participation from 24 companies. The pharmaceuticals, medical devices and biotechnology roundtable brought together 24 companies, reflecting industry engagement across key sectors, the official said.

The Odisha Investors’ Meet Roadshow in Kolkata saw participation from over 500 industry leaders, business associations and institutional stakeholders, providing an overview of Odisha’s industrial ecosystem, infrastructure readiness and policy-driven growth model.

While engaging with industries from West Bengal, Jharkhand and the North-East, Majhi urged them to expand, diversify and grow with Odisha. He highlighted investment opportunities in renewable energy equipment, textiles, pharmaceuticals, electronics, information technology, data centres and advanced manufacturing.

The chief minister reiterated the state’s commitment to attracting investment and ensuring the timely conversion of MoUs and investment intentions into projects on the ground. He also said Odisha would contribute to national priorities by creating tourism-ready investment clusters and strengthening ancillary and innovation ecosystems.

Following the Kolkata event, the state government plans to host Enterprise Odisha on January 27 and 28 in Rourkela, which will showcase Odisha’s industrial capabilities, MSME strengths, startup ecosystem and investment-ready infrastructure across the state.

(With inputs from agencies)