“Odisha Will Be The Growth Engine Of India,” Says CM At Hyderabad Investors’ Meet
Rs 67,000 crore investment proposals, 56,000 jobs envisaged: Reports
BHUBANESWAR: Dec. 19: Chief Minister Mohan Charan Majhi on Thursday asserted that Odisha is poised to emerge as one of India’s principal growth engines, as the state aggressively courts domestic and global investors through policy stability, competitive costs and facilitative governance.
Addressing industry leaders at the Odisha Investors’ Meet in Hyderabad, Majhi said the state is ready to convert investment intent into tangible outcomes.
“Odisha is prepared to be the growth engine of India. This Investors’ Meet is a platform to build long-term partnerships that translate intent into on-ground results,” he said, underlining the government’s focus on timely approvals and a predictable policy environment.
The meet was organised to enable direct engagement with industry leaders, showcase Odisha’s diversified industrial ecosystem and accelerate investment decisions across priority and emerging sectors. More than 500 delegates, including senior executives from leading companies and representatives of industry associations and business chambers, participated in the event.
Highlighting the shifting geography of India’s industrial growth under the national vision of Purvodaya, the Chief Minister said Odisha is rapidly emerging as a preferred destination, backed by strong infrastructure, fiscal discipline and responsive governance. He pointed to the state’s long coastline, port-led development strategy, expanding industrial corridors and improving multimodal connectivity as key advantages that position Odisha as a gateway to both domestic and global markets.
“What businesses often find crowded, expensive and intensely competitive elsewhere, they will find accessible, scalable and facilitative in Odisha. “The government’s role is to enable growth, ensure swift clearances and provide policy certainty so investors can focus on building and expanding,” Majhi said.
The event, held in the presence of Industries Minister Sampad Chandra Swain and senior state officials, showcased opportunities across both traditional and new-age sectors.
During the meet, 13 Memoranda of Understanding were signed, involving an estimated investment of Rs 27,650 crore and potential employment for 15,905 people.
In addition, investment intentions worth Rs 39,131 crore were received, with the potential to generate over 40,000 jobs. Together, the proposals indicate total investment interest of nearly Rs 67,000 crore and employment prospects for around 56,000 people.
Industry interest was particularly strong in sectors such as pharmaceuticals, medical devices, renewable energy equipment, textiles and technical textiles, electronics, IT and data centres, advanced manufacturing and allied industries—underscoring Odisha’s growing appeal as a diversified, future-ready investment destination.
Emphasising diversification, the Chief Minister noted that Odisha’s growth is increasingly driven by value-added manufacturing and emerging industries, supported by sector-specific policies, industrial parks and robust investment facilitation mechanisms.
Industries Minister Sampad Chandra Swain said the strong response reflected industry’s confidence in Odisha’s governance model. Industry representatives, in turn, acknowledged the state’s transparent policies, competitive operating environment and steadily improving infrastructure.