Odisha Partners with Singapore: 7 MoUs Signed to Boost Economic Growth
Bhubaneswar: The Odisha government signed seven Memoranda of Understanding (MoUs) with Singapore on Friday in a significant move to foster economic growth and collaboration. The agreements, aimed at strengthening ties across several sectors, were signed in the presence of Singapore President Tharman Shanmugaratnam, Odisha Chief Minister Mohan Charan Majhi and Union education minister Dharmendra Pradhan.
The first two MoUs focus on industrial growth and sustainability. Odisha industrial infrastructure development corporation (IDCO) has partnered with Sembcorp, a leading energy and infrastructure company from Singapore, to establish industrial parks in the state. Another key agreement was made with Surbana Jurong, Singapore’s leading urban and infrastructure consultancy, for the development of a petrochemical and petroleum investment region (PCPIR) in Odisha.
The Bhubaneswar Development Authority also signed an MoU with Surbana Jurong for the planning and development of a new city. This urban development initiative will bring modern infrastructure and smart city solutions to Odisha, helping to modernize the state’s urban landscape.
A collaborative MoU was signed between Grid Corporation of Odisha (GRIDCO), IIT Bhubaneswar, and Singapore’s Nanyang Technological University (NTU). The partnership aims to advance research in energy and technology, contributing to Odisha’s long-term innovation goals.
In a bid to boost its financial technology sector, the Odisha electronics and it department signed an MoU with the global finance and technology network (GFTN), Singapore. The agreement focuses on strengthening the fintech ecosystem and advancing skills training in the sector.
Additionally, the Odisha skill development and technical education department entered into a separate agreement with ITE Education Services (ITEES), Singapore, to enhance skill development in semiconductor manufacturing.
Chief Minister Mohan Charan Majhi expressed confidence in the long-term benefits of these partnerships, stating, “This collaboration will pave the way for Odisha’s development across several key sectors.”
