The Utkarsh Odisha-Make in Odisha Conclave 2025, held in Bhubaneswar, has made a historic impact by securing Rs 16.73 lakh crore in investment intentions, surpassing its original target of Rs 5 lakh crore. The event saw 595 investment proposals across 20 sectors, marking it as a resounding success.
A Remarkable Response from Investors
Chief Minister Mohan Charan Majhi expressed pride in the overwhelming participation from both global and domestic investors. He highlighted that 145 memoranda of understanding (MoUs) were signed during the summit, signaling strong investor confidence in the state.
“We have exceeded all expectations. Investors are not only committing to new projects but also expanding their existing operations across sectors such as chemicals, textiles, mining, renewable energy, IT/ITeS, tourism, and food processing,” said CM Majhi.
Creating Job Opportunities
With these investments, Odisha expects to create over 12.88 lakh job opportunities, contributing significantly to the state’s economic growth and industrial development. The Rs 16.73 lakh crore in investment commitments made this year sets a new record, surpassing previous totals of Rs 2.03 lakh crore in 2016, Rs 4.19 lakh crore in 2018, and Rs 10.5 lakh crore in 2022.
International Collaborations and Support
The conclave also welcomed international partners from countries like Singapore, Malaysia, and Australia, who joined the Odisha government to explore new growth opportunities. Prime Minister Narendra Modi, who inaugurated the event, reassured investors of the profitable returns from their investments in the state.
Key Investment Announcements
Several prominent companies made significant announcements during the conclave:
- Adani Group: Pledged Rs 2.3 lakh crore in investments over five years, covering sectors such as power, cement, aluminum, and port expansion.
- Vedanta Limited: Signed an MoU to invest Rs 1 lakh crore in Odisha, with plans for an alumina refinery, a green aluminum plant, and an aluminum park in Rayagada.
- JSW Group: Committed Rs 35,000 crore to establish a 5 MTPA steel plant in Keonjhar, Odisha, with potential collaboration with POSCO.
Exciting Developments for the Future
Naveen Jindal, Chairman of Jindal Steel and Power, announced an ambitious plan to expand the company’s existing 6 MTPA steel plant in Angul to 25 MTPA by 2030, with an investment of Rs 70,000 crore. This expansion will make it the world’s largest and greenest steel plant.
Strengthening Odisha’s Industrial Hub
The Utkarsh Odisha-Make in Odisha Conclave 2025 has cemented Odisha’s position as a major industrial destination in India. With substantial investments from both domestic and international investors, the state is set to become a global industrial hub, further boosting its economic landscape.
