STATES
Utkarsh Odisha Conclave gets 145 MoUs with Rs 12.89 lakh crore of investment
- IBJ Bureau
- Jan 30, 2025
The two-day Utkarsh Odisha Conclave has paved the way for signing of as many as 145 investment-related memorandums of understanding (MoUs) with Rs 12.89 lakh crore of investment for industrial growth of the coastal State, Chief Minister Mohan Majhi claimed on Wednesday.
Stating that the summit has been a great success, the chief minister said that it witnessed an impressive gathering of industry leaders, global delegates, investors and policymakers. Prime Minister Narendra Modi’s presence at the inauguration provided fillip to the grand event, he noted.
MoUs worth Rs 12.89 lakh crore of investment were received across various sectors such as chemicals, petrochemicals, textiles, mining and metallurgy, renewable energy, IT and ITeS, tourism and food processing. These investments are expected to generate over 8.94 lakh job opportunities, creating a significant socio-economic impact and ensuring inclusive growth across the State.
Apart from the MoUs signed, 448 investment intention forms with an investment value of Rs 3.84 lakh crore were received with an employment potential of 3.92 lakh jobs.
The conclave attracted delegates from over 16 countries, including representatives from the partner countries – Singapore, Malaysia and Australia – further strengthening Odisha’s position as a global investment destination.
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