Odisha Sets ₹4.5 Lakh Crore Investment Target Under ‘Samrudha Odisha 2036’ Vision
CM Majhi Unveils Industrial Roadmap with Aim to Create 2.9 Lakh Jobs in a Year
Odisha Chief Minister Mohan Charan Majhi has laid out an ambitious industrial roadmap under the ‘Samrudha Odisha 2036’ initiative, setting a target of ₹4.5 lakh crore in investments and creation of 2.9 lakh jobs within a single year. The announcement was made during a high-level interaction with top industrialists, MSME entrepreneurs, and startup leaders as the state nears the first anniversary of the new government.
Positioned as a blueprint for turning Odisha into a diversified industrial powerhouse by its centenary year in 2036, the ‘Samrudha Odisha’ vision reflects a strategic pivot from the state’s legacy of mineral-driven growth to a more broad-based industrial expansion.
“Odisha has emerged as a leading investment destination in eastern India. With investor sentiment strengthened following the Utkarsha Odisha summit, we are entering a high-growth phase,” said CM Majhi.
Unprecedented Investment Momentum
The Chief Minister highlighted that the state approved 206 large-scale projects in the past year—nearly double the average of the previous five years—with proposed investments totaling ₹4.5 lakh crore and a job potential of 2.9 lakh. Of these, 56 projects worth ₹1.78 lakh crore have already reached the inauguration or implementation stage, creating over 1.1 lakh jobs.
During the Utkarsha Odisha summit, over 150 Memoranda of Understanding (MoUs) were signed, showcasing investor intent of ₹16.7 lakh crore and a potential employment impact exceeding 12.9 lakh.
Traditionally known for its mineral reserves, Odisha is fast diversifying into sectors like textiles, electronics, food processing, green chemicals, tourism, and renewable energy. CM Majhi stated that the state’s growth now spans 20 industrial sectors, marking a decisive shift in its economic positioning.
“Odisha is no longer just about minerals and metals. We are shaping a more balanced, future-ready industrial economy,” he added.
The ‘Samrudha Odisha 2036’ framework aims to transform the state into a high-performance economy by strengthening foundational sectors like mining, metallurgy, and green chemicals. Key corporate partners in this journey include IOCL, JSW, JSPL, Tata Steel, Adani, Vedanta, and Hindalco.
The state also plans to accelerate port-based industrialization along the Paradip-Dhamra-Gopalpur corridor, enhancing export capabilities through expanded terminals and container infrastructure.
CM Majhi outlined four key reform priorities for the coming year:
- New policies targeting emerging sectors
- Expansion of land banks and industrial corridors
- Overhaul of the single-window clearance mechanism
- Simplification of regulatory frameworks
“Our goal is shared prosperity. We call upon all stakeholders to collaborate with us in building a Samrudha Odisha by 2036,” he said.
The event witnessed participation from prominent government officials, including Development Commissioner Anu Garg, Principal Secretary Hemant Sharma, IPICOL MD Prashant Kumar Reddy, and industry leaders, signaling strong public-private alignment.
