Odisha Eyes ₹5 Lakh Crore Investment as Make in Odisha Conclave Gains Momentum
Odisha’s Utkarsh Odisha – Make in Odisha Conclave 2025 is witnessing a surge in investment commitments, with 54 Memorandums of Understanding (MoUs) already signed and more expected in the coming hours. Industries Secretary Hemant Sharma announced on Tuesday that the count could go up to 80 as more companies confirm their investment plans.
“While 54 MoUs have already been signed, we are expecting the number to reach around 80 in the next 2-3 hours,” Sharma told reporters at the summit. He noted that some of these MoUs were pre-finalized, while others would be formalized during the CEO Roundtable, which will be attended by Chief Minister Mohan Majhi. Given the large number of agreements, physical exchanges may not be possible, and several companies will instead make public announcements.
PM Modi’s Call for Investment Spurs Interest
Prime Minister Narendra Modi’s address at the event has provided a significant boost to investment sentiment, with industry leaders showing greater interest in Odisha’s industrial potential. Reinforcing CM Majhi’s vision for the state, Modi emphasized that this is the ideal time to invest in Odisha under “Modi ki Guarantee”, signaling strong policy support and a pro-business environment.
Mega Investments Led by Adani, JSPL, and JSW
The Adani Group has emerged as the biggest investor so far, committing a record ₹2.28 lakh crore to Odisha’s growth. Their investments will span key sectors including cement, power, alumina, smelters, green energy, and industrial parks—making it the highest-value MoU among those signed at the event.
Earlier in the day, Naveen Jindal announced that Jindal Steel and Power Ltd (JSPL) would invest ₹70,000 crore in Odisha, further solidifying the state’s position as a manufacturing hub. Additionally, JSW Group, led by Sajjan Jindal, signed an MoU to establish a 5 MTPA steel plant in Keonjhar district with an investment of ₹35,000 crore, in the presence of the Chief Minister.
Odisha Aims for Economic Transformation Beyond Mining
The Odisha government has set an ambitious target to attract ₹5 lakh crore in investments during the conclave. This edition has drawn top Indian business leaders, foreign delegations, and diplomats from over 16 countries, underscoring Odisha’s growing global appeal.
Beyond its traditional strength in mining and minerals, the state is actively promoting investment in employment-intensive and high-growth sectors, including:
- Textiles and apparel
- IT and IT-enabled services (IT/ITeS)
- Shipbuilding and repair
- Petrochemicals and chemicals
- Green fuels and green energy
- Electronics and data centers
With a strategic focus on industrial diversification and sustainability, Odisha is positioning itself among India’s top five state economies. The ongoing conclave is expected to be a game-changer, ushering in a new era of industrial growth, job creation, and global investments.
