Odisha will receive an investment of Rs 8,96,686 Crores: CM Majhi after Odisha Investors Summit

ANI April 8, 2025 185 views

Odisha's Chief Minister Mohan Charan Majhi has dramatically transformed the state's economic landscape by securing nearly Rs 9 lakh crore in investments. The landmark Odisha Investors Summit in New Delhi marked a pivotal moment for the state's industrial aspirations. Multiple MoUs were signed with key petroleum and industrial corporations, signaling a major boost to Odisha's economic potential. The chief minister's strategic approach positions Paradip as a potential game-changing industrial hub, comparable to western industrial zones.

"Odisha is ready, and we invite you to invest in our bright future" - Mohan Charan Majhi
New Delhi, April 8: Odisha Chief Minister Mohan Charan Majhi on Tuesday said that he is "overjoyed" to announce that the Odisha government has signed MoUs with Petronet LNG, Indian Strategic Petroleum Reserves Limited, and several other companies under IOCL (Indian Oil Corporation Limited) of the Ministry of Petroleum and Natural Gas.

Key Points

1

Odisha signs 13 MoUs with major petroleum and industrial corporations

2

Investment of Rs 8,96,686 crores secured at Investors Summit

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Paradip identified as strategic industrial transformation hub

He stated that MoUs of 13 projects have been signed, and Odisha has received an investment of Rs 8,96,686 crores. Majhi emphasised that it is a step towards making Odisha an industrial powerhouse.

"I am overjoyed to tell you that the Odisha Government has signed MoUs with Petronet LNG, Indian Strategic Petroleum Reserves Limited and several other companies under IOCL (Indian Oil Corporation Limited) of the Ministry of Petroleum and Natural Gas. MoUs of 13 projects have been signed. With this, Odisha will receive an investment of Rs 8,96,686 Crores. Toward making Odisha an industrial powerhouse, we have touched a new milestone today...", Mohan Charan Majhi told reporters on Tuesday.

Meanwhile, the Odisha Investors Summit was organised at the Taj Palace hotel in New Delhi, where MoUs related to several projects were signed in the presence of CM Mohan Charan Majhi, Union Minister Hardeep Singh Puri, and Dharmendra Pradhan.

In his keynote address, Mohan Charan Majhi emphasized Odisha's vision to emerge as a petrochemical and manufacturing hub.

He stated, "Today's MoU with Indian Oil Corporation Ltd. is a landmark moment in Odisha's industrial journey. It reflects not just a shared vision but a strong belief in the state's potential to lead India's petrochemical revolution from the east. Paradip, with its strategic location and evolving infrastructure, is poised to become a transformative industrial hub--much like Dahej in the west... Odisha is ready, and we invite you to invest in our bright future."

The chief minister's visit to the national capital featured productive one-on-one meetings with notable industry leaders from various sectors. Those companies were Kiri Industries, Himadri Specialty Chemical Ltd, and SLMG Beverages Pvt. Ltd, Chowgule Group, Inox GFL Group, and Bombay Dyeing Mfg. Co. Ltd.

Reader Comments

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Priya S.
This is fantastic news for Odisha! 🎉 The investments will create so many job opportunities and boost our state's economy. CM Majhi is doing great work in attracting big companies. Can't wait to see Paradip transform into an industrial hub!
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Rahul K.
While the investment numbers look impressive, I hope the government ensures proper environmental safeguards. Odisha's natural beauty shouldn't be compromised for industrial growth. Balance is key.
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Ananya P.
My brother just graduated as a chemical engineer - perfect timing! Hope these projects prioritize local hiring. Odia youth deserve first preference in these new industries 🤞
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Sanjay M.
₹8.96 lakh crores?! That's massive! But will the benefits reach common people or just big corporates? Need to see concrete plans for skill development and infrastructure improvement in rural areas too.
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Mitali D.
As someone from Paradip, I'm cautiously optimistic. We've heard big promises before. Hope this time the development actually improves our quality of life and doesn't just pollute our air and water.
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Kunal R.
Great to see Odisha getting this level of investment! The petrochemical sector could really put us on the national map. Just hope the government maintains transparency in all these deals.

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Tags:
Odisha Investors Summit Mohan Charan Majhi Indian Oil Corporation Petrochemical Investment Odisha Industrial Development
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