Odisha Signs Over 50 MoUs Worth Rs 4.50 Lakh Crore on Day 1 of Business Conclave

On the first day of the ‘Utkarsh Odisha-Make in Odisha Conclave,’ the Odisha government successfully signed 54 Memoranda of Understanding (MoUs) with various companies, promising an investment commitment of Rs 4.50 lakh crore. The landmark agreements are seen as a major boost for the state’s industrial and economic landscape.
The MoUs were inked on Tuesday, with investments spanning several sectors, including energy, infrastructure, and manufacturing. Hemant Sharma, the Additional Chief Secretary (ACS) of the Industries Department, highlighted some of the biggest commitments. The Adani Group has pledged to invest a significant Rs 2.28 lakh crore, marking the largest single investment from a company. Meanwhile, the Vedanta Group is set to invest around Rs 1 lakh crore, and the JSW Group, led by Sajjan Jindal, has committed Rs 35,000 crore to establish a steel plant in Keonjhar district.
The signing of these MoUs signals Odisha’s growing appeal as a prime investment destination, particularly in high-value sectors like steel, energy, and infrastructure. The investments are expected to create thousands of jobs and accelerate the state’s industrial growth, positioning Odisha as a key player in India’s economic future.
The government’s focus on attracting such substantial investments is part of its broader strategy to transform Odisha into an industrial powerhouse, driving economic growth and ensuring long-term prosperity for its people. With these promising developments, Odisha is set to strengthen its position as a leading investment hub in the country.