Odisha positions itself as India’s next growth engine: CM Majhi

Bhubaneswar, Dec 19 : Chief Minister Mohan Charan Majhi on Friday asserted that Odisha is poised to emerge as one of India’s key growth engines, underscoring the Odisha Investor Meet as a crucial platform for translating investment intent into tangible outcomes.

Addressing industry leaders at the Odisha Investor Meet held in Hyderabad, the Chief Minister said the state is steadily establishing itself as a future-ready investment destination, supported by policy stability, competitive operational costs and a facilitative governance framework. The meet was organised to enable direct engagement with industry leaders, showcase Odisha’s diversified industrial ecosystem and fast-track investment decisions across priority and emerging sectors.

More than 500 delegates, including senior executives from leading companies, industry associations and business chambers, participated in the event. Referring to the shifting geography of India’s industrial growth, Majhi said Odisha is emerging as a key destination under the national vision of Purvodaya, backed by robust infrastructure, fiscal discipline and responsive governance.

Highlighting the state’s strategic advantages, the Chief Minister pointed to Odisha’s long coastline, port-led development potential, expanding industrial corridors and strong multimodal connectivity, which together position the state as a gateway to both domestic and global markets.

The event, attended by Industries Minister Sampad Chandra Swain and senior government officials, served as a platform to present Odisha’s evolving industrial landscape and highlight opportunities across traditional and new-age sectors.

During the meet, 13 Memoranda of Understanding (MoUs) were signed, representing a total investment potential of Rs 27,650 crore and an estimated employment generation of 15,905 jobs. In addition, investment intentions worth Rs 39,131 crore were received, with the potential to create over 40,000 jobs.

Strong industry interest was witnessed across sectors such as pharmaceuticals, medical devices, renewable energy equipment, textiles and technical textiles, electronics, IT and data centres, advanced manufacturing and allied industries, reinforcing Odisha’s growing appeal as a diversified and future-ready investment destination.

Emphasising the state’s focus on industrial diversification, the Chief Minister noted that Odisha’s growth trajectory is increasingly driven by value-added manufacturing and emerging industries, supported by sector-specific policies, industrial parks and streamlined investment facilitation mechanisms.

Addressing the gathering, Industries Minister Sampad Chandra Swain said the strong response to the Odisha Investor Meet reflects industry confidence in the state’s policy framework and governance model. He reaffirmed the government’s commitment to ensuring effective implementation, continuous engagement and seamless facilitation for investors.