Odisha Investor Meet Generates Rs 38,700 Crore in Proposals

The Odisha Investor Meet in Hyderabad has successfully generated investment proposals amounting to Rs 38,700 crore on its first day, reflecting a strong interest from various industries. The event, held on March 6, 2024, marks a significant step towards fostering investment in Odisha’s industrial sectors, demonstrating an increasing confidence in the state’s economic environment.

Chief Minister Mohan Charan Majhi, during his two-day visit, engaged in extensive one-on-one discussions with executives from major companies across key sectors. The primary focus of these discussions included pharmaceuticals, medical devices, green energy, textiles, food processing, engineering goods, automotive components, and capital equipment manufacturing. The aim was to identify new investment opportunities and explore the expansion of existing operations within Odisha.

Industry Engagement and Investment Intentions

The roadshow seeks to enhance partnerships within the industry and highlight Odisha’s developing industrial capabilities to both national and international investors. Throughout the day, 15 Government-to-Business (G2B) meetings were held with notable companies, including Indorama Industries Ltd, Jindal Poly Films, ABI Showatech Pvt Ltd, and Maruti. These interactions culminated in investment intentions of approximately Rs 19,500 crore, with the potential to create nearly 7,500 jobs.

To further solidify this momentum, seven Memoranda of Understanding (MoUs) were signed, involving proposed investments of about Rs 19,200 crore. These projects are anticipated to generate around 12,700 employment opportunities across various sectors. The presence of Sampad Chandra Swain, the minister for industries and skill development, along with senior state officials, underscored the importance of these engagements.

Officials noted that the strong response from the industry reflects growing trust in Odisha’s progressive policy framework, improved infrastructure, and ongoing efforts to enhance the ease of doing business in the state.

Pharmaceutical Sector Focus

A dedicated sectoral roundtable featuring leaders from the pharmaceutical industry was organized, building on the momentum established during the Odisha Pharma Summit 2025. During these discussions, the state’s recently announced Pharmaceutical Policy was highlighted, along with plans for the development of dedicated Pharmaceutical and Medical Devices Parks. These initiatives are designed to bolster Odisha’s manufacturing capabilities in the pharmaceutical sector.

Commenting on the day’s interactions, Chief Minister Majhi expressed satisfaction with the enthusiastic industry response, stating it underscores confidence in Odisha’s industrial direction. He emphasized the state’s commitment to fostering long-term partnerships, driven by clear policies, responsive governance, and an ecosystem poised for future innovation and sustainable growth.

With significant investment prospects on the horizon, the Odisha Investor Meet sets a promising stage for the state’s economic development and industrial expansion.