Odisha Investment Proposals Touch ₹1.67 Lakh Crore as State Pivots to New-Age Industries

KEY TAKEAWAYS:

Odisha secured ₹1.67 lakh crore in investment intents at recent investors’ meets.
Proposals carry employment potential for 1.46 lakh people.
The state is shifting from resource-led growth to technology-driven industries.

Bhubaneswar:Odisha investment proposals worth ₹1.67 lakh crore mark a decisive shift in the state’s economic strategy, with new-age, technology-led sectors driving fresh momentum, Chief Minister Mohan Charan Majhi said on Tuesday. The investment intents, gathered during investors’ meets in Hyderabad and Kolkata, are expected to generate employment for around 1.46 lakh people.

Calling the response a strong vote of confidence from industry, Majhi said Odisha is positioning itself as an emerging industrial powerhouse with a clear focus on future-ready sectors.

From Mining Hub to Tech-Led Growth Engine

Traditionally known for steel, mining and heavy industries, Odisha is now expanding into high-growth areas such as IT and IT-enabled services, aerospace and defence, pharmaceuticals, medical devices, biotechnology, technical textiles, engineering goods, plastics, chemicals, packaging and recycling.

Also Read | Odisha Meghalaya MoU on Early Childhood Development Signed to Strengthen ECCED

The transition was showcased during the Odisha Investors’ Meets held in Hyderabad in December 2025 and Kolkata earlier this month.

Sector-Specific Engagements Drive Investor Interest

Six focused roundtable discussions were conducted across the two cities. Hyderabad hosted deliberations on pharmaceuticals and aerospace and defence, while Kolkata saw discussions on hosiery, apparel accessories and technical textiles, metal ancillary and downstream industries, engineering goods, plastics, chemicals, packaging and recycling, medical devices and biotechnology.

A total of 123 industry and corporate leaders participated, translating discussions into concrete investment proposals, Majhi said.

Policy Stability and Infrastructure Boost Confidence

The chief minister said the outcome reflects rising industry confidence in Odisha’s reform-oriented governance and investor-friendly ecosystem. He added that the state’s industrial push aligns with the national vision of Purvodaya, Odisha’s goal of becoming Samruddha Odisha by 2036, and contributing to Viksit Bharat by 2047.

Odisha offers end-to-end support from innovation to production and logistics, backed by major ports at Paradip, Dhamra, Gopalpur, Bahuda and Inchudi–Subarnarekha, along with expanding air connectivity and strong road infrastructure.

Plug-and-Play Parks and Skilled Workforce

Dedicated industrial parks, MSME parks and SEZs provide plug-and-play facilities to accelerate project execution. To ensure a steady talent pipeline, the state plans to set up three additional world-class skill centres in Bhubaneswar, Sambalpur and Berhampur.

“We welcome investors in new-edge sectors to be part of Odisha’s future-ready economy,” Majhi said, underscoring the state’s ambition to lead India’s next phase of industrial growth.