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Odisha's Rs 1.67 Lakh Crore Investment Boom: CM Majhi Charts New Industrial Era

Chief Minister Mohan Charan Majhi has declared Odisha's economy future-ready following highly successful investor meets in Hyderabad and Kolkata. The state secured investment commitments worth Rs 1.67 lakh crore with the potential to generate 1.46 lakh employment opportunities. This marks a strategic shift from traditional industries like steel and mining to new-age sectors including aerospace, pharmaceuticals, and technical textiles. The government is bolstering this growth with enhanced port connectivity, road infrastructure, and plans for three new world-class skill development centres.

Key Points: Odisha Attracts Rs 1.67 Lakh Cr Investment, CM Majhi Unveils Growth Plan

  • Rs 1.67 lakh crore investment secured
  • 1.46 lakh potential jobs created
  • Focus on tech & new-age sectors
  • Major ports & infrastructure highlighted
  • New skill centres planned
2 min read

CM Mohan Majhi highlights Odisha's shift to new-age sectors after successful investor meets

Odisha secures massive investments & 1.46 lakh jobs from investor meets. CM Mohan Majhi declares state future-ready, shifting focus to new-age tech sectors.

"Yahi Samaya Hai, Sahi Samaya Hai. We welcome investors... Come and invest in Odisha - CM Mohan Majhi"

Bhubaneswar, Jan 20

Chief Minister Mohan Charan Majhi has asserted that the economy of Odisha is now future-ready and on course to become an industrial powerhouse.

In an official statement on Tuesday, the state government described the recent investors' meets in Hyderabad and Kolkata as a massive success, attracting investments worth Rs 1.67 lakh crore and generating 1.46 lakh job opportunities.

"Odisha's journey from a traditionally resource-driven economy to a future-ready industrial powerhouse is gaining strong momentum, as the state sharpens its strategic focus on new-age and technology-led sectors. Yahi Samaya Hai, Sahi Samaya Hai. We welcome investors who are operating in new-edge sectors. Come and invest in Odisha and be a part of a future-ready economy," said CM Majhi after the success of the Kolkata Road Show.

During the investors' meet, six sector-specific roundtable discussions were conducted in Hyderabad and Kolkata. According to official sources, two roundtable meetings were held in Hyderabad, focusing on pharmaceuticals and aerospace and defence.

Meanwhile, in Kolkata, sectoral discussions covered hosiery, apparel accessories and technical textiles; metal ancillary, downstream and engineering goods; plastics, chemicals, packaging and recycling; and pharmaceuticals, medical devices and biotechnology.

A total of 123 company leaders participated in these roundtable discussions in both Hyderabad and Kolkata, while the state secured investments worth Rs 1,67,000 crore, with the potential to generate 1,46,000 employment opportunities.

Odisha, traditionally known for its strong base in steel, mining and heavy industries, is now steadily expanding into modern and high-growth sectors such as IT and ITES, Aerospace and Defence, Hosiery, Apparel Accessories and Technical Textiles, Metal Ancillary, Downstream and Engineering Goods, Plastics, Chemicals, Packaging and Recycling, Pharmaceuticals, Medical Devices and Biotechnology, marking a decisive shift in its growth trajectory.

CM Majhi noted that Odisha offers all essential components required for the development of new-edge industries, from ideation and innovation to implementation, production, logistics and transportation. For global connectivity, Odisha operates major ports at Paradeep, Dhamra, Gopalpur, Bahuda and Inchudi-Subarnarekha. The state also provides abundant air connectivity through airports across Odisha, supported by robust road infrastructure.

Recognising the importance of skilled manpower in emerging sectors, the Odisha Government will establish three more world-class Skill Centres in Bhubaneswar, Sambalpur and Berhampur, ensuring region-balanced skill development and employment generation.

- IANS

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Reader Comments

P
Priyanka N
Rs 1.67 lakh crore is a huge number! I'm from Bhubaneswar and we've already seen the IT sector grow. More skill centres are desperately needed. Hope they focus on quality education and not just numbers.
R
Rahul R
Good step, but let's be cautious. We've heard big investment promises before. The real test is ground-level implementation and ensuring local communities benefit. The focus on technical textiles and plastics recycling is very smart for sustainable growth.
S
Sarah B
As someone who works in the biotech sector, this is exciting. Odisha's ports and planned skill development could make it a great hub. Hope the government provides clear policies and single-window clearance to actually attract these "new-edge" companies.
V
Vikram M
Finally! We need to move beyond being just a mining state. The focus on aerospace and defence is strategic. With good connectivity via ports and airports, Odisha can compete with Gujarat and Tamil Nadu. Bas ab yeh announcements reality ban jaye.
K
Kriti O
Creating 1.46 lakh jobs sounds great, but will they be for Odia people? Often in these big projects, skilled workers are brought from outside. The skill centres in Sambalpur and Berhampur are a good sign for balanced regional development.

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