New Delhi: Odisha is paving the way for massive capital investment. On the first day of his New Delhi visit, the Chief Minister of Odisha held discussions with various companies, resulting in the signing of 11 Memorandums of Understanding (MoUs). An additional three MoUs are expected to be signed today. Odisha government has engaged in positive discussions with 14 companies including Quant Solar, totaling 99 fruitful meetings. All these companies are set to launch their projects in Odisha very soon.
On Monday, at The Taj Palace in New Delhi, the Odisha Government signed MoUs with 11 companies, bringing in a proposed investment of approximately ₹7,595 crore. This investment is expected to generate around 27,000 job opportunities in the state.
Today, the state government will sign MoUs with Indian Oil Corporation Ltd. (IOCL), Petronet LNG, and Indian Strategic Petroleum Reserves Limited (ISPRL). These companies plan to invest nearly ₹30,000 crore in Odisha, which will create employment for around 19,190 youth across various sectors.
In total, investments worth ₹30,595 crore will come through 14 companies, leading to the creation of approximately 48,390 job opportunities.
The Chief Minister, Mohan Charan Majhi, emphasized that Odisha will soon emerge as a major hub for the petrochemical industry. He also highlighted the state’s reforms and initiatives taken to attract investors, which have made Odisha a favorable destination for business.