Bhubaneswar, June 26 (UDN): In a major boost to Odisha’s industrial landscape, the state on Friday witnessed the signing of Memorandums of Understanding (MoUs) for seven mega projects involving investments worth Rs 24,823 crore, with the proposed ventures expected to generate employment opportunities for nearly 29,500 people.
The agreements were signed in the presence of Chief Minister Mohan Charan Majhi during the third Eastern Regional Council Meeting of the Confederation of Indian Industry (CII) held in Bhubaneswar.
The proposed projects span key sectors and are expected to significantly strengthen Odisha’s industrial ecosystem, attract fresh investments and accelerate the state’s economic growth trajectory.
Addressing industry leaders and investors, Chief Minister Majhi said the new investment commitments reflect growing confidence in Odisha’s industrial potential and reaffirm the state’s vision of emerging as a leading growth engine in eastern India.
“The next chapter of India’s growth story is being written in Eastern India. Odisha is poised to play a pivotal role in this transformation in line with Prime Minister Narendra Modi’s vision of ‘Purvodaya’,” the Chief Minister said.
He highlighted that Odisha’s investor-friendly policies, robust infrastructure, abundant natural resources and skilled workforce have made the state a preferred destination for industries and entrepreneurs.
Majhi further stated that the newly signed projects would not only strengthen the state’s manufacturing and industrial base but also create large-scale employment opportunities, thereby contributing to inclusive socio-economic development.
Industry representatives participating in the meeting expressed optimism over Odisha’s growth prospects and appreciated the state’s proactive approach towards industrial development and ease of doing business.
The signing of the seven MoUs is being viewed as a significant milestone in Odisha’s efforts to attract large investments and position itself as a key industrial hub in eastern India.
