Odisha Secures Nearly ₹1 Lakh Crore Investment Intent at Kolkata Investors’ Summit

By Admin

19 Jan, 2026

Strong Investment Momentum

Odisha has attracted investment intents worth nearly ₹1 lakh crore during a two-day investors’ summit held in Kolkata. Government officials confirmed that the summit resulted in significant commitments across multiple sectors, reinforcing Odisha’s growing appeal as an industrial and manufacturing destination in eastern India.

A total of 27 memoranda of understanding (MoUs) were signed with an investment potential of ₹81,864 crore, expected to generate over 63,161 jobs. Additionally, 19 investment proposals worth ₹18,453 crore were received, with the potential to create more than 27,591 employment opportunities, highlighting strong industry confidence in the state.

Vision for Eastern India

Addressing the Odisha Investors’ Meet Roadshow, Chief Minister Mohan Charan Majhi stated that eastern India is decisively moving from “potential to performance.” He emphasised that Odisha is prepared to co-anchor the next phase of industrial growth under the Purvodaya vision, focusing on collaboration rather than competition among eastern states.

According to the chief minister, states in the region will complement each other’s strengths to build a robust and integrated eastern industrial corridor, creating long-term economic value and shared prosperity.

From Resources to Value Addition

The chief minister highlighted that Odisha is financially strong and economically secure, undergoing a rapid transition from a resource-based economy to a value-addition and advanced manufacturing hub. This transformation is being driven by speed, scale, and sustainability, aligning with global manufacturing and green growth trends.

Odisha’s strategic coastline was underlined as a major advantage, with the ports of Paradip, Dhamra, and Gopalpur serving as key enablers of port-led industrialisation for eastern and central India. These ports enhance logistics efficiency and support large-scale industrial expansion.

Sectoral Engagement and Industry Response

The roadshow featured around 130 high-level one-on-one meetings and four focused sectoral roundtables. The hosiery, apparel accessories, and technical textiles roundtable saw participation from representatives of 18 companies, while 22 companies joined discussions on metal ancillary, downstream, and engineering goods sectors.

Officials revealed that the highest investment proposals were received in the steel sector, amounting to ₹28,000 crore, followed closely by renewable energy with proposals worth ₹27,000 crore. MoUs were also signed in defence manufacturing with an investment potential of ₹1,000 crore and in rare earth mineral processing valued at ₹2,400 crore.

Focus on Execution and Long-Term Growth

Emphasising that MoU signings are only the beginning, the chief minister noted that true success will be measured by execution on the ground. He outlined a clear roadmap for Samruddha Odisha by 2036 and invited industries, especially from West Bengal, Jharkhand, and the northeastern states, to expand and grow alongside Odisha.

With strong policy support, strategic infrastructure, and rising investor confidence, Odisha is positioning itself as a key driver of industrial growth and employment generation in eastern India.