54 MoUs Already Signed At Utkarsh Odisha, Adani Group Pledges 2.28 Lakh Cr: Industries Secy Hemant Sharma

Bhubaneswar: While 54 MoUs have already been signed, we are expecting to take the count to about 80 in the next 2-3 hours,” Industries Secretary Hemant Sharma told the media at Utkarsh Odisha, Make In Odisha Conclave on Tuesday.

Speaking to reporters, he said that some of these MoUs were already prepared. “The others will be signed during the CEO Roundtable to be attended by Chief Minister Mohan Majhi. It will not be physically possible to exchange all 54 MoUs, so the companies will make their announcements,” he said.

The speech of Prime Minister Narendra Modi during the inauguration in which he reiterating the words of the CM and said that this is the right time to invest in Odisha, has provided the necessary impetus to it with more companies expressing interest to invest in the state under “Modi ki Guarantee” to touch the epitome of business success.

Sharma informed that Naveen Jindal had announced that JSPL would invest Rs 70,000 crore earlier in the day. “The latest being 2.28 lakh crore to be investment by Adani Group in state in cement, power, alumina, smelter, energy and industrial parks. This is highest among the 54 MoUs signed today. Sajjan Jindal’s JSW Group have also signed MoU to set up 5 mtpa steel plant in Keonjhar district with an investment of ₹35, 000-crore in presence of the CM,” he said, adding that government is hopeful of attracting investments worth Rs 5 lakh crore during this conclave being attended by captains of Indian industries, envoys and business delegations from over 16 countries.

With this summit, the state is also looking at foreign investments, beyond mining sector, across employment-intensive sectors like textiles and apparel, IT/ITeS, shipbuilding and repair chemicals and petrochemicals, as well as new-age sectors like green fuels, green energy equipment manufacturing, electronics manufacturing, and data centres to establish Odisha among India’s top five economies.