Hyderabad: In a major boost to Odisha’s journey in industrial sector, the state government has generated a massive investment intent of over Rs 70,000 crore during the high-profile investors’ meet held in Hyderabad.
Chief Minister Mohan Charan Majhi led key engagements at the Odisha Investors’ Meet, holding a roundtable with industry leaders from key sectors, including pharmaceuticals and life sciences sector, metals and energy, automotive, and precision manufacturing field.
During the roadshow, CM Majhi and Industries Minister Sampad Swain held over 25 high-level meetings with industry captains.
Officials said that participants welcomed the new Pharma Policy and expressed strong interest in partnering with Odisha’s journey to become a major pharma hub. Discussions focused on the newly notified Pharmaceutical Policy and the development of specialised Medical Devices Parks.
Several Memoranda of Understanding (MoUs) were signed in important sectors during the investors’ meet. In rare earth and defence sector, MoUs were signed for rare earth mineral processing and defence production.
In IT & Digital Infrastructure, a landmark MoU worth Rs 2,600 crore was signed with Shreetech Data Limited for an underwater cable landing system and a hyperscale data centre, the first of its kind on India’s east coast.
Addressing the media, the Chief Minister emphasised that Odisha is entering a “Golden Period” of industrialisation. He cited “Modi’s Guarantee” as a cornerst
one for investor confidence, promising a future-ready ecosystem, policy clarity, and responsive governance.
“The overwhelming response from Hyderabad reflects the growing global confidence in Odisha’s industrial direction,” Majhi said.
Since Thursday evening, investment intents to the tune of Rs 70,000 have been received by the state government during the roadshow, while a host of MoUs have also been signed for setting up of ventures in priority sectors, the CM stated.
Notably, the Chief Minister is leading a two-day investment roadshow in Hyderabad to deepen industry partnerships and present the state’s expanding industrial capabilities to national and global investors.
During the first day of the visit on Thursday, the Chief Minister held one-to-one interactions with senior leadership from leading companies across priority sectors including pharmaceuticals, medical devices, green energy, textiles, food processing, engineering goods, automotive components, and capital equipment manufacturing.
On the opening day, investment intentions amounting to approximately Rs 19,500 crore, with an employment potential of around 7,500 persons, were received. Further strengthening these engagements, seven MoUs were signed, involving investments worth Rs 19,200 crore and generating employment opportunities for nearly 12,700 people.
“The response from industry during today’s engagements clearly reflects the growing confidence in Odisha’s industrial direction. Our focus is on building long-term partnerships through policy clarity, responsive governance, and a future-ready ecosystem that enables innovation, job creation, and sustainable growth,” CM Majhi said.
The roadshow, he said, provides an important platform to align industry aspirations with the state’s development priorities and to ensure that investment proposals translate into timely and meaningful outcomes.