Odisha Government Secures ₹16.73 Lakh Crore in Investments at Utkarsh Odisha 2025
Odisha’s flagship investment summit, Utkarsh Odisha-Make in Odisha Conclave 2025, has proven to be a massive success, attracting investment commitments worth a staggering ₹16.73 lakh crore. The event, held on January 28-29, 2025, marked a significant milestone for the state as it positioned itself as a global hub for investments across multiple sectors.
The conclave, which saw a participation of over 5,000 industry representatives from across India and abroad, was a testament to Odisha’s growing appeal as a prime investment destination. The investment commitments span key industries, including chemicals and petrochemicals, textiles, mining and metallurgy, renewable energy, IT/ITeS, tourism, and food processing, all of which are expected to contribute significantly to the state’s industrial growth.
The event led to the signing of numerous Memorandums of Understanding (MoUs) with national and international investors, further cementing the state’s economic potential. Chief Minister Mohan Charan Majhi announced that the government had also received 448 investment intention forms worth ₹3.84 lakh crore, with the potential to generate nearly 4 lakh jobs across various sectors. One of the highlights of the event was the participation of delegates from over 16 countries, including Singapore, Malaysia, and Australia. These international collaborations underscore Odisha’s increasing importance on the global investment map. The state has clearly positioned itself as a strong contender for future industrial development, thanks to its conducive business environment and proactive investment policies.
The conclave also focused on sector-specific discussions, with sessions dedicated to textiles, renewable energy, women entrepreneurship, industrial infrastructure, tourism, and healthcare. These sessions provided valuable insights into the business landscape and highlighted Odisha’s readiness to host and support industries in these sectors. For instance, the renewable energy sector received significant attention, aligning with the global shift towards sustainability. Odisha’s commitment to promoting green energy solutions has resonated well with international investors, positioning the state as an attractive destination for clean energy projects. The textile industry, another key focus, stands to benefit greatly from the state’s strong infrastructure and skilled workforce, promising significant opportunities for growth.
The MoUs signed during the event promise to create around 3.92 lakh jobs, further solidifying Odisha’s ambitions to become an economic powerhouse in the region. These jobs will span across various industries, from manufacturing to services, offering diverse employment opportunities for the local population. Additionally, a start-up and industrial expo was organised, which drew considerable interest from students, professionals, and entrepreneurs alike. The Chief Minister extended the expo until January 31, 2025, to accommodate the growing number of visitors eager to explore the business opportunities that Odisha has to offer.
The sentiment surrounding the conclave has been overwhelmingly positive. Investors are keen to tap into Odisha’s vast potential, while local businesses and startups are excited about the opportunities for growth and collaboration. For the people of Odisha, these developments represent not only a brighter economic future but also a chance for the state to evolve into a key player in India’s industrial landscape. As the dust settles on this landmark event, the commitment shown by both government officials and industry leaders to fast-track these projects will be crucial in ensuring the long-term success of these initiatives. The next few years will be critical as the state moves forward with its investment plans and works to transform its economy. The Utkarsh Odisha-Make in Odisha Conclave 2025 has set the stage for a transformative period for the state, with ₹16.73 lakh crore worth of investments secured in key sectors. With an emphasis on sustainability, innovation, and job creation, Odisha’s future looks promising, and the state’s government is determined to follow through on its ambitious vision for industrial growth. As the plans take shape, Odisha’s role in India’s economic development is poised to expand significantly.
