Odisha has secured a significant economic boost with the signing of 54 MoUs during the Utkarsh Odisha: Make-in-Odisha Conclave 2025. The proposed investments, totaling 5 INR Lakh-Crore, promise to transform the state into a major industrial hub.
Among the notable investors, the Adani Group committed a staggering 2.28 INR Lakh-Crore. The group plans to invest in sectors such as cement, power, alumina, smelter, and industrial parks.
JSW Group also committed 75,000 INR-Crore, including a joint venture with Korean steelmaker Posco to set up a 5 Million Tonne Per Annum (MTPA) steel plant in Keonjhar district, with an investment of 35,000 INR-Crore.
Also Read: India’s Industrial Landscape in Q3 FY 2024-25: A Zone-wise Analysis
Meanwhile, the Vedanta Group pledged 1 INR Lakh-Crore for a 3 MTPA aluminum plant and an aluminum park. The Indian Oil Corporation joined the list with a MoU worth 70,000 INR-Crore. This includes a 61,000 INR-Crore naphtha cracker project in Paradip and a yarn manufacturing project in Bhadrak.
Furthermore, Odisha’s strategic location, abundant natural resources, and skilled workforce have made it an attractive destination for investors. The state government is also investing in infrastructure development to support these projects, ensuring seamless implementation and sustained growth. The successful signing of these MoUs marks a significant milestone in the economic development of Odisha.
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