Odisha CM Mohan Majhi secures nearly ₹1 lakh crore investment at Kolkata roadshow, boosting jobs, manufacturing, infrastructure and the State’s Vision 2036
OdishaPlus Bureau
Odisha’s aspiration to become the industrial growth engine of eastern India has gained significant momentum as Chief Minister Mohan Majhi secured investment pledges totaling nearly Rs 1 lakh crore during a prominent investors’ roadshow in Kolkata. This development greatly enhances the State’s Purvodaya vision and its long-term development strategy. The anticipated investments encompass manufacturing, infrastructure, metals, logistics, and related sectors, and are projected to create approximately 90,000 jobs. These commitments are regarded as a crucial step towards realizing Odisha’s Vision 2036 and contributing to the national objective of Viksit Bharat 2047.
Additionally, during the Odisha Investors’ Meet Roadshow held at ITC Sonar, Majhi addressed industry leaders, emphasizing the need for collaborative regional growth. He stated that Odisha aims to establish a complementary industrial ecosystem in eastern India rather than engage in competition with neighboring states. He underscored the significance of utilizing shared regional strengths to create a robust eastern economic corridor. “Odisha today is financially robust and economically secure. We are decisively transitioning from a resource-dependent economy to one that emphasizes value addition, advanced manufacturing, and sustainable industrialization,” the Chief Minister remarked, highlighting the State’s commitment to speed, scale, and policy stability.
Moreover, Majhi pointed out Odisha’s strategic advantage as a maritime state with an extensive coastline and major ports at Paradip, Dhamra, and Gopalpur, positioning it as a natural hub for port-led industrialization that serves both eastern and central India.
The Kolkata roadshow included 130 individual meetings with prominent corporate leaders and four sector-specific roundtables. In total, 27 Memoranda of Understanding were executed, indicating a collective investment potential of Rs 81,864 crore and job opportunities for over 63,000 individuals. Furthermore, 19 investment intent proposals amounting to Rs 18,453 crore were received, which could lead to the creation of more than 27,500 jobs.
The Kolkata outreach was preceded by a similar investor mobilization initiative in Hyderabad on December 19 of the previous year, where Majhi promoted Odisha as a favored destination for manufacturing, electronics, green energy, and technology-driven investments. The Hyderabad roadshow resulted in investment commitments totaling Rs 66,781 crore, with the potential to create approximately 56,340 jobs. During that event, 13 MoUs were signed, attracting Rs 27,650 crore in investments and generating 15,905 employment opportunities, while nine Investment Intention Filings suggested additional potential investments exceeding Rs 39,131 crore.
The consecutive roadshows underscore the State government’s proactive national outreach strategy aimed at diversifying Odisha’s industrial base beyond mining and metals. Over 500 industry leaders, representatives from business associations, and institutional stakeholders took part in the Kolkata meeting, demonstrating increasing investor confidence in Odisha’s governance reforms, infrastructure readiness, and ease-of-doing-business initiatives. Through ongoing engagement across key economic centers, Odisha seeks to transform investment intent into actionable execution and firmly establish itself in India’s forthcoming phase of industrial growth.