The State Government received a total of 448 investment intention forms, which collectively reflect a substantial investment potential of ₹3.84 lakh crore
OdishaPlus Bureau
On January 28 and 29, approximately 5,000 industry representatives from India and various countries around the world convened for a series of plenary conferences and networking sessions. This significant gathering fostered collaboration across multiple sectors and culminated in the signing of Memoranda of Understanding (MoUs) valued at an impressive ₹16.73 lakh crore. These agreements are strategically aimed at promoting investments in key industries, including chemicals and petrochemicals, textiles, mining and metallurgy, renewable energy, IT/ITeS, tourism, and food processing.
In addition to the MoUs, the State Government received a total of 448 investment intention forms, which collectively reflect a substantial investment potential of ₹3.84 lakh crore. This influx of interest is projected to create approximately 3.92 lakh jobs, as highlighted by Chief Minister Mohan Charan Majhi. The figures underscore the event’s success in attracting significant investment interest and its potential impact on the local economy.
The conclave attracted delegates from over 16 countries, including representatives from key partner nations such as Singapore, Malaysia, and Australia. This international participation not only underscores the global interest in Odisha as a viable investment destination but also enhances the state’s reputation as a burgeoning global investment hub.
Throughout the event, there were extensive discussions focused on various sectors, including textiles and apparel, renewable energy, the availability of skilled labor in Odisha, women entrepreneurship, tourism, the circular economy, agro and food processing, healthcare, pharmaceuticals, and biotechnology, as well as industrial infrastructure. These discussions were aimed at formulating actionable strategies that would facilitate investment and drive growth across these critical sectors.
In addition to the formal sessions, a large number of members of the general public, including students, attended an industrial and start-up expo held on Thursday. Due to the overwhelming interest from both industry professionals and the public, the expo has been extended for an additional day, now running until January 31. This extension reflects the high level of engagement and enthusiasm surrounding the event, further emphasizing the importance of fostering connections between industry leaders and the community.
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