Odisha Secures Rs 70,000 Cr Investment Proposals, Signs Major MoUs In Hyderabad

Odisha reported fresh investment interest exceeding Rs 70,000 crore after a high-level investors' meet in Hyderabad, underscoring growing attention on the state's industrial plans. Chief Minister Mohan Charan Majhi led the delegation, which targeted sectors such as pharmaceuticals, metals, energy, automotive components, precision manufacturing, and digital infrastructure.

The Hyderabad visit forms part of a two-day investment roadshow designed to showcase Odisha's industrial strengths to national and global companies. The state government used the platform to highlight policy changes, new sectoral incentives, and planned infrastructure support aimed at attracting long-term capital and jobs.

Odisha industrial investment roadshow details and first-day outcomes

On the first day of the Hyderabad tour, held on Thursday, Majhi held one-to-one meetings with senior leaders from major firms. These discussions covered pharmaceuticals, medical devices, green energy, textiles, food processing, engineering goods, automotive components, and capital equipment manufacturing, signalling a broad sectoral pitch to investors.

During Thursday's engagements, Odisha received investment intentions worth about Rs 19,500 crore, which officials said could create employment for around 7,500 persons. Alongside these intents, seven Memoranda of Understanding were signed, covering planned investments of Rs 19,200 crore and nearly 12,700 jobs across multiple priority sectors.

Odisha industrial investment commitments and key MoUs in Hyderabad

Since Thursday evening, the state government recorded investment intents totalling Rs 70,000, according to Majhi, in addition to several MoUs for ventures in focus industries. These agreements cover rare earth minerals, defence production, information technology, digital infrastructure, and other areas aligned with Odisha's industrial policy priorities.

In the rare earth and defence segment, MoUs include projects for rare earth mineral processing and defence manufacturing facilities. Officials said these initiatives aim to tap Odisha's resource base while building advanced supply chains, linking local production clusters with domestic and international markets over the coming years.

Odisha industrial investment push in IT, pharma and digital infrastructure

A major agreement in IT and digital infrastructure came through a Rs 2,600 crore MoU with Shreetech Data Limited. The company plans an underwater cable landing system and a hyperscale data centre on India's east coast, described as the first project of this type in the region.

Pharmaceuticals and life sciences also drew strong attention at the Odisha Investors' Meet. Industry representatives welcomed the state's new Pharmaceutical Policy and discussed opportunities in specialised Medical Devices Parks. Officials said participants showed interest in helping Odisha grow into a major pharma and medical devices hub.

Throughout the Hyderabad roadshow, Chief Minister Majhi and Industries Minister Sampad Swain held more than 25 high-level meetings with corporate leaders. These talks involved companies from metals, energy, automotive, precision manufacturing, pharmaceuticals, and digital sectors, with the government stressing quick clearances and policy clarity to convert interest into projects.

Majhi told reporters that Odisha is entering a "Golden Period" of industrialisation and cited "Modi's Guarantee" as central to investor confidence. "The overwhelming response from Hyderabad reflects the growing global confidence in Odisha's industrial direction," Majhi said, adding that the administration wants a future-ready ecosystem and responsive governance framework.

Reinforcing this message, Majhi stated, "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. Majhi added that the Hyderabad roadshow gives a platform to align industry expectations with Odisha's development goals and push investment proposals towards timely, concrete outcomes.