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Odisha Secures Rs 5,600 Crore Dubai Investment MoUs
Odisha went to Dubai to attract companies and investment.
During the visit, five investment agreements worth Rs 5,600 crore were signed.
These projects could create about 11,500 jobs.
Companies also showed interest in investing another Rs 2,817 crore.
These additional proposals could create 2,810 more jobs, but they are not yet signed agreements.
The possible projects include technology, manufacturing, food processing, transport and recycling.
Chief Minister Mohan Charan Majhi met UAE officials and business representatives.
He encouraged UAE-based companies to explore business opportunities in Odisha.
Odisha signed five MoUs in Dubai worth Rs 5,600 crore, with potential to create 11,500 jobs.
The state received eight Investment Intents proposing Rs 2,817 crore more investment and 2,810 jobs.
Together, the MoUs and intents represent potential investment of Rs 8,417 crore and 14,310 jobs.
The proposals span IT, real estate, logistics, food processing, metals, rare earths, chemicals and the circular economy.
Chief Minister Mohan Charan Majhi invited UAE businesses to invest in Odisha and held meetings with officials, investors and industry groups.
- Who
- The Odisha government, led by Chief Minister Mohan Charan Majhi, and prospective investors and UAE business representatives.
- What
- Odisha signed five MoUs worth Rs 5,600 crore and received eight Investment Intents worth a proposed Rs 2,817 crore.
- Where
- Dubai, United Arab Emirates, with projects proposed for Odisha.
- When
- Thursday; the article does not specify the date.
- Why
- To strengthen Odisha’s economic and investment ties with the UAE and attract investment into the state.
Key facts
- Signed MoUs
- Five agreements worth Rs 5,600 crore
- MoU employment potential
- 11,500 jobs
- Investment Intents
- Eight proposals worth Rs 2,817 crore
- Intent employment potential
- 2,810 jobs
- Combined potential
- Rs 8,417 crore and 14,310 jobs
- Sectors covered
- IT and IT-enabled services, real estate, logistics, food and agro-processing, metals, rare earths, chemicals, aluminium and the circular economy
- Investment location
- Dubai, United Arab Emirates
Sources
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