3 weeks ago
Odisha secures Rs 41,748 crore food processing investment pledges
Odisha is a big state in India.
It usually makes money from digging minerals out of the ground.
Now its leaders want to make money from food too.
They invited business owners to a special meeting in New Delhi.
The business owners promised to spend lots of money on food factories and food projects in Odisha.
They promised to spend about 41,748 crore rupees.
That is a very, very big amount of money.
These projects could create more than 43,000 new jobs for people.
The leaders hope this helps farmers sell more food and helps everyone earn more money.
The state wants its economy to grow many times bigger by the year 2047.
Odisha secured Rs 41,748 crore in food processing investment commitments from 27 companies at an investors' meet in New Delhi organised with industry body Assocham.
Chief Minister Mohan Charan Majhi first cited MoUs worth Rs 31,648 crore with 22 companies, later updated to Rs 41,748 crore under signed MoUs.
First-day proposals totalled Rs 43,437 crore, including Rs 1,689 crore through 12 investment intent forms, with potential to create 43,316 jobs.
The state aims to diversify beyond mining and minerals, targeting 1 crore non-farm jobs by 2047 and raising seafood exports from about Rs 5,000 crore to Rs 25,000 crore.
Chief Secretary Anu Garg said Odisha's USD 130 billion economy is targeting USD 500 billion by 2036 and USD 1.5 trillion by 2047.
- Who
- Odisha Chief Minister Mohan Charan Majhi, Chief Secretary Anu Garg, Industries Minister Sampad Chandra Swain and 27 companies that signed investment agreements at an event with Assocham.
- What
- Odisha secured Rs 41,748 crore in food processing investment commitments through signed MoUs and investment intent forms.
- Where
- New Delhi, for investments in the eastern Indian state of Odisha.
- When
- Friday, August 7 (2026), announced at an investors' meet.
- Why
- To diversify Odisha's industrial economy beyond mining and minerals, boost farmer incomes and create non-farm jobs.
Key facts
- Total investment commitments
- Rs 41,748 crore from 27 companies
- Signed MoUs
- Initially cited as Rs 31,648 crore with 22 companies; later updated to Rs 41,748 crore
- Investment intent forms
- Rs 1,689 crore from 12 forms
- First-day total proposals
- Rs 43,437 crore
- Potential jobs
- 43,316
- Current state economy
- USD 130 billion
- Economy targets
- USD 500 billion by 2036; USD 1.5 trillion by 2047
- Seafood export target
- Rs 25,000 crore, up from about Rs 5,000 crore
Quotes
State Industries Minister Sampad Chandra Swain
State Industries Minister of Odisha
“"Odisha is positioning itself as a mid‑income, high‑growth state with a current economy of USD 130 billion, targeting USD 500 billion by 2036 and USD 1.5 trillion by 2047."”
theprint.in
“"Odisha ranks among the top five states in Niti Aayog’s investment‑friendliness index, and the government is working to make its business processes more inclusive."”
theprint.in
Sources
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