3 weeks ago

Odisha's Delhi outreach nets Rs 66,392 crore investment proposals: Majhi

Odisha's Delhi outreach nets Rs 66,392 crore investment proposals: Majhi
Odisha secures Rs 66,392 crore investment proposals during Delhi outreach · thehansindia.com

The state government of Odisha, which is a state in India, went to New Delhi, the capital city of India, for a two-day trip to meet business leaders.

They wanted to invite companies to build factories and offices in Odisha.

Companies said they would invest a huge amount of money—about 66,392 crore rupees—which is an extremely big number.

This money could help create more than 54,000 jobs for people in Odisha.

The government signed 38 special agreements with companies for projects worth almost 65,000 crore rupees.

The Chief Minister also visited a factory that makes electronic products to learn about modern manufacturing.

The government says this shows companies trust Odisha and want to grow there.

But some people from the opposition party say that promises don't always turn into real projects.

They said that earlier a company promised a big investment but left, and that very little foreign money actually came to Odisha last year.

So while leaders are happy about the new promises, others want to see real results.

Key facts

Total investment proposals
Rs 66,392 crore
MoUs signed
38 (worth Rs 64,703 crore; potential employment 46,071)
Investment Intention Forms
Rs 1,689 crore (potential employment 8,064)
Potential jobs
54,135
Location
New Delhi (plus Haier facility visit in Noida)
Duration
2 days
Sector roundtables
Engineering goods, textiles and apparel, aluminium ancillary and downstream
Odisha FDI 2024-25 (BJD claim)
Rs 39 crore (0.009% of India's total FDI)

Quotes

Industries Minister Sampad Chandra Swain

Industries Minister of Odisha

““Odisha is building an ecosystem where industries can grow, create jobs and build long‑term value. Our focus is not only on attracting investment, but also on creating employment, strengthening local supply chains and opening new opportunities for the youth of Odisha. We want investors to see Odisha as a reliable and long‑term partner for growth.””
theprint.in thehansindia.com
“"Our priority is to facilitate investors, strengthen sector‑specific value chains and create more employment opportunities for the people of Odisha. We are working to ensure that the investment interest generated through these engagements is converted into projects on the ground and contributes to the state’s long‑term industrial growth."”
theprint.in

Sources

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