Bhubaneswar: Odisha’s government, under the leadership of Chief Minister Mohan Charan Majhi, has laid out an ambitious plan to drive industrial growth by attracting investments worth Rs 5 lakh crore over the next five years. This announcement came as CM Majhi embarked on a two-day visit to New Delhi, marking a significant step in the state's quest to become a global investment destination.
The visit centers around the Utkarsh Odisha – Make in Odisha 2025 roadshow, a strategic prelude to the highly anticipated Make in Odisha Conclave, slated to take place next year in Bhubaneswar. The roadshow aims to boost investor confidence, with Majhi set to engage in high-profile discussions with ambassadors from over 30 nations and domestic industry titans.
A Push for Rapid Industrial Growth
Before his departure, CM Majhi emphasized the importance of his visit to the capital, stating, “My mission is to catalyze rapid industrial growth in Odisha. Through this roadshow and the upcoming conclave, we will propel the state to unprecedented heights of industrial excellence. I look forward to one-on-one dialogues with global business leaders, inviting them to our landmark business summit in January 2025.”
Majhi’s administration has already made significant strides in securing investment, having garnered Rs 45,000 crore in just the first 100 days of his term. The chief minister’s optimistic outlook is bolstered by a clear focus on pivotal sectors, positioning Odisha as a leader in industrial innovation.
Targeted Sectors for Investment
Odisha’s growth strategy is centered around key sectors, including:
- Food Processing
- Information Technology (IT)
- Chemicals and Petrochemicals
- Textiles and Apparel
- Renewable Energy
These sectors, Majhi believes, will be instrumental in achieving the Rs 5 lakh crore target.
“With the blessings of Lord Jagannath, I am confident we will meet this goal and set new benchmarks for industrial development in Odisha,” Majhi stated.
Utkarsh Odisha 2025: A Global Conclaves
Scheduled for January 28 and 29, 2025, in Bhubaneswar, the Make in Odisha Conclave 2025 is expected to be a game-changer for the state. The event in New Delhi acts as a curtain raiser, with participation from representatives of 34 nations, including Indonesia, Japan, the USA, UK, Norway, Singapore, Brazil, and China, to name a few. This global outreach highlights Odisha’s growing prominence on the international stage.
Majhi’s New Delhi visit will also witness nine key international associations expressing interest in Odisha, signaling the state’s rising global influence. Industry Minister Sampad Swain, accompanying the chief minister, echoed these sentiments, emphasizing the significance of international collaboration in Odisha’s industrial strategy.
“This roadshow demonstrates Odisha’s forward-looking approach to attracting foreign investments and fostering partnerships that will accelerate the state’s industrial growth.”
Building a Global Business Hub
The Utkarsh Odisha event in New Delhi will culminate in an interactive session where CM Majhi will outline the state’s comprehensive infrastructure development plans, signaling an openness to global collaboration. This is part of a broader vision to establish Odisha as a hub for innovation, business, and sustainable industrial practices.
Strategic Infrastructure Projects
In line with the government’s vision, several key infrastructure projects are already underway to support the industrial expansion. These include:
- Development of greenfield industrial corridors
- Expansion of multi-modal logistics parks
- Upgrading of ports, highways, and industrial zones
This infrastructure boost is expected to enhance Odisha’s appeal as a destination for both domestic and international businesses.
Conclusion: Odisha’s Path to Industrial Excellence
With a clear roadmap and a strong commitment to fostering both domestic and international investment, Odisha is positioning itself as a major player in India’s industrial landscape. Chief Minister Majhi’s bold vision of attracting Rs 5 lakh crore in investment over the next five years is not just an ambitious goal—it is a testament to the state’s growing confidence and its potential as a thriving business hub.
The Make in Odisha Conclave 2025 will serve as a critical platform to showcase the state’s strengths, and with the support of global partners, Odisha is poised to enter a new era of industrial transformation.