In a historic feat, Odisha has obtained investment proposals of Rs 30,595 crore in the first day of Chief Minister Mohan Charan Majhi's strategic tour of New Delhi. This historic achievement is set to revolutionize Odisha's industrial sector and generate huge employment opportunities.
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Investment Breakdown: The state attracted investment proposals from 14 firms worth Rs 3,000 crore, which are likely to create 21,390 jobs. Moreover, 11 Memoranda of Understanding (MoUs) worth Rs 27,595 crore were signed, which are likely to provide 27,000 job opportunities.
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Sector Focus: The investments are focused on strengthening sectors like petrochemicals, IT, manufacturing, and renewable energy, making Odisha a prominent industrial hub in eastern India.
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High-Profile Meetings: CM Majhi had meetings with industry captains such as Roshni Nadar Malhotra of HCL Technologies to discuss cooperation in IT and ITeS segments.
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Future Plans: The second day of the visit comprised important MoUs with Indian Oil Corporation Ltd (IOCL) for a dual-feed naphtha cracker project, further boosting Odisha's petrochemical strengths.
This considerable investment inflow reflects Odisha's increasing popularity as a site for large industrial projects, reflecting the government's vision to boost economic development and employment generation.
Sources: The Times of India, Odisha Bytes, The Hans India