TV
At the ongoing investors' meet in Delhi, Odisha inked 13 Memoranda of Understanding (MoUs) on Tuesday, including one with the Indian Oil Corporation Limited (IOCL), which operates under the Ministry of Petroleum.
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Proposals from 11 more companies were submitted the previous day, showcasing significant interest from potential investors.
Chief Minister Mohan Charan Majhi was present on the occasion and MoUs were signed with representatives from the respective companies.
Commitment of Odisha govt to investors
In a gesture to expedite the industrial developments, the State government has vowed to allocate land swiftly, setting timelines of 30 acres in 30 days, 50 acres in 50 days, and 100 acres in 100 days for industries initiating operations in Odisha.
The projected investment is expected to catalyse industrial growth in the State. As economic activity swells, job creation is anticipated to exceed 21,000 positions.
Continued positive momentum is evident with the signing of additional MoUs, signalling an optimistic trajectory for economic advancement in Odisha during the Investors’ Meet.
“Odisha government signed a total of 13 MoUs today. Several companies inked agreements to invest. As per our target and based on the 145 investment proposals received during Utkarsh Odisha: Make-in-Odisha Conclave 2025 held in Bhubaneswar on January 28-29, the 13 MoUs were signed,” the CM stated.
Financial experts are quite optimistic about securing significant investment pledges from prominent business leaders from across the country, as conditions appear favourable.
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While Odisha is endowed with mineral wealth, it has previously encountered issues with timely land allocation and bureaucratic hurdles. However, since the advent of the 'double-engine' government, there has been a noticeable increase in the interest in state-level investments.
