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Odisha is poised to witness a significant economic boost as the second day of the 'Utkarsh Odisha' event unfolds. As per Odisha government, around 30 Memorandum of Understandings (MoUs) are ready for signing, paving the way for investment proposals totalling Rs 3 lakh crore.
This momentous occasion will be officiated by the Chief Minister, as confirmed by Industry Secretary Hemant Sharma on Wednesday.
On the opening day of the Utkarsh Odisha conclave, Odisha registered investment proposals totalling nearly Rs 4.5 lakh crore. Prime Minister Narendra Modi had inaugurated the Utkarsh Odisha Conclave in Bhubaneswar on Tuesday.
Also Read: Utkarsh Odisha Conclave: Key highlights of PM Narendra Modi’s inaugural address
Key Investment Sectors On Day 2
The MoUs, covering various sectors such as energy, food processing, and tourism, are expected to spur economic growth in the state. These agreements indicate strong investor confidence and a promising economic trajectory for Odisha.
Ceremony Details
The signing ceremony, a highlight of 'Utkarsh Odisha', is expected to see participation from several key industry players. The event aims to showcase Odisha's potential as a prime destination for investment, underlined by the substantial investments being put forth.
Also Read: Rs 4.5L Cr investment proposals on Utkarsh Odisha Conclave Day 1: Who’s investing how much
Industry Secretary Hemant Sharma expressed optimism about the event's impact, stating, 'This vast pool of investments will significantly bolster the industrial landscape of Odisha.
Economic Implications
The advancements heralded by these MoUs could lead to significant job creation and infrastructural development. As Odisha continues to position itself as a beacon of industry and enterprise, the successful conclusion of these agreements marks a pivotal step towards achieving long-term economic growth.
