Odisha Emerges as Investment Magnet at Utkarsh Odisha Conclave 2025
Key Ideas
- Odisha attracted over Rs 4.5 lakh crore in investment intents on the first day of Utkarsh Odisha: Make-in-Odisha Conclave 2025, surpassing expectations.
- Prime Minister Narendra Modi's encouragement played a vital role in attracting investors to Odisha, positioning the state as a major industrial hub with investments three times more than anticipated.
- Key investments include Adani Group's Rs 2.3 lakh crore proposal, JSW's steel plant in Keonjhar, Vedanta's aluminium refinery, and Jindal Steel and Power's expansion in Angul.
- The conclave featured 30 industry leaders, 28,000 registrations, over 200 exhibitors, and participants from 18 countries, focusing on various sectors like renewable energy, technology, and manufacturing.
Odisha showcased its investment potential at the Utkarsh Odisha Conclave 2025 in Bhubaneswar, attracting significant interest from investors both domestically and globally. Chief Minister Mohan Majhi highlighted the state's attractiveness for industrial development, revealing that Odisha had received investment proposals surpassing Rs 4.5 lakh crore on the first day of the event. This success was attributed to Prime Minister Narendra Modi's support and the state's strategic positioning as a gateway to Southeast Asia. Noteworthy investments included Adani Group's substantial commitment, JSW's steel plant project, Vedanta's plans for an aluminium refinery, and Jindal Steel and Power's expansion initiative. The event, organized in collaboration with CII, witnessed a strong participation of industry leaders, with discussions revolving around renewable energy, technology, and manufacturing sectors. Odisha's focus on renewable energy, particularly with the emphasis on National Green Hydrogen and Solar Power Missions, indicates the state's proactive approach towards sustainable development and innovation.
Topics
Investing
Renewable Energy
Technology
Investment
Manufacturing
Industrial Hub
Investment Proposals
Business Pitch
ASEAN Ties
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