In a significant boost to Odisha's economy, the state has secured a staggering 145 Memoranda of Understanding (MoUs) under the Odisha Excellence Program, exceeding initial estimates of 100 MoUs. These agreements, signed with prominent industrial companies from India and abroad, are poised to bring in a massive investment of Rs 12 lakh 89 thousand crores.
The MoUs span across various sectors, including:
- Chemicals and Petrochemicals: Attracting significant investments to bolster Odisha's chemical and petrochemical industries.
- Textiles: Enhancing the state's textile sector with new investments and opportunities.
- Mining: Fostering growth in Odisha's mining industry through strategic partnerships.
- Renewable Energy: Promoting sustainable energy solutions and reducing carbon footprint.
- IT and Tourism: Boosting Odisha's IT and tourism sectors with new investments and infrastructure development.
- Food Processing: Enhancing the state's food processing capabilities, creating new opportunities for farmers and entrepreneurs.
These investments are expected to generate over 8.94 lakh employment opportunities, transforming Odisha's socio-economic landscape. The 'Utkarsh Odisha Summit-2025' has played a pivotal role in showcasing Odisha as a prime investment destination, poised to become India's industrial hub.