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Odisha receives great investment intentions on the opening day of Utkarsh Odisha

Odisha receives great investment intentions on the opening day of Utkarsh Odisha

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Odisha Mohan Charan Majhi Prime Minister gives a photography pose along with all investors in Utkarsh Odisha Make in Odisha Conconclave 2025 inaugural day in Janata Maidan in Bhubaneswar. | Photo credit: biseranjan rout

Utkarsh Odisha’s conclave in Odisha ongo of business. summit.

The investment fever was directed by Adani Group, who promised to invest ₹ 2.28 Lakh million rupees in the next five years in the energy, cement sectors, industrial parks, aluminum and municipal gas, said Hemant Sharma, secretary of Industrias State. More than 100 investment attempts were presented by industrial houses during their state leadership led by Prime Minister Mohan Charan Majhi.

Although the State Industry Department was in the process of compiling investment figures, large ticket projects could involve a combined investment by value of ₹ 5 Lakh Crore. Karan Adani met Odisha CM and discussed investment proposals.

Vedanta Limited signed a memorandum of understanding (Mou) that indicates investing ₹ 1 Lakh Crore. The Mou was signed in the presence of Odisha CM and the president of Vedanta Limited, Anil Agawal, president. The collaboration includes the development of an aluminum plant of 3 million tons per year (MTPA) and an aluminum park that is ready to emerge as an important center for subsequent producers of aluminum products.

JSW Group, led by Sajjan Jindal, has signed different Mous announcing an investment of ₹ 75,000 million rupees in the next five years. Mr. Jindal, who met Odisha CM, announced to establish a Greenfield steel project with an estimated capacity of ₹ 35,000 million rupees in Keonjhar, the district of origin of Mr. Majhi.

Similarly, Jindal Steel and Power Limited (JSPL) has announced to invest $ 70,000 million additional rupees in Odisha. The announcement was made by Naveen Jindal, president of JSPL during the Utkarsh Odisha conclave.

“Under the visionary leadership and the orientation of Prime Minister Narendra Modi, Odisha is ready to claim his legitimate place under the sun. We realize that more than two dozen states in the country compete to attract investments, which is excellent for the Indian economy. We are totally oriented to walk an additional mile to make their lives a little easier with decisions such as the authorization of a single window, eliminating unnecessary and avoidable documentation. The government is ready to walk three steps, if you choose to walk half step, ”Majhi told investors.

“Odisha has always been an integral part of Vedanta’s growth history, and its resources have played an indelible role in the rise of India. This Mou represents a significant step to boost large -scale industrialization and socioeconomic development in the state, and a reiteration of our commitment to its progress, “said Agwal.

TV Narendran, CEO and managing director, Tata Steel, said: “In the last decade, Tata Steel has generated around 10 billion dollars of investment in Odisha. Not only have we built a new steel plant from zero in

Kalinganagar, but also acquired and turned active as Nelachal ispat and Bhushan Steel, which contribute to our capacity of 11 million tons in the state. We hope to add another 10 million tons in the next decade. ”

Kumar Mangalam Birla, president of Aditya Birla Group, also announced an investment for a sum of ₹ 70,000 million rupees in Odisha in the diverse sector.

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