Odisha has secured investment proposals totalling approximately Rs 67,000 crore during the Odisha Investors’ Meet held in Hyderabad, positioning the state as a prominent growth engine in eastern India. Chief Minister Mohan Charan Majhi addressed industry leaders on the second day of the event, emphasising the state's commitment to transforming investment intentions into concrete economic advancements.

The event witnessed the signing of 13 Memorandums of Understanding (MoUs) with a combined investment potential of Rs 27,650 crore, expected to generate 15,905 direct employment opportunities. Furthermore, additional investment intentions amounting to Rs 39,131 crore were expressed, projected to create over 40,000 jobs across various sectors.

Chief Minister Majhi highlighted Odisha's strategic advantages, including policy stability, competitive operational costs, and an efficient governance structure designed to facilitate business operations. He described the state as a cornerstone of the national Purvodaya vision, underscoring its role in reshaping India's industrial landscape towards the east.

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Majhi drew parallels between Hyderabad's historical growth orientation and Odisha's emerging influence in the eastern region, attributing the state's appeal to lower business costs and streamlined approval processes. These factors, he stated, are instrumental in attracting major investors seeking sustainable expansion opportunities.

In a related development, Telangana Deputy Chief Minister Mallu Bhatti Vikramarka announced that his government will evaluate the feasibility of establishing a thermal power plant at the Naini coal block in Odisha. Discussions on this proposal took place during a meeting with Chief Minister Majhi, with officials tasked to conduct thorough technical and financial assessments.

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