Bhubaneswar: In what could be viewed as a major push to boost industrial investment in the region, Memoranda of Understanding (MoUs) were signed on Friday with a total investment potential of Rs 24,823 crore at the CII East India Summit 2026 held in Bhubaneswar.
This is expected to generate approximately 29,487 employment opportunities in Odisha. The move could further strengthen Odisha’s position as a premier investment destination.
The agreements were signed with several companies during the Summit. The participating companies included Mascot Textiles, Hebe Steel, Nandaraj, K Urja, CESC Green Energy, Singhal Steel & Power, and Shyam Metallics.
Chief Minister Mohan Charan Majhi, while joining the event, unveiled the ‘Go East’ platform at the summit, describing it as a landmark initiative aimed at accelerating industrial growth across Eastern India and positioning Odisha as a leading investment destination in the region.
In a post on X, he also announced key reforms in the state’s industrial policy, including granting ‘Thrust Sector’ status to 15 districts to promote non-mineral industries and ensure balanced regional development.
The CM also said Odisha is not only attracting investments but also ensuring their timely execution. He said the state remains committed to offering investors opportunity, speed, security, and seamless support through the ‘Go East’ platform.
He added that Odisha is working to emerge as a growth engine of Eastern India under the Purvodaya vision and is focused on building an ecosystem for investment, innovation, and value-added manufacturing.
Minister of State (Independent Charge) for Industries, Skill Development, and Technical Education, Sampad Swain, also addressed the summit.
In a post on X, he said Odisha is emerging as a preferred destination for investment and industrial expansion under the leadership of the PM and CM.
He said the state is strengthening regional collaboration across Eastern and North-Eastern India and urged CII to partner in identifying sector-specific anchor investments, linking large industries with MSMEs, and skilling youth for future employment needs.
The CM and the industries minister also held one-on-one meetings with representatives of the seven companies to discuss investment opportunities and project implementation.
Officials said Odisha is focusing not only on attracting investments but also on ensuring faster execution through reforms, quicker clearances, and industry-friendly governance.
