Viksit Odisha / India Chem 2026: Odisha Attracts Rs 53,893-Crore Chemical Investment Proposals

Bhubaneswar, Oct 23: Odisha has secured investment proposals worth Rs 53,893.51 crore during the two-day India Chem 2026 conclave in Mumbai, with the projects expected to generate employment opportunities for 20,210 people, Chief Minister Mohan Charan Majhi said on Friday.

The Chief Minister, who led the ‘Team Odisha’ delegation, returned to Bhubaneswar after attending the chemical and petrochemical event on October 22 and 23. He said nine Memoranda of Understanding (MoUs) and four investment intents were signed during the visit.

#WATCH | Bhubaneswar, Odisha: CM Mohan Charan Majhi was welcomed by senior party leaders upon his arrival at Bhubaneswar Airport, after attending the two-day India Chem 2026 event in Mumbai Odisha CM Mohan Charan Majhi said, "At the India Chem 2026 summit held in Mumbai on October 22 and 23, I had the opportunity to hold detailed discussions with leading industrialists and CEOs from the chemicals and petrochemicals sector. We discussed investment opportunities in Odisha, particularly the development of downstream industries linked to the chemicals and petrochemicals sectors. Representatives from several companies in the United States and Europe, including Germany, participated in the discussions. We held one-on-one meetings with representatives of 25 companies and signed Memorandums of Understanding (MoUs) with nine companies, along with an investment intent document with one company. These engagements have opened up investment opportunities worth ₹54,000 crore in Odisha, with the potential to generate more than 20,000 jobs..." (ANI)

— Argus News (@ArgusNews_in) October 23, 2026

Major proposals

The largest commitment came from NLC India Ltd, a Navratna Central Public Sector Enterprise under the Ministry of Coal. The Odisha government signed an MoU with the company for a proposed investment of Rs 36,763.51 crore in the chemicals and energy sectors.

The delegation also held 25 one-to-one meetings with business leaders on the sidelines of the conclave. Discussions were held with representatives of POSCO India, JSW and L&T, besides companies from the United States and the European Union.

Majhi said the interactions helped prospective investors understand Odisha’s investment facilities and opportunities. He expressed gratitude to Union Chemicals and Fertilisers Minister J.P. Nadda for facilitating discussions with companies.

Odisha Chem 2027

The Chief Minister said he discussed with the Central government and FICCI the possibility of hosting the next edition of the conference in Odisha. Both have agreed, and ‘Odisha Chem 2027’ is scheduled to be held in October next year.
Also Read: CM Mohan Majhi to Pitch Odisha as Investment Hub at India Chem 2026

Majhi said the conference would help Odisha diversify from a metal-based economy to a chemical-based economy. He said the State aims to develop an integrated industrial ecosystem covering metals, metal downstream industries, chemicals, petrochemicals and plastics.

According to the Chief Minister, the initiative would strengthen Odisha’s role in building an Atmanirbhar Bharat and position the State as a major destination for chemical and petrochemical investments.