Hyderabad, Dec 19: Odisha Chief Minister Mohan Charan Majhi on Friday addressed industry leaders at the Odisha Investors’ Meet in Hyderabad, highlighting the state’s policy stability, competitive cost structure, and facilitative governance as key drivers of industrial growth.

The event witnessed strong participation from over 500 delegates representing leading business associations and companies across diverse sectors. The meet generated investment potential worth Rs67,000 crore, with employment opportunities for more than 56,000 people, underscoring Odisha’s emergence as a future-ready industrial hub.

MoUs and Potential Investment

A total of 13 Memoranda of Understanding (MoUs) were signed, amounting to Rs 27,650 crore. In addition, investment intentions worth Rs 39,131 crore were announced, reflecting confidence in Odisha’s industrial policies and infrastructure.

Sectoral Interest

Industry leaders expressed keen interest in sectors such as pharmaceuticals, medical devices, renewable energy, electronics, information technology, textiles, and advanced manufacturing. The state government emphasised its commitment to fostering a diversified and partnership-driven economy, with a focus on sustainable and inclusive growth.

Odisha’s Industrial Vision

Chief Minister Majhi reiterated that Odisha is steadily shaping a future-ready industrial economy by encouraging innovation, strengthening infrastructure, and ensuring ease of doing business. He noted that the government’s proactive approach has positioned the state as a competitive destination for both domestic and global investors.

Officials from the Higher Education and Industries departments also highlighted the state’s efforts to align skill development with emerging industrial needs, ensuring that the workforce is prepared to meet future challenges.

The Hyderabad meet is part of Odisha’s broader strategy to attract investments ahead of the Make in Odisha Conclave, with the government aiming to consolidate its position as a leading investment destination in eastern India.