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7 clusters · 29 sources · 37 days · First seen · Last updated
Odisha advances industrial and tourism investment plans
Overview
Odisha Chief Minister Mohan Charan Majhi has concluded a high-level investment outreach mission to the United Arab Emirates, securing investment proposals totaling approximately Rs 2.43 lakh crore (US$25.44 billion). The mission resulted in 24 Memoranda of Understanding (MoUs) and investment intents across sectors including green energy, AI data centers, and logistics. Following these announcements, the administration faced political scrutiny from the Odisha Pradesh Congress Committee, which questioned the credibility of investment claims and requested project-wise disclosure of employment figures.
In September 2026, the state's industrial focus intensified. The High-Level Clearance Authority approved 27 proposals worth approximately Rs 2.47 lakh crore, heavily driven by the technology sector, including major AI-optimised data centre projects in Khordha and Puri. Additionally, participation in the India Chem 2026 conclave secured an additional ₹53,893 crore in proposals, primarily from NLC India Ltd, as the state seeks to transition toward a chemical-based industrial ecosystem.
By October 2026, the state expanded its economic initiatives through significant sectoral developments. At the 7th Odisha Travel Bazaar, the government introduced the Odisha Tourism (Amendment) Policy 2026 and approved a Rs 1,500-crore budget for a 5,500-acre land bank. This policy includes reducing minimum room requirements for star-category hotels and increasing capital subsidy ceilings. To support corporate conventions, the state launched India’s first dedicated MICE (Meetings, Incentives, Conferences, and Exhibitions) Incentive Portal. Furthering industrial growth, Chief Minister Majhi launched 53 industrial projects valued at Rs 39,383 crore across 14 districts, involving companies such as Jindal Stainless and Tata Steel. In Jajpur, the Chief Minister inaugurated Jindal Ferrous Limited’s integrated steel manufacturing facility, a Rs 5,000-crore investment. Alongside these developments, the state signed an MoU with Biju Global University for the ‘Advika’ program and extended the Antyodaya Gruha Yojana housing scheme until 2029.
Entities
Mohan Charan Majhi · Odisha · Odisha government · United Arab Emirates · Adani Group
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] Chief Minister Mohan Charan Majhi instructed industries to prioritize local candidates for technical and non-technical roles.
- [○ 1 SOURCE] Odisha launched 53 industrial projects worth Rs 39,383 crore across 14 districts.
- [○ 1 SOURCE] The projects are expected to create over 42,000 jobs.
- [○ 1 SOURCE] Jindal Stainless and its group companies account for Rs 14,039 crore of the total investment.
- [○ 1 SOURCE] Tata Steel and Neelachal Ispat Nigam Limited (NINL) have expansions in Jajpur worth Rs 9,067 crore.
- [○ 1 SOURCE] Jindal Ferrous Limited inaugurated an integrated steel manufacturing facility in Jajpur with an investment exceeding Rs 5,000 crore.
- [○ 1 SOURCE] The Jindal Ferrous facility has a steelmaking capacity of 2.2 million tonnes per annum and is expected to create over 2,000 jobs.
- [○ 1 SOURCE] Indian Metals and Ferro Alloys (IMFA) opened a new ferrochrome plant at Kalinganagar, completed in 458 days.
Timeline
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[BUSINESS] 8 sourcesOdisha launches 53 industrial projects worth Rs 39,383 crore
Odisha launched 53 industrial projects worth Rs 39,383 crore, expected to create 42,000 jobs. Chief Minister Majhi also extended the Antyodaya Gruha Yojana housing scheme until 2029.
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[BUSINESS] 10 sourcesOdisha launches new tourism policies and MICE portal to attract investment
Odisha has launched new tourism policies and a dedicated MICE incentive portal to attract global investment, reporting Rs 11,509 crore in new hospitality proposals to boost economic growth.
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[BUSINESS] 6 sourcesOdisha approves Rs 2.47 lakh crore in industrial investment proposals
Odisha has approved 27 industrial projects worth Rs 2.47 lakh crore, spanning sectors like AI, data centres, and renewable energy, with an expected creation of over 50,000 jobs.
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[POLITICS] 2 sourcesOdisha political scrutiny rises over CM travel and investment claims
Odisha Chief Minister Mohan Charan Majhi faces scrutiny over 119 air trips via RTI, while the state Congress demands a white paper on the actual investment and employment figures generated since June 2024.
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[BUSINESS] 10 sourcesOdisha secures Rs 2.43 lakh crore in investment proposals from UAE tour
Odisha Chief Minister Mohan Charan Majhi secured Rs 2.43 lakh crore in investment proposals during a UAE mission, targeting sectors like green energy and AI to create over 6 lakh jobs.
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[BUSINESS] 9 sourcesOdisha secures Rs 8,417 crore in investment proposals during UAE visit
Odisha CM Mohan Charan Majhi secured Rs 8,417 crore in investment proposals during a UAE visit, targeting sectors like aluminium, green energy, and IT to create over 14,000 jobs.
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[BUSINESS] 9 sourcesOdisha Chief Minister seeks UAE investment for major industrial projects
Odisha Chief Minister Mohan Charan Majhi is leading a delegation to the UAE to seek major investments in metallurgy, energy, and minerals, targeting projects worth Rs 2.1 lakh crore.
Sources
acvila30.ro · argusnews.in · asianage.com · bizrapidx.com · businessnewsthisweek.com · businessnewsweek.in · deccanchronicle.com · desitalkchicago.com · dharitri.com · dinalipi.com · equitypandit.com · gulfnews.com · indianewsdiary.com · interviewtimes.net · kalingatv.com · latestly.com · newindianexpress.com · news18.com · newsable.asianetnews.com · odishabarta.com · odishabytes.com · odishasambad.in · onlinemediacafe.com · orissapost.com · pragativadi.com · punjabkesari.com · socialnews.xyz · southasiandaily.com · uaenews247.com
This summary has been updated 11 times: see revision history