[REVISION HISTORY]

Odisha advances industrial and tourism investment plans

Updated 11 times since CLSTR started tracking revisions of this situation.

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2026-10-23 16:52 UTC → 2026-10-24 10:02 UTC · added ~~removed~~

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.

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