BHUBANESWAR : The state government has spent around Rs 105 crore in the last two years for different investor meets and roadshows in India and abroad, and received investment intents of over Rs 18 lakh crore, with potential to create over two million employment opportunities from 365 companies.
Groundbreaking and inauguration of around 150 project have also been undertaken in the state during this period, paving job opportunities for lakhs of people.
As per the information shared by Industries minister Sampad Chandra Swain in the Assembly recently, the government organised 13 roadshows, investor meets and outreach programmes since June 2024 to attract large-scale investments to the state with an expenditure of Rs 105 crore.
Of this, around Rs 89 crore, ie, Rs 85 crore plus 5 per cent towards supervision charges of IPICOL, was spent for organising the ‘Utkarsh Odisha - Make in Odisha’ Conclave 2025 in the state capital and its three roadshows in New Delhi, Mumbai and Singapore.
Similarly, the state government spent around Rs 1.01 crore for Odisha-TEX 2025, a textile investment summit, and around Rs 2.26 crore for Odisha Pharma Summit 2025 in the capital city. Around Rs 1.96 crore was spent for Odisha Investors’ Meet in Hyderabad, while another Rs 1.83 crore was used for organising a similar event in Kolkata.
Besides, the government spent Rs 1.53 crore for the MoU-signing event with IOCL and roadshow in New Delhi, Rs 2.44 crore for Odisha Investors’ Meet in Ahmedabad and Rs 3 crore for Enterprise Odisha in Rourkela. Around Rs 2 crore was spent for Odisha Food Pro-2026 summit organised in August this year in New Delhi.
The bill related to visit of a state delegation to UAE for investor outreach event was yet to be finalised. The statistics, however, revealed that a whooping Rs 18.65 lakh crore investment proposals and intents have been received from 365 different companies in these events, that have a potential to generate over 2.1 million employment in the state.
Among these proposals and intents, Adani Group has pledged an investment of Rs 2.28 lakh crore with an employment potential of 1.55 lakh and the project has been partially approved.
Vedanta Limited’s announcement of Rs 1 lakh crore investment in Rayagada in 2025 is also under implementation, while Neelachal Ispat Nigam Limited (Tata Steel) Rs 61,769 crore in minerals, metals and metal ancillary and downstream is also under implementation in Jajpur, the statistics revealed.
Investment of Rs 50,800 crore by SAIL in Sundargarh, which is expected to create 11,500 jobs, is also in progress, while MCL’s Rs 41,900 crore investment in the same district, having an employment potential of 7,000 is also partially approved.