Odisha Receives Rs 12.89 Tn Investment in Utkarsh Summit

31 Jan 2025 CW Team

Stating that the summit has been a great success, the chief minister said it witnessed an impressive gathering of industry leaders, global delegates, investors, and policymakers. Prime Minister Narendra Modi’s presence at the inauguration provided fillip to the grand event, he noted.

The conclave received an overwhelming response; with a total of 145 investment-related Memorandums of Understanding (MoUs) were signed, paving the way for transformative industrial projects and partnerships in Odisha, he told reporters.

MoUs worth Rs 12.89 trilliom of investment received across various sectors such as chemicals, petrochemicals, textiles, mining and metallurgy, renewable energy, IT/ITeS, tourism, and food processing. These investments are expected to generate over 8.94 Lakh job opportunities, creating a significant socio-economic impact and ensuring inclusive growth across the state.

Apart from the MoUs signed, 448 investment intention forms with an investment value of Rs 3.84 trillion were received with an employment potential of 3.92 Lakh jobs.

The Utkarsh Odisha Conclave has been a huge success with the state receiving a total of 593 projects with an investment of Rs 16.73 trillion and employment potential of 12.88 Lakh across over 20 sectors.

The conclave attracted delegates from over 16 countries, including representatives from the Partner Countries – Singapore, Malaysia, and Australia – further strengthening Odisha’s position as a global investment destination.

The event on the second day featured key sectoral sessions on Textiles and Apparel, Renewable Energy, Skilled in Odisha, Women Entrepreneurship, Tourism, Circular Economy, Agro- and Food Processing, Healthcare, Pharma & Biotech, and Industrial Infrastructure, driving actionable strategies for investment and growth.

The two-day Utkarsh Odisha Conclave has paved the way for the signing of as many as 145 investment-related Memorandums of Understanding (MoUs) with an expected Rs 12.89 trillion of investment for industrial growth of the coastal State, Chief Minister Mohan Majhi claimed here on Wednesday. Stating that the summit has been a great success, the chief minister said it witnessed an impressive gathering of industry leaders, global delegates, investors, and policymakers. Prime Minister Narendra Modi’s presence at the inauguration provided fillip to the grand event, he noted. The conclave received an overwhelming response; with a total of 145 investment-related Memorandums of Understanding (MoUs) were signed, paving the way for transformative industrial projects and partnerships in Odisha, he told reporters. MoUs worth Rs 12.89 trilliom of investment received across various sectors such as chemicals, petrochemicals, textiles, mining and metallurgy, renewable energy, IT/ITeS, tourism, and food processing. These investments are expected to generate over 8.94 Lakh job opportunities, creating a significant socio-economic impact and ensuring inclusive growth across the state. Apart from the MoUs signed, 448 investment intention forms with an investment value of Rs 3.84 trillion were received with an employment potential of 3.92 Lakh jobs. The Utkarsh Odisha Conclave has been a huge success with the state receiving a total of 593 projects with an investment of Rs 16.73 trillion and employment potential of 12.88 Lakh across over 20 sectors. The conclave attracted delegates from over 16 countries, including representatives from the Partner Countries – Singapore, Malaysia, and Australia – further strengthening Odisha’s position as a global investment destination. The event on the second day featured key sectoral sessions on Textiles and Apparel, Renewable Energy, Skilled in Odisha, Women Entrepreneurship, Tourism, Circular Economy, Agro- and Food Processing, Healthcare, Pharma & Biotech, and Industrial Infrastructure, driving actionable strategies for investment and growth.

Infrastructure Transport

15 Sep 2025

Cabinet Approves Key Highway and Rail Projects in Bihar Region

The Union Cabinet on Wednesday approved the four-laning of the 84.2-km Mokama-Munger section of the Buxar-Bhagalpur high-speed corridor, a key industrial region in poll-bound Bihar. The Cabinet also sanctioned the doubling of the 177-km Bhagalpur-Dumka-Rampurhat railway line, which passes through Bihar, Jharkhand, and West Bengal, at a cost of Rs 31.7 billion.The Rs 44.5 billion highway project will be constructed under the hybrid annuity model, a variant of public-private partnership. The Mokama-Munger stretch was the only remaining two-lane section of the 363-km Buxar-Bhagalpur corridor. Fou..

Infrastructure Transport

15 Sep 2025

NGT Issues Notice on Bengaluru Twin Tunnel Project

The National Green Tribunal (NGT) on Wednesday issued notices in response to a petition filed by Bengaluru Praja Vedike and others, challenging the Bengaluru twin tunnel road project. Petitioners claim the project was “hastily announced” and bypassed mandatory environmental impact assessment procedures.Notices have been served to the Karnataka Government, Greater Bengaluru Authority, State Environment Impact Assessment Authority (SEIAA), Bengaluru Smart Infrastructure Ltd (B-SMILE), the Union Ministry of Environment, Forest and Climate Change, and project consultants.The 16.74-km twin-tube..

Real Estate

15 Sep 2025

India’s Residential Sales to Dip Slightly in FY26

Residential sales in India’s seven major cities are projected to decline by up to 3 per cent year-on-year in FY26 to 620–640 million square feet (msf), amid a moderation in sales velocity, according to ratings agency Icra.In FY25, sales stood at 643 msf, down 8 per cent YoY, following a sharp contraction in new launches and moderated demand in the affordable and mid-income segments. This slowdown came after the sector posted a robust compound annual growth rate of 26 per cent in area sales between FY22 and FY24.Icra noted: “Having seen a strong upcycle, the sector entered an equilibrium ..