Chief Minister Mohan Charan Majhi revealed that Odisha has successfully secured investment proposals amounting to ₹53,893.51 crore, which are projected to create 20,210 jobs. This announcement came after Majhi’s participation in India Chem 2026 held in Mumbai on October 22 and 23.

As reported by the Chief Minister’s Office, the event resulted in the signing of nine memorandums of understanding (MoUs) along with four expressions of interest (EoIs).

A significant agreement, valued at ₹36,763.51 crore, was finalized with NLC India Ltd, focusing on ventures in the chemicals and energy sectors.

During the event, Majhi conducted 25 individual meetings with business leaders, including representatives from POSCO India, JSW, and Larsen & Toubro, as well as firms from the United States and Europe. He emphasized the state’s strategy to shift away from its conventional metal-centric economy by fostering a comprehensive industrial ecosystem that encompasses metals, chemicals, petrochemicals, and plastics.

Additionally, the Chief Minister announced that Odisha Chem 2027 is scheduled for October next year, following consultations with the Union government and FICCI.