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Odisha Future Hub For GCCs?

On 8th April, the Odisha government signed 13 MoUs — including a major one with Indian Oil Corporation — and received 15 additional investment proposals. Together, these commitments total ₹1.03 lakh crore in investment and are expected to create over 95,000 jobs across the state.

The Finance Story by The Finance Story
Published date: 10th April, 2025
Last edited date: 11th April, 2025
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Odisha attracts ₹30,000 Cr in new investments...to create nearly 48,390 jobs
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  • Looks like Odisha is emerging as the new rising star on India’s investment map.
  • Odisha CM Mohan Majhi just announced major investment intents from top companies at the Delhi Investors’ Meet, with over 95,000 job opportunities on the horizon.
  • He also pitched Odisha as a potential GCC hub, emphasizing the state’s talent pool and tech-ready infrastructure.

What’s the big news?

Odisha CM Mohan Charan Majhi just secured a massive ₹1.03 lakh crore in investment proposals at the Investors’ Meet in Delhi!

A snapshot of the Investors’ Meet:

  • 13 major MoUs
  • 15 investment intents
  • 95,000+ jobs on the horizon

The state government formalized:

  • 13 Memoranda of Understanding (MoUs) valued at Rs 27,595 crore
  • Received firm interest from 15 companies pledging over Rs 3,000 crore in new investments

Also read: KPMG GCC India leader unveils big shifts & billion-dollar opportunities

CM pitched Odisha as a prime destination for Global Capability Centres (GCCs)

A key highlight was CM Majhi’s visit to the HCLTech campus in Noida.

Here he met Chairperson Roshni Nadar Malhotra and her leadership team.

“We urged HCLTech to set up a development centre and even consider opening a university in Odisha,” said Majhi.

“Their response was very positive. We’re excited about what’s ahead.”

With major players like TCS, Infosys, Wipro, Accenture, and Cognizant already operating in Odisha — some with second campuses — the state is clearly gaining ground as a tech hotspot.

The CM also held one-on-one discussions with leaders from:

  • Kiri Industries
  • Himadri Specialty Chemical
  • IREL
  • Chowgule Group
  • SLMG Beverages
  • Ruchi Soya Foods (Patanjali Group)
  • Inox GFL Group
  • Quant Solar

Biggest win: Indian Oil (IOCL) to invest ₹58,042 crore in a dual-feed naphtha cracker project in Paradip

Odisha CM meets HCLTech Chairperson

Another key moment was CM Majhi’s visit to HCLTech’s Noida campus.

He met with the company’s Chairperson Roshni Nadar Malhotra and her leadership team and pitched Odisha as a future hub for Global Capability Centres (GCCs).

After all, the state is filled with skilled talent, lower costs, and tech-ready infrastructure.

“We urged HCLTech to set up a development centre and even consider opening a university in Odisha,” said Majhi. “Their response was very positive. We’re excited about what’s ahead.”

Companies like TCS, Infosys, Wipro, Accenture, and Cognizant already have a presence in Odisha, some with second campuses. Looks like the state is well on its way to becoming a major tech hub.

CM Majhi’s Delhi visit marks another strong move in Odisha’s bid to attract:

  • Global capital,
  • Create high-value jobs,
  • Position the state as a hub for innovation and industry.

Odisha’s message was loud and clear...

“Odisha is open for business and ready to lead India’s next wave of industrial growth,” said CM Majhi

Union Minister Dharmendra Pradhan added,

“Odisha is on its way to becoming a global energy transition hub.”

The takeaway? Odisha is not just making noise — it’s positioning itself as India’s next big industrial and energy powerhouse.

FAQ

1. What is Odisha Vision 2036?

Odisha Chief Minister Mohan Charan Majhi has outlined a clear vision for positioning the state as a key growth driver for Viksit Bharat 2047.

His strategy focuses on building a strong infrastructure, investing in talent, and creating a business-friendly environment to boost industrial growth.

2. What are the latest industrial investment projects in Odisha?

In March 2025, Odisha’s State-Level Single Window Clearance Authority (SLSWCA), chaired by Chief Secretary Manoj Ahuja, gave the green light to major investments.

19 industrial projects were approved, totaling ₹6,117 crore in investment.

Projects have the potential to generate 17,286 jobs across the state.

Key sectors include:

  • Biofuel & Biotech

  • Steel & Chemicals

  • Food Processing

  • Apparel & Textiles

  • Green Energy

The Finance Story

The Finance Story

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