Bhubaneswar, Oct 23: Odisha has received investment intentions worth more than Rs 22.5 lakh crore, Chief Minister Mohan Charan Majhi announced at INDIA CHEM 2026 on Thursday, highlighting the state’s growing focus on industrial expansion, clean energy and chemical manufacturing.
Addressing the event, Majhi co-chaired the Global CEOs Forum alongside Union Health Minister JP Nadda, Union Minister of State Anupriya Patel and Madhya Pradesh Chief Minister Mohan Yadav, according to a report by The Times of India.
The Chief Minister highlighted Odisha’s investment pipeline and outlined opportunities in sectors such as chemicals, petrochemicals, critical minerals, green hydrogen and green ammonia.
Nearly 200 Industrial Units Established in Odisha
Majhi said nearly 200 industrial units had been established in Odisha in less than two and a half years, attracting investments of around Rs 3.52 lakh crore.
He also stated that projects worth more than Rs 12.5 lakh crore had received official approval, reflecting the scale of industrial proposals being taken forward in the state.
The figures point to Odisha’s efforts to strengthen its industrial base and attract investment across multiple sectors. However, investment intentions, approved projects and operational industrial units represent different stages of development.
UAE Outreach Generates Rs 2.5 Lakh Crore in Proposals
The Chief Minister also referred to Odisha’s investor outreach programme in the United Arab Emirates in September 2026, during which the state received investment proposals worth approximately Rs 2.5 lakh crore.
Of this amount, around Rs 2.1 lakh crore was proposed by International Holding Company, he said.
The proposals cover sectors including chemicals, petrochemicals and critical minerals, which are considered important for expanding industrial production and strengthening supply chains.
Green Hydrogen and Green Ammonia in Focus
Green hydrogen and green ammonia have emerged as key areas of investment interest in Odisha. Majhi highlighted opportunities for developing projects in these sectors at Gopalpur.
The state is also exploring investment opportunities in refrigerants and fluorochemicals, which have applications across several industrial and manufacturing segments.
Green hydrogen, produced using renewable electricity to split water, is attracting attention as an alternative fuel and industrial feedstock. Green ammonia, which can be produced using green hydrogen, also has potential applications in fertiliser production and other industrial processes.
The development of such projects could support Odisha’s efforts to expand into emerging clean-energy industries, subject to investment commitments, infrastructure availability and project execution.
Coal Gasification Projects Planned at Talcher and Lakhanpur
Majhi also highlighted coal gasification-based project opportunities at Talcher and Lakhanpur.
Coal gasification converts coal into a gas that can be used as a feedstock for producing chemicals, fuels and other industrial products. Such projects could support downstream manufacturing and help diversify the state’s industrial output.
At the same time, their progress will depend on investment decisions, regulatory approvals, infrastructure development and environmental considerations.
Odisha Seeks to Strengthen Chemical and Petrochemical Industries
The state government is looking to use its mineral resources and industrial infrastructure to attract more investment in chemicals, petrochemicals and related manufacturing sectors.
According to Majhi, the proposed projects could boost domestic manufacturing and strengthen Odisha’s role in India’s chemical and petrochemical value chain.
The overall impact of the announced investment intentions will depend on how many proposals move into formal agreements, receive the necessary approvals and reach the implementation stage.
With investment interest spanning conventional industries and emerging clean-energy technologies, Odisha is seeking to broaden its industrial base and create opportunities for long-term economic growth.
