The Odisha government has secured investment proposals worth over Rs 2.43 lakh crore across multiple key sectors during its three-day investor roadshow in the United Arab Emirates (UAE), according to an official statement.
Headed by Chief Minister Mohan Charan Majhi, the delegation signed 24 Memoranda of Understanding (MoUs) and letters of intent after conducting 32 targeted one-on-one investor meetings and round-table engagement in Abu Dhabi and Dubai, the release stated.
Once implemented, these proposed projects are expected to generate over 6.18 lakh direct and indirect employment opportunities across Odisha, the government said in its statement on Friday.
The investment proposals encompasses core growth areas, including travel and tourism, logistics, finance, food processing, critical minerals and rare earths, primary metals, and downstream steel and aluminium manufacturing.
The delegation’s final leg featured the Odisha Investors’ Meet-UAE 2026 in Dubai, bringing together approximately 400 global corporate heads and institutional investors, the statement said.
Highlighting the major announcements, CAZBAA Project Ventures FZCO signed a MoU focused on LNG storage facilities, while Rana Holdings Limited signed agreements spanning green energy projects, AI data infrastructure, and rare earth processing.
Sharaf Group inked a MoU in the housing sector, alongside PTCL Infrastructure’s pact to establish manufacturing hubs for the steel and steel downstream sectors, the statement said.
Additional letters of intent included proposals from Dalwin Marine and Turbo Power Engineering for ship repair infrastructure, Ion Technologies Pvt Ltd for a rocket propellant manufacturing plant, and Agrifields FZCO for fertilizer and specialty chemical manufacturing.
Throughout the summit, Chief Minister Majhi led private discussions with several high-profile UAE-based industrial leaders and venture funds.
Following the close of the business forum, the Chief Minister addressed a massive gathering of over 800 non-resident Odias at a diaspora reception in Dubai.
The gathering showcased Odisha’s cultural heritage through Odissi and folk dances, the statement added.
