Odisha says investment proposals secured at India Chem 2026 could create 20,210 jobs, with NLC India and Larsen & Toubro among the biggest participants as the state seeks to diversify beyond metals.
Odisha has drawn investment proposals worth Rs 53,893.51 crore at India Chem 2026 in Mumbai, with the projects projected to create 20,210 jobs, Chief Minister Mohan Charan Majhi said after returning to Bhubaneswar on Friday. The figure is close to the roughly Rs 54,000 crore cited by other Indian media reports on the event, which also said the state signed nine memorandums of understanding and four expressions of investment intent during the two-day outreach.
Majhi said the trip included 25 one-to-one meetings with business leaders and company representatives, among them executives from POSCO India, JSW and Larsen & Toubro, as well as firms from the United States and the European Union. According to reports on the event, the talks were meant to familiarise investors with Odisha’s industrial base and to identify the infrastructure and policy support needed to turn interest into projects.
The largest single proposal came from NLC India Ltd, which put forward an investment of around Rs 36,763.51 crore across chemicals and power, while L&T signed an agreement proposing Rs 8,100 crore. The chief minister said Odisha wants to broaden its economy beyond metals and build a larger industrial ecosystem spanning metals, downstream manufacturing, chemicals, petrochemicals and plastics, a shift he linked to India’s wider push for industrial self-reliance.
Majhi also said the state will host the next India Chem event after discussions with the Centre and the Federation of Indian Chambers of Commerce and Industry, which have agreed to the plan. Other reports said the summit is expected to be held in Bhubaneswar in October 2027, underscoring Odisha’s bid to position itself as a key destination for chemical and petrochemical investment in eastern India.
Disclaimer: This article is intended to inform and educate, not to recommend or endorse any financial product, investment or strategy. Please consider your own financial circumstances and seek professional advice where appropriate before making financial decisions.
