Odisha government has signed a series of high-value MoUs entailing investments to the tune of Rs 98,880 crore with leading industry players of the country. The proposals have a potential to create employment for more than 67,000 people.

Overall, 13 MoUs were signed and 15 investment intents were received during the two-day Odisha Investors’ meet. These investment proposals are worth Rs 1,03,090 crore and promise employment opportunities for around 95,915 people.

On the second day of his visit to the national capital for attracting investments to Odisha, Chief Minister Mohan Charan Majhi held several rounds of one-on-one discussions with top industry captains. 

The highlight of the second day was the agreement with Indian Oil Corporation Ltd (IOCL) for setting up a dual-feed naphtha cracker project at Paradip in Jagatsinghpur district with an investment of Rs 58,042 crore.

The state also entered into an agreement with the Indian Strategic Petroleum Reserves Ltd (ISPRL) for a crude oil storage facility at Chandikhol in Jajpur district and Petronet LNG to develop a LNG terminal at Gopalpur in Ganjam district.

These MoUs were signed in the presence of Majhi, Union ministers Hardeep Singh Puri, Dharmendra Pradhan and Jual Oram, and state Industries minister Sampad Chandra Swain.