The Utkarsh Odisha Conclave 2025, with its grand signing of 54 MoUs worth ₹5 lakh crore on Day 1, feels less like a business summit and more like a theatrical revival of Odisha’s ancient legacy as a global trade hub. Prime Minister Narendra Modi’s invocation of the Bali Yatra — a festival commemorating Odisha’s maritime glory with Southeast Asia — ...

THEBUSINESSBYTES BUREAU NEW DELHI, JANUARY 29, 2025 The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the launch of the National Critical Mineral Mission (NCMM) to secure and develop India’s critical mineral resources, vital for green technologies, high-tech industries, and defense. With an outlay of ₹34,300 crore over seven years, including ₹16,300 crore in expenditure and ₹18,000 ...

THEBUSINESSBYTES BUREAU BHUBANESWAR, JANUARY 28, 2025 The Odisha government marked a momentous start to the ‘Utkarsh Odisha-Make in Odisha Conclave 2025’ by signing 54 Memorandums of Understanding (MoUs) with leading companies, securing an investment commitment of ₹4.5 lakh crore on the inaugural day. State Industries Department Additional Chief Secretary, Hemant Sharma, announced that the Adani Group emerged as the largest ...

THEBUSINESSBYTES BUREAU BHUBANESWAR, JANUARY 28, 2025 Odisha Chief Minister Mohan Charan Majhi held a significant interaction with the chief executive officers (CEOs) of over 100 companies on Tuesday, emphasizing the state’s ambitions for industrialization and seeking their active cooperation. The session took place during the Utkarsh Odisha – Make in Odisha Conclave 2025, inaugurated earlier in the day by Prime ...

THEBUSINESSBYTES BUREAU BHUBANESWAR, JANUARY 28, 2025 Odisha’s robust infrastructure and conducive industrial environment have positioned the state as a prime destination for investments in the Chemicals, Petrochemicals, and Plastics sectors. Deputy Chief Minister Pravati Parida lauded the collective efforts that have transformed Odisha into “Utkarsh Odisha,” a thriving hub for industrial growth. She highlighted the increasing interest from both domestic ...

THEBUSINESSBYTES BUREAU BHUBANESWAR, JANUARY 28, 2025 Union Minister for Railways, Electronics & IT, and Information & Broadcasting, Ashwini Vaishnaw, highlighted Odisha’s pivotal role in India’s semiconductor future during the Utkarsh Odisha: Make in Odisha Conclave 2025. He applauded the success of India’s semiconductor mission and emphasized Odisha’s untapped potential, citing the state’s skilled youth as a key catalyst for technological ...

THEBUSINESSBYTES BUREAU BHUBANESWAR, JANUARY 28, 2025 In a historic commitment, the Adani Group has signed a Memorandum of Understanding (MoU) with the Odisha government to invest an unprecedented Rs 2.3 lakh crore across multiple sectors within the next five years. The MoU was signed on Tuesday during the ‘Utkarsh Odisha-Make in Odisha Conclave’, which was inaugurated earlier in the day ...

THEBUSINESSBYTES BUREAU BHUBANESWAR, JANUARY 28, 2025 Private steel behemoth Jindal Steel and Power (JSP) has announced an additional investment of Rs 70,000 crore in Odisha, aiming to drive the state’s industrial growth and enhance community welfare. The announcement was made by JSP Chairman Naveen Jindal during the Utkarsh Odisha Conclave – 2025, here on Tuesday. The high-profile event, graced by ...

THEBUSINESSBYTES BUREAU CUTTACK, JANUARY 28, 2025 The Dalmia Bharat Foundation (DBF), the CSR arm of Dalmia Cement (Bharat) Ltd (DCBL), hosted the prestigious “Prativa Samman Award 2024”, recognizing 15 high school toppers from villages near the Dalmia Cement – Kapilas Cement Works (KCW) plant. This annual initiative celebrates outstanding achievements not only in academics but also in sports, arts, and ...

THEBUSINESSBYTES BUREAU BHUBANESWAR/NEW DELHI, JANUARY 28, 2025 Vedanta Limited, a global leader in natural resources and technology, and a longstanding partner in Odisha’s development, has signed a Memorandum of Understanding (MoU) worth Rs. 1 lakh crore with the Government of Odisha to set up an alumina refinery and a smelter plant in Rayagada district. The agreement was inked on the ...