Industry Odisha Bureau, Jul 3: Reinforcing Odisha’s position as a preferred destination for global industrial investments, the Odisha Government today signed a Memorandum of Cooperation (MoC) with IHI Corporation and ACME Group to promote collaboration in clean energy, advanced manufacturing and industrial development.
The MoC reflects the shared commitment of the State Government, IHI Corporation and ACME Group to explore opportunities for establishing large-scale clean energy and industrial projects in the State, officials said.
The collaboration is expected to facilitate technology transfer, promote sustainable industrialisation and generate significant employment and economic opportunities, they said.
According to government officials, the proposed projects will involve a cumulative investment of Rs 67,000 crore and generate employment opportunities for around 7,000 people in Odisha.
This includes a 0.4 MTPA green ammonia project at Gopalpur–Tata SEZ with an investment of Rs 20,000 crore and employment potential of 3,400, along with an associated jetty-less floating terminal infrastructure involving an additional investment of Rs 1,000 crore.
Further, a 0.8 MTPA green ammonia project at Paradeep is proposed with an investment of Rs 34,000 crore and employment potential of 3,600, along with a methanol project involving an investment of Rs 12,000 crore.
The event was held in the presence of Chief Minister Mohan Charan Majhi, Industries Minister Sampad Chandra Swain, Chief Secretary Anu Garg and senior government officials, Members from the World Bank Group and distinguished representatives from Japan.
The Japanese delegation included senior leadership from IHI Corporation, Mitsubishi Gas Chemical Company, Inc., and other leading Japanese enterprises present in Odisha. Senior leadership from ACME Group also participated in the programme, alongside officials from the Embassy of Japan, industry associations, and representatives from leading industries.
The Interaction with Japanese Business Delegates served as a platform to deepen economic engagement between Odisha and Japan and to showcase the State’s rapidly expanding industrial ecosystem, world-class infrastructure and investor-friendly governance.
Discussions focused on opportunities across sectors such as green hydrogen and green ammonia, advanced manufacturing, aerospace, shipbuilding, machinery, steel, chemicals, logistics, industrial infrastructure and renewable energy.
Speaking on the occasion, Majhi said: “Japan has been one of India’s most trusted development and investment partners, recognized globally for technological excellence, innovation and long-term commitment.
The signing of this Memorandum of Cooperation with IHI Corporation and ACME Group marks another important milestone in Odisha’s industrial journey. We welcome Japanese enterprises to partner with us in building globally competitive industries that create quality employment, foster technology transfer and contribute towards Samruddha Odisha 2036 and Viksit Bharat 2047.”
Minister Swain said that Odisha offers a highly conducive environment for global investors through progressive policies, robust infrastructure and responsive governance.
“The Government remains committed to providing seamless facilitation to ensure that partnerships such as this are translated into successful projects on the ground. We look forward to strengthening our long-term engagement with Japanese industry,” Swain stats
Participating in the meeting, Hiroshi Ide, Representative Director and President, IHI Corporation, said Odisha offers a compelling combination of industrial capability, strategic location, abundant natural resources and a strong commitment to sustainable industrial development.
“Through this Memorandum of Cooperation, we look forward to working closely with the Government of Odisha and ACME Group to explore opportunities that leverage Japanese technology and engineering excellence. We believe this partnership has the potential to contribute meaningfully to India’s clean energy transition while creating long-term industrial value, employment and economic growth in Odisha,” he said.
Manoj Upadhyay, Founder & Chairman, ACME Group, said, “Our collaboration with the Government of Odisha and IHI Corporation brings together policy support, world-class technology and project development expertise to explore next-generation green energy solutions. We are confident that Odisha’s progressive industrial ecosystem and strong infrastructure will provide an excellent foundation for developing projects that create sustainable economic value, generate employment and strengthen India’s position in the global clean energy value chain.”
Representatives from IHI Corporation and ACME Group highlighted the strategic importance of the collaboration and expressed confidence in Odisha’s potential as a destination for future-oriented industrial investments. They appreciated the State Government’s proactive approach towards investment facilitation and its vision for sustainable industrial development.
Representatives from Mitsubishi Gas Chemical Company, Inc. and other Japanese companies also participated in the interaction, engaging with the Government of Odisha to explore future opportunities for collaboration across priority sectors.
