India Steel 2025: CM Mohan Majhi Invites Key Players To Invest In Odisha For Its Booming Industry Eco-System

Bhubaneswar: Asserting that Odisha is poised to contribute around 70 per cent of the country’s iron ore demand in next five years, Chief Minister Mohan Charan Majhi on Friday invited industries to invest in the state in view of the booming industry eco-system.

Speaking at the Odisha State Roundtable at the ‘India Steel 2025’ conference in Mumbai, the Chief Minister said that by 2030-31, India’s iron ore consumption is anticipated to grow to 340 million tons. “In this period, Odisha is poised to contribute about 240 to 245 million tons of iron ore, thereby elevating our share from the current 58 percent to an impressive 70 percent,” he said.

Describing steel as the ‘mother industry’ of Odisha, Majhi said India ranks as the fourth largest producer of iron ore in the world, and Odisha is the largest producer of iron ore in India.

Majhi said his home district Keonjhar is a mineral-rich region that alone contributes over 50 percent of Odisha’s iron ore production. “I have witnessed numerous companies flourish through their mining operations in my district. I understand the value of this sector and its growth. This deep-rooted connection drives me to advocate for this sector, and it is precisely why I stand before you today,” he said.

Noting that the state government has taken every step for a booming industry eco-system, the CM said this is also reflected in the Utkarsh Odisha-Make in Odisha Conclave, held in last January in Bhubaneswar. “To meet the specific needs of industries operating in this vital sector, we are committed to secure raw materials, provide land, ensure connectivity through roads, railways and provide electricity and water,” he said.

Odisha leads India in terms of the estimated value of all minerals production, contributing to 47 per cent of the national output. Following the landmark amendment to the MMDR Act in 2015, our government successfully auctioned 44 major mineral blocks.