Odisha signs memorandum of cooperation for Japan-backed projects worth ₹67,000 crore
The Odisha government has signed a Memorandum of Cooperation with ACME Group and Japan’s IHI Corporation for clean energy and industrial projects worth ₹67,000 crore. These projects are expected to create thousands of jobs and promote sustainable industrialization.
Why it matters
This represents a major investment in India's green energy sector and highlights the state's growing industrial capacity.
Odisha on Friday (July 3, 2026) signed a Memorandum of Cooperation (MoC) with ACME Group and Japan’s IHI Corporation for multiple projects that collectively entail investment of ₹67,000 crore. This comes a day after Adani Enterprises and UAE’s International Holding Company (IHC) Group signed a memorandum of understanding with the State, marking the its largest Foreign Direct Investment (FDI).
The article is a straightforward report on economic development and investment agreements.
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