Investment agreements, job estimates and new industrial parks were announced following the Bhubaneswar event
Odisha recorded investment commitments and intents worth ₹7,043 crore in the pharmaceuticals and medical devices sectors following the Odisha Pharma Summit 2025, held in Bhubaneswar. The State’s first dedicated summit focused on pharmaceuticals, medical devices and life sciences manufacturing was organised by the Government of Odisha in association with FICCI.
Addressing the gathering, Chief Minister Shri Mohan Charan Majhi said Odisha aims to position itself as a leading destination for pharmaceutical and medical device investments, with a focus on innovation and employment generation. He stated that the State intends to offer a competitive environment for industry while creating large scale job opportunities.
The summit brought together industry leaders, global manufacturers, medical technology innovators, researchers, investors and policymakers on a single platform. Discussions centred on Odisha’s manufacturing capabilities, policy framework, infrastructure readiness and availability of skilled manpower in the life sciences sector.
As part of the outcomes, a total of 45 memoranda of understanding were signed across pharmaceuticals, medical technologies and industrial infrastructure. These MoUs represent investment commitments of ₹6,263 crore, with an estimated employment potential of 38,406 jobs. In addition, investment intent worth ₹780 crore was received during the event, with an associated employment potential of 6,240 jobs. Taken together, the commitments and intents amount to ₹7,043 crore and an employment potential of 44,646 jobs.
In the pharmaceuticals segment, 32 MoUs were signed with proposed investments of ₹2,681 crore, expected to generate more than 6,528 jobs. The medical technology and devices segment saw 12 MoUs with committed investments of ₹582 crore and an estimated employment potential of 1,878 jobs. One MoU was signed for a large industrial park proposal involving an investment of ₹3,000 crore, with nearly 30,000 jobs projected.
The summit witnessed participation from more than 300 organisations and over 400 delegates representing the life sciences value chain, including active pharmaceutical ingredients, bulk drugs, formulations, vaccines, diagnostics, medical devices, healthcare services, research institutions, skilling partners, industry associations and students.
Industry participants included companies such as Infunex, Aurobindo Pharma, Granules Lifesciences, Macleods Pharmaceuticals, Biological E. Ltd, Pharmexcil, Vaccines and Cipla, which took part in sectoral discussions, investment deliberations and one to one meetings exploring opportunities in the State.
A key outcome of the event was the launch of the Odisha Pharmaceutical and Medical Devices Policy 2025. The policy outlines measures covering infrastructure development, investment facilitation, research and development, skill development and incentives aimed at strengthening pharmaceuticals and medical devices manufacturing in the State.
Chief Minister Shri Mohan Charan Majhi also unveiled two new industrial parks during the summit. One park is dedicated to pharmaceuticals at Khordha Nayagarh, while the second is a medical devices manufacturing park at Khordha. According to the State government, both parks are equipped with industrial infrastructure, common utilities, testing and certification facilities and compliance ready ecosystems to support faster project implementation.
Senior officials from the Government of Odisha were present at the event, reflecting a coordinated approach to investor engagement and sectoral development. The discussions highlighted the State’s focus on ease of doing business, responsive governance and streamlined decision making.
Following the summit, Chief Minister Shri Mohan Charan Majhi and a delegation from the Government of Odisha are scheduled to visit Hyderabad for a roadshow on December 19 as part of efforts to engage with industry and outline the State’s long term growth roadmap towards Samruddha Odisha by 2036.
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