Summit Success: Odisha Greenlights Major Pharma & Device Parks

Odisha has emerged as a leading investment destination in the pharmaceutical and medical devices sectors, having received investment proposals worth ₹7,043 crore through the signing of 45 memoranda of understanding (MoUs) at the first Odisha Pharma Summit 2025.

Of the total proposed investment, firm commitments amounting to ₹6,263 crore are expected to generate 38,406 employment opportunities. In addition, 24 investment intents valued at ₹780 crore are projected to create jobs for 6,240 people. The signed MoUs include 32 agreements in the pharmaceuticals segment involving ₹2,681 crore, 12 agreements in the medical devices segment worth ₹582 crore, and one agreement for the development of an industrial park with an investment of ₹3,000 crore.

The Odisha Pharmaceutical and Medical Devices Policy 2025 is designed to foster an innovation-driven and employment-oriented life sciences ecosystem in the state. Highlighting the policy’s focus, Chief Minister Mohan Charan Majhi said it offers best-in-class incentives and streamlined implementation. The Summit also witnessed the unveiling of two new industrial parks—one dedicated to pharmaceuticals in the Khurda–Nayagarh region and another for medical devices in Khurda.

News by Rahul Yelligetti.