Odisha has emerged as a top destination for investments in the pharmaceutical and medical devices sectors, as it received investment proposals totalling Rs 7,043 crore, signing 45 MoUs at the first Odisha Pharma Summit 2025. 

Out of the total investment, Rs 6,263 crore are firm commitments expected to generate 38,406 employment opportunities. Additionally, 24 investment intents worth Rs 780 crore are expected to create employment for 6,240 people. The MoUs include 32 in pharmaceuticals (Rs 2,681 crore), 12 in medical devices (Rs 582 crore), and one for an industrial park (Rs 3,000 crore). 

The Odisha Pharmaceutical and Medical Devices Policy 2025 aims to create an innovation-driven, employment-oriented life sciences ecosystem. “The policy promises the best incentives and smooth policy implementation,” said CM Majhi. The Summit also saw the unveiling of two new industrial parks: one for pharmaceuticals in Khurda-Nayagarh and another for medical devices in Khurda.