Odisha Strengthens Strategic Partnership With Japan; Signs MoC With IHI Corporation And ACME Group

Bhubaneswar, 3 July 2026: Reinforcing Odisha’s position as a preferred destination for global industrial investments, the Government of Odisha today hosted an “Interaction with Japanese Business Delegates” and signed a Memorandum of Cooperation (MoC) with IHI Corporation and ACME Group to promote collaboration in clean energy, advanced manufacturing, and industrial development.

The MoC reflects the shared commitment of the Government of Odisha, IHI Corporation, and ACME Group to explore opportunities for establishing large-scale clean energy and industrial projects in the state, leveraging Odisha’s resource strength, industrial ecosystem and policy support. The collaboration is expected to facilitate technology transfer, promote sustainable industrialisation and generate significant employment and economic opportunities.

The proposed projects will involve a cumulative investment of ₹67,000 crore and generate employment opportunities for around 7,000 people in Odisha. This includes a 0.4 MTPA green ammonia project at Gopalpur–Tata SEZ with an investment of ₹20,000 crore and employment potential of 3,400, along with associated jetty-less floating terminal infrastructure involving an additional investment of ₹1,000 crore. Further, a 0.8 MTPA green ammonia project at Paradeep is proposed with an investment of ₹34,000 crore and employment potential of 3,600, along with a methanol project involving an investment of ₹12,000 crore.

The event was held in the presence of Shri Mohan Charan Majhi, Hon’ble Chief Minister of Odisha; Shri Sampad Chandra Swain, Hon’ble Minister for Industries and Skill Development & Technical Education; Chief Secretary and senior officials of the Government of Odisha; members from the World Bank Group; and distinguished representatives from Japan. The Japanese delegation included senior leadership from IHI Corporation, Mitsubishi Gas Chemical Company, Inc., and other leading Japanese enterprises present in Odisha. Senior leadership from ACME Group also participated in the programme, alongside officials from the Embassy of Japan, industry associations, and representatives from leading industries.

The interaction with Japanese business delegates served as a platform to deepen economic engagement between Odisha and Japan and to showcase the state's rapidly expanding industrial ecosystem, world-class infrastructure and investor-friendly governance. Discussions focused on opportunities across sectors such as green hydrogen and green ammonia, advanced manufacturing, aerospace, shipbuilding, machinery, steel, chemicals, logistics, industrial infrastructure and renewable energy.

Speaking on the occasion, Hon’ble Chief Minister Shri Mohan Charan Majhi said, "Japan has been one of India’s most trusted development and investment partners, recognised globally for technological excellence, innovation and long-term commitment. The signing of this Memorandum of Cooperation with IHI Corporation and ACME Group marks another important milestone in Odisha’s industrial journey. We welcome Japanese enterprises to partner with us in building globally competitive industries that create quality employment, foster technology transfer and contribute towards Samruddha Odisha 2036 and Viksit Bharat 2047.”

Hon’ble Industries Minister Shri Sampad Chandra Swain said, "Odisha offers a highly conducive environment for global investors through progressive policies, robust infrastructure and responsive governance. The government remains committed to providing seamless facilitation to ensure that partnerships such as this are translated into successful projects on the ground. We look forward to strengthening our long-term engagement with Japanese industry.”

Mr. Hiroshi Ide, Representative Director and President, IHI Corporation, said, “Odisha offers a compelling combination of industrial capability, strategic location, abundant natural resources and a strong commitment to sustainable industrial development. Through this Memorandum of Cooperation, we look forward to working closely with the Government of Odisha and ACME Group to explore opportunities that leverage Japanese technology and engineering excellence. We believe this partnership has the potential to contribute meaningfully to India’s clean energy transition while creating long-term industrial value, employment and economic growth in Odisha.”

Mr. Manoj Upadhyay, Founder & Chairman, ACME Group, said, "ACME Group is committed to building globally competitive clean energy ecosystems that support India’s energy transition and industrial growth. Our collaboration with the Government of Odisha and IHI Corporation brings together policy support, world-class technology and project development expertise to explore next-generation green energy solutions. We are confident that Odisha’s progressive industrial ecosystem and strong infrastructure will provide an excellent foundation for developing projects that create sustainable economic value, generate employment and strengthen India’s position in the global clean energy value chain.”

Representatives from IHI Corporation and ACME Group highlighted the strategic importance of the collaboration and expressed confidence in Odisha’s potential as a destination for future-orientated industrial investments. They appreciated the state government's proactive approach towards investment facilitation and its vision for sustainable industrial development.

Representatives from Mitsubishi Gas Chemical Company, Inc., and other Japanese companies also participated in the interaction, engaging with the Government of Odisha to explore future opportunities for collaboration across priority sectors.

The programme marks another significant step in strengthening the long-standing economic partnership between Odisha and Japan. By combining Japanese technological expertise with Odisha’s industrial strengths and strategic location, the collaboration is expected to accelerate investments in clean energy and advanced manufacturing while creating new opportunities for MSMEs, ancillary industries, local enterprises and skilled youth across the state.