Odisha Signs Japan-Backed Investment Cooperation

Odisha signed a Memorandum of Cooperation (MoC) on 3 July 2026 with ACME Group of India and Japan’s IHI Corporation for projects worth ₹67,000 crore. The agreement covers clean energy, advanced manufacturing, industrial development, and a green hydrogen ecosystem in Odisha.

Project Components

The cooperation includes a 0.4 million tonnes per annum (MTPA) green ammonia plant at Gopalpur in Ganjam district with an investment of ₹20,000 crore. It also includes ₹1,000 crore for jetty-less floating terminal infrastructure at Gopalpur for export-oriented operations. A 0.8 MTPA green ammonia plant is planned for Paradip in Jagatsinghpur district with an investment of ₹34,000 crore. The package also includes a 0.1 MTPA green methanol project at Paradip with an investment of ₹12,000 crore.

Industrial and Employment Features

The projects are expected to create about 7,000 to 7,600 direct jobs, and some estimates place total direct and indirect employment above 8,000. The projects are linked to green steel production, green hydrogen, green ammonia, and green methanol value chains.

Odisha in Investment and FDI

Odisha Chief Minister Mohan Charan Majhi was present at the signing on 3 July 2026. The agreement followed a separate ₹1.08 lakh crore aluminium-sector investment by Adani Enterprises and UAE’s International Holding Company Group on 2 July 2026, which was described as Odisha’s largest Foreign Direct Investment to date.

Important Facts for Exams

• Green ammonia is produced using hydrogen derived from low-carbon or renewable energy sources.
• Green methanol is a low-carbon fuel and chemical feedstock used in shipping and industry.
• Paradip is a major port town in Jagatsinghpur district, Odisha.
• Gopalpur is located in Ganjam district and has port-based industrial potential.

India-Japan Clean Energy Cooperation

India and Japan have cooperated in energy, infrastructure, and industrial technology through bilateral and multilateral frameworks. Green hydrogen, ammonia, and methanol projects are part of the wider clean energy transition in heavy industry and export logistics.