Mumbai: Appealing industrialists from chemicals and petrochemicals sector to come forward to join in the growth story of the State, Chief Minister Mohan Charan Majhi told them, “Invest in Odisha means invest in the future.”
Shri Majhi said this while addressing at the IndiaChem 2024 organised by the Ministry of Chemicals and Fertilizers here.
“Odisha is poised to be at the forefront of this new journey towards a Viksit Bharat. Our state is ready to play a key role in driving India’s industrial growth,” he said.
Odisha, which is known for its rich natural resources, strategic location, and leadership in the mining and metals sector, is now emerging as a key player in chemicals and petrochemicals, Shri Majhi said.
Chemicals and petrochemical ecosystems have been built on a solid foundation with the presence of companies like IOCL, Paradeep Phosphates, and IFFCO in the state, he pointed out.
The Chief Minister said that his state has developed world-class infrastructure that caters to the needs of industries looking to invest and grow. PCPIR Paradeep is driving Odisha’s ambitions in this sector. Strategically located near Paradeep Port, this industrial hub integrates a robust supply chain, connecting industries to global markets.
Besides, Odisha is actively promoting investments in technical textiles and recycling of by-products, which offer promising growth. Plastics and packaging, with specialty chemicals, which are seeing increased demand from domestic and international markets, he noted.
The state also has huge investment opportunities in pharma chemicals, anode and cathode chemicals for the expanding battery and electric vehicle markets, and green fuel production to support the global shift towards cleaner energy.
These opportunities are supported by Odisha’s rich natural resources, extensive connectivity, and robust industrial ecosystem, making it an attractive destination for new investments, he stated.
As global demand for chemicals continues to rise, Odisha is well-positioned to play a key role in meeting this demand, not just for India, but for the world, the CM said while inviting the industrialists to explore the opportunities that Odisha offers and become a part of the State’s growth story.
He also informed the gathering of business leaders that the State Government is organizing the “Utkarsh Odisha: Make in Odisha Conclave 2025”, the state’s flagship Global Investors Summit in Bhubaneswar, Odisha on January 28 and 29.