Mumbai: Odisha chief minister Mohan Charan Majhi invited the indistrialists and investors to invest in the State.
He was delivering the keynote address at IndiaChem2024, a biennial international expo and conference organised by union chemicals and fertilisers ministery, and the department of chemicals and petrochemicals, here on Friday.
The chief minister Majhi said, ” There is huge prospects for investments in chemicals and petrochemicals sector in Odisha.”
“Odisha which is known for its rich natural resources, strategic location, and leadership in mining and metals sector, is now emerging as a key player in chemicals and petrochemicals. Our chemicals and petrochemicals ecosystem are built on a solid foundation with presence of companies like IOCL, Paradeep Phosphates, and IFFCO among others.”
” 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,” he said.
According to him the chemicals and petrochemicals sector in Odisha is ready for exponential growth, supported by increasing demand from core industries such as steel, aluminium, and petrochemicals. He added, “We are also diversifying into further high-potential areas.”
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.
• Pharma chemicals, a growing area of focus which has tremendous potential for expansion.
• Anode and Cathode chemicals for the expanding battery and electric vehicle markets.
• Green fuel production to support the global shift towards cleaner energy.
Odisha has already seen significant investments from country’s leading companies in the chemicals and allied sectors. Chemical companies like Grasim, Berger Paints, Shalimar Paints and Plastics sector leaders like Supreme, Ashirvad, Astral, Syntex, Shrichakra Polyplast have expanded their operations in the state, contributing to the growth of downstream industries and creating opportunities across the value chain.
Furthermore, key players in technical textiles like EPIC and MAS groups, explosives manufacturers like Premier Explosives and CDET, and specialty chemicals manufacturers like Eternis, Epsilon, Sanvira, Silox, Epigral, Himadri, Kiri Industries, VCI chemicals and others have also found Odisha to be a conducive environment for growth. Their investments are helping Odisha build a diversified chemicals sector that caters to a wide range of industrial needs.
The CM asserted “Odisha’s future in the chemicals and petrochemicals sector looks brighter than ever. Our strategic location on the east coast of India, coupled with the availability of skilled labour and industrial infrastructure, gives us an EDGE. We are committed to ensuring that industries can grow and innovate in a supportive environment.”
Majhi invited the investors to the “Utkarsh Odisha: Make in Odisha Conclave 2025”, the Sate’s flagship Global Investors Summit in Bhubaneswar, Odisha is to be held on 28th and 29th January 2025. He also invited them the Mumbai Road Show on Saturday.
