Odisha CM Woos Investors At IndiaChem With Promise Of Exponential Growth

Bhubaneswar: Odisha Chief Minister Mohan Charan Majhi on Friday wooed the investors to invest in chemical and petrochemical industries with the assurance that the sector is poised for exponential growth in the state.

Speaking at IndiaChem, a biennial event by Ministry of Chemicals and Fertilizers, organised in Mumbai, Majhi said 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. We have 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,” he said.

Supported by increasing demand from core industries such as steel, aluminium and petrochemicals, the sector has a bright future, he said adding that Odisha is actively promoting investments in technical textiles and recycling of by-products, which offer promising growth. Besides, plastics and packaging, pharma chemicals, anode and cathode chemicals and green fuel production are other prominent areas for investment, he added.

These opportunities are supported by Odisha’s rich natural resources, extensive connectivity, and robust industrial ecosystem, making it an attractive destination for new investments.

“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,” he said.

The chief minister further said 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.

“Odisha’s future in the chemicals and petrochemicals sector looks brighter than ever. Our strategic location on the east coast, 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,” he said.

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. “I invite you all to explore the opportunities that Odisha offers and become a part of our growth story. Together, we can unlock new possibilities and contribute to the shared vision of a Viksit Odisha,” he added.

Majhi said his government would host “Utkarsh Odisha: Make in Odisha Conclave 2025”, the state’s flagship Global Investors Summit in Bhubaneswar on January 28 and 29 2025. “In this context, we are hosting a Session on Investment Opportunities in Odisha tomorrow in Mumbai. I invite you all to join us and explore opportunities in our state and partner with us in Odisha’s growth journey,” he added.