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๐Ÿ‡ฎ๐Ÿ‡ณ India /Economy & Trade

Odisha targets export-led industrial growth through UAE investment outreach, says Chief Minister Majhi

From Hindustan Times · () English

Translated from English and summarized by DistantNews. Read the original for the full story.

At a glance

News Official statement New plan
  • Odisha Chief Minister Mohan Charan Majhi said the state will seek global capital, technology and business partnerships during a Sept. 9-11 investment outreach in the UAE.
  • Meetings in Abu Dhabi and Dubai will target investment, technology cooperation, industrial partnerships, exports and value-chain development.
  • Priority sectors include metals, food and seafood exports, ports, logistics, shipbuilding, rare earths, chemicals and petrochemicals.

Odisha is taking its industrial pitch to Abu Dhabi and Dubai, where Chief Minister Mohan Charan Majhi plans to present the eastern Indian state as a base for export-oriented and higher-value manufacturing.

Majhiโ€™s three-day outreach, scheduled for Sept. 9 to 11, will bring together UAE-based investors, fund houses, financial institutions, industry leaders, Indian business professionals and business organisations. The discussions will cover investment, technology collaboration, industrial partnerships, exports and the development of value chains.

The state has a strong industrial foundation and immense potential to become a major hub for export-oriented and value-added manufacturing. Through our UAE outreach, we seek to connect Odisha with global capital, technology, markets and strategic partners.

· Mohan Charan MajhiThe Odisha chief minister described the investment goals of his UAE outreach.

โ€œThe state has a strong industrial foundation and immense potential to become a major hub for export-oriented and value-added manufacturing,โ€ Majhi said. โ€œThrough our UAE outreach, we seek to connect Odisha with global capital, technology, markets and strategic partners.โ€

He said the state wanted long-term partnerships that could transform Odishaโ€™s industrial ecosystem, strengthen value chains and create new opportunities for its people. Industries Minister Sampad Chandra Swain said the investment offer ranged from metallurgy, metals and downstream industries to ports, logistics, food and seafood exports, rare earths, shipbuilding, chemicals and petrochemicals.

Our focus is on building long-term partnerships that can transform Odishaโ€™s industrial ecosystem, strengthen value chains and create new opportunities for our people.

· Mohan Charan MajhiMajhi outlined the intended economic impact of the outreach.

An official statement listed targeted projects including port-based industrial and logistics parks, shipbuilding parks, dedicated rare earth corridors, slurry pipeline infrastructure, and chemical and petrochemical parks. The state is also seeking investment that supports value addition, exports, technology adoption and a shift toward higher-value industries.

Odisha is presenting its location on Indiaโ€™s eastern coast, along with its ports and related infrastructure, as a foundation for the next stage of industrial growth. The outreach aims to build integrated value chains inside the state while linking its production capacity to international markets.

From metallurgy, metals and downstream industries to ports, logistics, food and seafood exports, rare earths, shipbuilding, chemicals and petrochemicals, we are presenting a wide range of investment opportunities.

· Sampad Chandra SwainOdishaโ€™s industries minister described the sectors being presented to UAE investors.
About this summary

Originally published by Hindustan Times in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.