Bhubaneswar: Odisha Chief Minister Mohan Charan Majhi underscored the state’s burgeoning prominence in the chemicals and petrochemicals sector during his address at the ‘India Chem 2024’ event held in Mumbai. He pointed to the increasing demand from core industries, particularly steel and aluminium, as a driving force behind this growth.
At the forefront of Odisha’s ambitions in this sector is the Petroleum, Chemicals & Petrochemical Investment Region (PCPIR) located in Paradeep. Majhi highlighted the strategic advantage of this hub, which is situated near Paradeep Port and benefits from a well-established supply chain connecting local industries to global markets.
“Odisha is witnessing exponential growth in the chemicals and petrochemicals sector, and we are actively exploring other high-potential areas for investment,” Majhi stated, emphasizing the state’s commitment to expanding its industrial footprint.
The Chief Minister elaborated on the state’s ongoing efforts to attract investments in various sub-sectors, including technical textiles, recycling of by-products, plastics, packaging, and specialty chemicals—areas that are increasingly in demand both domestically and internationally.
Majhi attributed these emerging opportunities to Odisha’s rich natural resources, extensive connectivity, and a robust industrial ecosystem, all of which position the state as a prime destination for new investments.
“With the global demand for chemicals on the rise, Odisha is poised to play a pivotal role, not just for India but on the world stage. I invite investors to explore the vast opportunities Odisha has to offer and become part of our growth story. Together, we can unlock new possibilities and contribute to the shared vision of a Viksit Odisha,” Majhi concluded, reaffirming the state’s dedication to fostering a conducive environment for investment and industrial growth.