During chief minister Naveen Patnaik’s investors meeting on Wednesday in Dubai, the state government is looking to invest in industries including petrochemicals, chemicals and plastics, food processing, including seafood, textiles and apparel, and metal downstream.
Apart from top executives from some of the largest corporate houses in the state, business delegations from the Gulf and north African countries are anticipated to attend the event, which is where the majority of the investments would come from.
IMFA managing director Subhrakant Panda, Paarth Jindal, managing director of JSW Cement, Satish Pai, managing director of Hindalco Industries, and Karan Adani, chief executive officer of Adani Ports and special economic zone, are among those who are likely to attend, according to official sources, even though the industries department has not yet released a list of attendees.
Leading businesspeople from the state and top executives from companies like Tata Steel, JSPL, ArcelorMittal, and Indian Oil Corporation Limited will attend the meeting to share their experiences conducting business in Odisha.
In addition to speaking at the event and highlighting the state’s investment capabilities, the chief minister had one-on-one meetings with some of the top businessmen.
The priority industries in Odisha are similar to those in the Gulf and North Africa. A senior official from the industries department stated, “We hope to acquire favourable investment intents at the investors’ meet.”
The state government has been creating the Petroleum Chemicals and Petrochemicals Investment Region (PCPIR), which includes a plastic park where the necessary facilities are being developed to provide ready to use industrial infrastructure, to attract investments in the chemicals, petrochemicals, and plastic sector.
Due to its convenient access to the NH (only 2.5 km away), the railroad station (3 km), the Paradip port (10 km), and the state capital (approximately 125 km away), the PCPIR is the region that is most strategically situated.
A dedicated food processing sector has already been established close to Khurda, and similar facilities are being planned for the textile industry close to the city and Bhadrak.
(Source: International Agency)
Prasanta Patnaik