The Business Bytes
Bhubaneswar, October 3, 2024 (TBB Bureau): Odisha Chief Minister Mohan Charan Majhi on Thursday expressed optimism about attracting foreign investments after a productive meeting with ambassadors and representatives from 34 countries in New Delhi. The discussions, which focused on the state’s investment potential, emphasized sectors such as semiconductors, petrochemicals, information technology, green energy, electronics, and food processing.
After the meeting, CM Majhi said, “I had a fruitful discussion with the representatives of different countries. We expect significant investment in key sectors that will bolster Odisha’s economic growth.” He presented the state’s vibrant industrial landscape and the myriad opportunities it offers to global investors, highlighting Odisha’s commitment to becoming an industrial powerhouse.
Among the countries represented in the discussions were Indonesia, Norway, Singapore, China, Japan, Brazil, Argentina, the USA, Thailand, Vietnam, and the UK. Majhi also engaged in one-on-one meetings with various industry bodies and associations, where he provided insights into Odisha’s conducive policies, ease of doing business, and overall investor-friendly environment.
With a target to attract investments worth Rs 5 lakh crore over the next five years, the Odisha government is keen to showcase its strategic location and rich natural resources as compelling reasons for investors to consider the state. CM Majhi extended a personal invitation to global investors to attend the upcoming ‘Utkarsh Odisha: Make in Odisha Conclave-2025,’ scheduled for January 28-29 in Bhubaneswar, further emphasizing the state’s commitment to fostering industrial development.
Attendees at the meeting included Odisha Industries Minister Sampad Chandra Swain, Chief Secretary Manoj Ahuja, and other senior government officials, who collectively outlined Odisha’s transformation from an agrarian state to a burgeoning industrial hub.
Chief Secretary Ahuja highlighted the strategic advantages and the robust policies designed to attract and support investors.
As Odisha positions itself as a favorable destination for foreign investment, these discussions mark a significant step toward realizing its ambitious growth targets and enhancing its role in the national economy.
