CM Shri Mohan Charan Majhi delivering keynote address at IndiaChem2024
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Bhuvneshwar, CM Shri Mohan Charan Majhi delivering keynote address at IndiaChem2024 in Mumbai, a biennial international expo and conference organised by Ministry of Chemicals and Fertilizers, Department of Chemicals and Petrochemicals on 18 October 2024.
Speech of Hon'ble Chief Minister Shri Mohan Charan Majhi at IndiaChem 2024 in Mumbai on 18 October 2024 (IndiaChem is a biennial event by Ministry of Chemicals and Fertilizers, Dept of Chemicals and Petrochemicals)
It is my privilege to stand before you today at India Chem 2024 and speak about the prospects of Chemicals and Petrochemicals sector in Odisha.
Under the visionary leadership of our Hon’ble Prime Minister Shri Narendra Modi ji, we stand here today on the threshold of a new era—Purvodaya, the resurgence of Eastern India. Odisha is poised to be at the forefront of this new journey towards a Viksit Bharat. Our state is ready to play a key role in driving India’s industrial growth.
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.
The chemicals and petrochemicals sector in Odisha is ready for exponential growth, supported by increasing demand from core industries such as steel, aluminium, and petrochemicals. At the same time, we are diversifying into further high-potential areas.
Odisha is actively promoting investments in:
• Technical textiles and recycling of by-products, which offer promising growth.
• Plastics and packaging, with specialty chemicals, which are seeing increased demand from domestic and international markets.
• Pharma chemicals, a growing area of focus which has tremendous potential for expansion.
• Anode and Cathode chemicals for the expanding battery and electric vehicle markets.
• Green fuel production to support the global shift towards cleaner energy.
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 etc have expanded their operations in the state, contributing to the growth of downstream industries and creating opportunities across the value chain.
Furthermore, 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. Their investments are helping Odisha build a diversified chemicals sector that caters to a wide range of industrial needs.
Odisha’s future in the chemicals and petrochemicals sector looks brighter than ever. Our strategic location on the east coast of India, 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.
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.
Finally, I would like to inform you that the Government of Odisha is organizing the “Utkarsh Odisha: Make in Odisha Conclave 2025”, the state’s flagship Global Investors Summit in Bhubaneswar, Odisha on 28th and 29th January 2025. In this context, we are hosting a Session on Investment Opportunities in Odisha tomorrow in Mumbai, at Trident Hotel Nariman Point. I invite you all to join us and explore opportunities in our state and partner with us in Odisha’s Growth journey.
