Odisha Government secures US$50bln investment in 2 years as it seeks FDI from UAE to fuel high-growth economy

Odisha Government secures US$50bln investment in 2 years as it seeks FDI from UAE to fuel high-growth economy

Dubai, UAE: Riding on the last two years of a high level of investments approved by Government of Odisha, amounting to over US$50 billion since 2021, the state Government of Odisha in India is attracting Foreign Direct Investment (FDI) in sectors such as Metals and Metal downstream, Chemicals and Petrochemicals, Textiles and Apparel including Technical Textiles, Food processing including Seafood processing, ESDM, Logistics and Clean Energy.

In this regard, the Odisha Investors Meet was held in Dubai today under the leadership of Shri Naveen Patnaik, Hon’ble Chief Minister of Odisha, India, along with a delegation of senior officials from the Government of Odisha.

The Investors Meet was jointly organised with the Federation of Indian Chambers of Commerce and Industry (FICCI) and the Embassy of India in UAE. It was attended by more than 150 companies based out of the UAE and the Middle East and North Africa (MENA) region from sectors comprising of Minerals and Metals processing, Petrochemicals, Chemicals, Plastics, Heavy Industries, Clean Energy, Food Processing including Sea Food Processing, Electrical Equipment and Electronics Manufacturing, Logistics and Warehousing, Real Estate, and Hospitality. Leading industry associations from the region including Indian Business and Professional Council (IBPC) also participated in the event.

During the Investors