US$880mn, 5 MoUs and 8 Investment Intents signal strong investor interest; 14,310 employment opportunities
The Indian state of Odisha further strengthened its investment engagement with the United Arab Emirates on the second day of the Chief Minister Shri Mohan Charan Majhi’s UAE visit, with a series of high-level meetings with UAE leadership, global investors, industry representatives and business institutions in Dubai.
The day witnessed 5 Memoranda of Understanding (MoUs) and 8 Investment Intents (IIFs), representing a combined investment potential of US$ 880mn and employment potential of 14,310.
The engagements covered a wide range of sectors, including information technology and IT-enabled services, real estate, logistics, food processing, agro and food processing, steel and steel downstream, rare earths, chemicals, aluminium and circular economy.
High-level meeting
The day commenced with a high-level meeting between the Chief Minister and HE Abdulla Bin Touq Al Marri, Cabinet Member and Minister of Economy and Tourism, UAE, and Chairman, Council of International Investments.
The discussions focused on strengthening economic and investment cooperation between Odisha and the UAE and exploring new opportunities for UAE-based investors and businesses in Odisha.
The Chief Minister highlighted Odisha’s growing industrial potential, strategic location, robust infrastructure, availability of natural resources, skilled manpower and investor-friendly policy environment. He invited UAE investors and business leaders to explore Odisha as a destination for long-term investment and partnership.
Investment Roadshow
The Chief Minister participated in the Odisha Investment Roadshow in Dubai, where the State showcased its industrial ecosystem and the wide range of investment opportunities available across sectors.
The presentation highlighted Odisha’s strengths in manufacturing, metals and downstream industries, information technology, infrastructure, logistics, food processing, chemicals, energy and other emerging sectors.
The Chief Minister emphasised that Odisha is creating an enabling ecosystem for investors through progressive policies, infrastructure development, ease of doing business and responsive governance.
He invited global businesses to partner with Odisha in its journey towards accelerated industrialization, employment generation and sustainable economic growth.
Interaction
The Chief Minister also participated in an interaction with the Indian Business & Professional Council (IBPC) in Dubai.
As part of the sectoral outreach, the Chief Minister visited a leading aluminium manufacturing facility in the UAE, Emirates Global Aluminium (EGA) gaining insights into advanced industrial operations, technology and global practices in the aluminium sector.
The visit provided an opportunity to explore areas of potential cooperation in technology, value addition and industrial development, particularly in the context of Odisha’s strong aluminium ecosystem and its growing focus on downstream manufacturing.
Investment opportunities
The Chief Minister also held a series of one-to-one and group interactions with investors and business leaders, presenting Odisha’s investment opportunities and highlighting the State Government’s commitment to facilitating projects.
As a result of the day’s engagements, 5 MoUs were signed, representing an investment potential of US$ 586mn and employment potential of 11,500. In addition, 8 Investment Intents (IIFs) were received, representing a proposed investment of US$ 295mn and employment potential of 2,810.
