Dubai, Sept. 11 (UDN): Odisha’s investment drive in the UAE gathered momentum on Thursday as Chief Minister Mohan Charan Majhi secured investment proposals worth Rs 8,417 crore, with the commitments expected to generate around 14,310 jobs across multiple sectors.
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The commitments emerged during a day of high-level engagements in Dubai, where the Chief Minister met UAE ministers, business leaders, global investors and industry representatives to strengthen economic ties and promote Odisha as an investment destination.
According to the state government, five Memorandums of Understanding (MoUs) were signed, while eight investment proposals were received during the outreach.
Investments Across Diverse Sectors
The proposed projects span a broad range of industries, including information technology, real estate, logistics, food processing, agriculture, steel, rare earth chemicals, aluminium, and the circular economy, reflecting growing interest in Odisha’s expanding industrial landscape.
Focus on India-UAE Economic Cooperation
A key highlight of the visit was Majhi’s meeting with UAE Minister of Economy and Tourism Abdulla bin Touq Al Marri, where both sides discussed avenues to deepen trade and investment cooperation.
During the discussions, the Chief Minister showcased Odisha’s improving ease of doing business, robust industrial infrastructure and sector-specific opportunities, while inviting UAE investors to participate in the state’s aluminium ecosystem and downstream manufacturing industries.
Sharaf Group Signals Investment Interest
Majhi also held talks with Shyam Kapoor, President and CEO of the Sharaf Group, on potential business collaborations in Odisha. During the meeting, Kapoor expressed interest in investing in the state, signalling confidence in its evolving industrial ecosystem.
Emerging Sectors in the Spotlight
Speaking on Odisha’s long-term growth prospects, the Chief Minister said the state is witnessing rising opportunities in semiconductors, data centres, renewable energy, green hydrogen, green ammonia, pharmaceuticals, textiles and apparel.
He noted that Odisha has already signed investment agreements worth nearly Rs 22 lakh crore, with several projects under implementation, others in the pipeline, and more expected to be launched in the coming months.
The Dubai outreach forms part of Odisha’s broader strategy to attract global capital, expand industrial partnerships and position the state as a key manufacturing and investment hub in eastern India.
