Mohan Charan Majhi Urges Singapore-Based Industrialists to Invest in Odisha's Growth

Odisha Chief Minister Mohan Charan Majhi is currently visiting Singapore to attract investments for the state. During his visit, he met with several industrialists, urging them to consider Odisha for their ventures. Among those he met was Ravin Jhunjhunwala, chairman of Orind Singapore Pte Ltd, who is interested in the bio-fertiliser sector. Majhi assured Jhunjhunwala of full support from the state government if he sets up a facility in Odisha.

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A high-level delegation led by Majhi is on a six-day official trip to Singapore. The aim is to engage potential investors and promote Odisha as an investment destination. The delegation visited Sembcorp Industries Ltd to explore advancements in renewable energy. They met with Wong Kim Yin, Group President and CEO, discussing Sembcorp's upcoming green ammonia project in Odisha and other renewable energy initiatives in India.

Investment Opportunities and Strategic Partnerships

The chief minister also engaged with Vivek Agarwal, promoter of Visa Group Ltd, encouraging him to expand operations in Odisha's steel and ferro-chrome sectors. He emphasised the potential for increased capacity, value-added products, and job creation. Additionally, Majhi invited Wong Kim Yin and Sembcorp officials to the Utkarsh Odisha Conclave scheduled for January 28-29 next year in Bhubaneswar.

Majhi's itinerary included meetings with CT Metrix founder Edward Morton, UBCT chairman B C Tan, and iHub Inc founder Sushant Patnaik. Discussions focused on semiconductors, medical equipment manufacturing, and smart city solutions. Majhi highlighted semiconductors and electronics manufacturing as priority sectors for Odisha, promising proactive measures to develop a strong electronics ecosystem.

Strengthening Economic Ties

"This is my first foreign visit as chief minister," Majhi stated. "We chose Singapore for the Odisha business meet due to its thriving industrial ecosystem and innovative practices." He noted that Singapore's excellence in infrastructure and urban management offers valuable lessons for Odisha's rapid urbanisation. India and Singapore share strong economic ties, which Odisha aims to enhance further.

The chief minister reiterated his government's commitment to facilitating investors by offering opportunities in handloom, seafood, and skilled workforce sectors. "Odisha’s strategic location on India’s eastern seaboard makes it a major investment hub," he said. Industries Minister Sampad Chandra Swain added that the day's engagements provided insights to improve Odisha's industrial ecosystem and attract global investments.

Upcoming Events and Future Prospects

The delegation arrived in Singapore on Saturday and plans to hold an investors' meet on November 19-20. Key industrialists from Singapore and industry leaders from Odisha, including Sunil Gupta from Vedanta Aluminium, will attend the event. This gathering will pave the way for global partnerships and serve as a precursor to the main conclave in Bhubaneswar.

The Bhubaneswar conclave aims to secure investments worth Rs 5 lakh crore over the next five years. Officials believe that these efforts will significantly boost Odisha's economy by attracting substantial global investments.