Bhubaneswar, Aug 26: Odisha showcased its potential as a competitive destination for chemicals, petrochemicals and allied investments at the Global CEO Roundtable on India’s Chemicals Sector: Charting the Path to USD 1 Trillion by 2040, held at Bharat Mandapam in New Delhi.
Convened by the Department of Chemicals and Petrochemicals, Ministry of Chemicals and Fertilizers, in partnership with Invest India, the roundtable was chaired by Union Minister of Health and Family Welfare and Chemicals and Fertilizers, J P Nadda in the presence of MoS Anupriya Patel. The mega event saw a participation of CXO level delegates from more than 30 leading global and Indian chemical companies.
Representing the Government of Odisha, Hemant Sharma, Additional Chief Secretary, Industries Department, presented the State’s opportunities across chemicals, petrochemicals, plastics and allied manufacturing.
Sharma highlighted Odisha’s long coastline, major ports, large industrial land parcels, feedstock availability and dependable utilities, together with the State’s vision to develop a diversified, chemicals-driven ecosystem based on downstream value addition and employment generation.
Key investment destinations include the Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) at Paradip, anchored by the Indian Oil Corporation refinery and petrochemicals complex; the port-based industrial complex at Dhamra; and industrial areas adjoining Gopalpur Port with blanket Environmental Clearances, apt for early grounding of red and orange category industries.
Chemicals, petrochemicals and technical textiles are thrust sectors under Odisha’s Industrial Policy Resolution 2022 and qualify for the highest bracket of incentives. On the sidelines, the Odisha delegation held focused meetings with companies exploring projects in titanium pigments, adhesives, BOPP ((Biaxially Oriented Polypropylene) films and fertilizers.
Discussions also covered suitable locations, infrastructure, utilities, incentives and facilitation support, with the State reiterating its commitment to assist investors through project planning, site identification, approvals and implementation.
Odisha’s participation reflects its sustained outreach to convert investor interest into projects, strengthen downstream and ancillary value chains, and generate employment. Backed by strategic ports, industrial land, reliable utilities and a progressive policy framework, the State is positioning itself as a long-term partner for globally competitive manufacturing in line with the vision of Samruddha Odisha by 2036.
Emphasising the national ambition, Nadda, in his adress, said, “The sector has to touch the USD 1 trillion vision by 2040,” and underlined the need for sustained investment, technology development and stronger domestic manufacturing. During the interactions, he also reaffirmed the Central Government’s commitment to supporting the development of emerging chemical and petrochemical hubs at Gopalpur and Paradip, complementing the State Government’s efforts to strengthen Odisha’s industrial ecosystem.
Patel highlighted recent manufacturing reforms and reiterated the Government’s intent to act as an active growth partner by reducing administrative burdens and improving long-term investment viability.
