Ahmedabad: Odisha Chief Minister Mohan Charan Majhi on Tuesday invited Gujarat-based companies to invest in the state, positioning Odisha as a gateway to eastern and South East Asian markets.
Two-Coast Strategy for India's Growth
Majhi, who is on a three-day visit to Gujarat with senior state officials, emphasized that stronger industrial ties between the two coastal states could support India's growth ambitions. "Gujarat and Odisha will create a two-coast strategy, and it will play a major role in making India a developed country," he said during an investor meet in Ahmedabad.
Investment Momentum in Odisha
Highlighting Odisha's recent investment momentum, Majhi stated that the state government had approved 433 projects in the last 22 months with proposed investments worth Rs 8.37 lakh crore. "Out of this, around Rs 3 lakh crore investment is already under progress," he added.
He noted that Odisha's industrial base was expanding beyond minerals and metals into textiles, medical devices, logistics, and new-age sectors. "We invite industries from Gujarat for expansion projects in the East. It allows access to North East markets and also port connectivity to eastern countries," Majhi said.
Opportunities for Gujarat Entrepreneurs
Majhi acknowledged that Gujarat entrepreneurs had made a major contribution to India's economic development and could find strong opportunities in Odisha's growth story. Officials of the Odisha government also briefed industry leaders on the state's investment policies.
Officials mentioned that companies including Welspun, Epigral, Kiri Industries, and Ratnamani Metals were already investing in Odisha, setting a precedent for further industrial collaboration between the two states.
