Bhubaneswar: Chief Minister Mohan Charan Majhi on Wednesday kicked off Odisha’s investor outreach in UAE with a high-level meeting with senior representatives of the International Holding Company (IHC), a leading Abu Dhabi-based investment group with interests across strategic sectors.
The discussions focused on potential investments in metallurgy, rare earth and critical minerals, coal-to-chemicals, port-based SEZs and industrial infrastructure.
Adani Group and IHC Group have expressed interest in exploring 14 projects for which MoUs have been signed. The proposed projects involve aggregate investment of approximately Rs 2,10,500 crore.
The projects are estimated to generate approximately 0.19 million direct/on-site, 0.40 million indirect and 0.28 million construction employment opportunities — a total of approximately 0.87 million jobs. These estimates are indicative and remain subject to feasibility studies, due diligence, requisite approvals and the execution of definitive agreements.
“Odisha offers a unique combination of natural resources, industrial capabilities, strategic location and a growing infrastructure ecosystem. We invite IHC and its group companies to explore long-term investment opportunities in Odisha, particularly in critical minerals, metallurgy, port-led development and emerging industrial sectors,” said the Chief Minister.
Majhi highlighted Odisha’s investor-friendly ecosystem and assured continued government support to facilitate strategic investments and partnerships. Senior officials of the state government, Adani Group and IHC were present on the occasion.