Mumbai/Bhubaneswar, Oct 22: Odisha Chief Minister Mohan Charan Majhi on Thursday outlined the state’s ambition to transition from a mineral-driven economy to a chemical-driven industrial economy, leveraging its mineral resources, ports, existing industrial base and emerging investment opportunities.

The Chief Minister participated at the 14th edition of India Chem 2026 at the Bombay Exhibition Centre, Mumbai.

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The three-day event, being organised by the Department of Chemicals and Petrochemicals, Government of India, in association with FICCI, will continue till October 24.

Speaking at the event, the Chief Minister highlighted Odisha’s strategic advantages through Paradip, Gopalpur and Dhamra ports, which offer connectivity to domestic and international markets.

He underscored the significance of the Paradip Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR), Indian Oil Corporation Limited’s refinery and petrochemical complex, and the Plastic Park at Paradip in creating downstream opportunities in polymers, packaging and technical textiles.

He also highlighted emerging opportunities in refrigerants, fluorochemicals, green hydrogen and green ammonia at Gopalpur, alongside coal-gasification-based projects at Talcher and Lakhanpur. These developments, he noted, can help strengthen domestic manufacturing and expand Odisha’s role in India’s chemical and petrochemical value chain.

The Chief Minister stated that nearly 200 industrial units had been established in Odisha in less than two-and-a-half years, representing investments of approximately ₹3.52 lakh crore. The state has received investment proposals exceeding ₹22.50 lakh crore, of which more than ₹12.50 lakh crore have been approved by the High-Level Clearance Authority (HLCA).

He also referred to the September 2026 investor outreach in the UAE, where investment proposals worth approximately ₹2.5 lakh crore were received, including around ₹2.10 lakh crore from International Holding Company (IHC). Several proposals relate to chemicals, petrochemicals and critical minerals.

Emphasising the state’s investor-friendly approach, Majhi highlighted Odisha’s industrial policy support, infrastructure, skilled workforce and institutional ecosystem, including the support available through the Institute of Chemical Technology (ICT) and the Central Institute of Petrochemicals Engineering and Technology (CIPET).

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“Odisha is ready to contribute at scale to realise India’s one-trillion-dollar chemical dream by 2040,” the Chief Minister said, inviting investors to explore opportunities across the State.

He added, “Your success is our success,” and called upon industry leaders to “Come, Invest in Odisha and be a part of Samruddh Odisha.”

India Chem 2026 provides a platform to strengthen India’s position in the global chemicals and petrochemicals industry, with a focus on investment, innovation, advanced manufacturing and international collaboration. The sector is projected to reach USD 300 billion by 2030 and USD 1 trillion by 2040. The event features Japan as the partner country and Madhya Pradesh as the partner state, with participation from international delegates, exhibitors and business leaders.