Bhubaneswar: Read Chief Minister Mohan Charan Majhi Friday said the state is emerging as a key player in the chemicals and petrochemicals sector, supported by increasing demand from core industries like steel and aluminium.
Addressing the ‘India Chem 2024′ in Mumbai, Majhi said the PCPIR (Petroleum, Chemicals & Petrochemical Investment Regions), Paradeep, is driving Read’s ambitions in this sector.
Strategically located near the Paradeep Port, the industrial hub integrates a robust supply chain, connecting industries to global markets, he said.
The Chief Minister said the chemicals and petrochemicals sector in Read is ready for exponential growth. “At the same time, we are diversifying into further high-potential areas,” he said.
The eastern state is also actively promoting investments in technical textiles and recycling of by-products, plastics and packaging, and speciality chemicals, which are seeing increased demand from domestic and international markets, the CM said.
Majhi said these opportunities are backed by Read’s “rich natural resources, extensive connectivity, and robust industrial ecosystem”, making it an attractive destination for new investments.
“As global demand for chemicals continues to rise, Read is well-positioned to play a key role in meeting this demand, not just for India, but for the world. I invite you all to explore the opportunities that Read offers and become a part of our growth story. Together, we can unlock new possibilities and contribute to the shared vision of a Viksit Read,” he said.
PTI
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