Odisha has secured investment intents worth ₹2.43 lakh crore with an estimated employment potential of 6.18 lakh jobs during Chief Minister Mohan Charan Majhi’s three-day investment outreach to the United Arab Emirates.
The outreach across Abu Dhabi and Dubai resulted in eight Memoranda of Understanding (MoUs) and 16 Investment Intent Forms (IIFs). The engagements included 26 one-to-one meetings and six roundtable discussions with investors, bringing together UAE-based investors, global business leaders, sovereign and institutional stakeholders, Indian diplomatic representatives and members of the Odia diaspora.
The concluding day featured the Odisha Investors’ Meet-UAE 2026 in Dubai, which was attended by around 400 business leaders and investors. The discussions focused on Odisha’s industrial ecosystem, investment policies and opportunities across emerging and high-growth sectors.
Among the agreements signed during the outreach, CAZBAA Project Ventures FZCO entered into an MoU for LNG storage, while Rana Holdings Limited committed to investments spanning green energy, artificial intelligence data centres and rare earths. Sharaf Group signed an agreement in the housing sector, while PTCL Infrastructure expressed interest in steel and downstream manufacturing.
Investment intents were also received from Dalwin Marine and Turbo Power Engineering for ship-repair facilities, Ion Technologies Pvt Ltd for a propellant manufacturing plant, and Agrifields FZCO for fertiliser and chemical projects.
The investment proposals covered a wide range of sectors, including travel and tourism, logistics, finance, processed food, critical minerals and rare earths, metals and mining, aluminium and steel downstream industries, chemicals and petrochemicals, green energy, LNG, IT and ESDM, artificial intelligence, data centres, healthcare, infrastructure, real estate, circular economy, ship repair, fertilisers and propellant manufacturing.
The outreach had begun in Abu Dhabi, where the Odisha delegation engaged with government representatives, sovereign and institutional investors and business stakeholders. A major interaction involving International Holding Company (IHC) and Adani Group explored opportunities in critical minerals and rare earths, metals and metallurgy, chemicals and petrochemicals, renewable energy equipment, healthcare, industrial infrastructure, tourism and skill development.
The delegation also held discussions with Borouge on the potential development of a petrochemical downstream ecosystem in Odisha and interacted with the Indian Business and Professional Group on trade, exports and investment opportunities. On the second day, sectoral discussions covered IT and ESDM, agro and food processing, steel and downstream manufacturing, logistics, skilling, rare earths, circular economy, chemicals and aluminium.
Majhi also visited Emirates Global Aluminium to study advanced aluminium manufacturing and value-addition practices that could support Odisha’s downstream industrial ecosystem. The Chief Minister highlighted the state’s natural resources, competitive energy availability, strategic ports, industrial infrastructure, skilled workforce and established industrial base as key advantages for investors.
The Odisha government said the UAE outreach was aimed not only at attracting individual investments but also at building long-term partnerships in manufacturing, trade, technology, exports, innovation, skills and entrepreneurship. Industries Minister Sampad Chandra Swain reiterated the government’s commitment to “Speed, Certainty and Execution” and assured investors of institutional support throughout the project lifecycle.
The visit also strengthened the engagement with the Odia diaspora in the UAE, with more than 800 members attending an interaction with the Chief Minister in Dubai. The state government will now focus on converting the investment interests and proposed partnerships into projects, with emphasis on faster implementation, value creation and employment generation.
