Odisha Chief Minister Mohan Charan Majhi praised the signing of a Memorandum of Understanding between the Odisha government, Adani Enterprises Limited, and Abu Dhabi-based International Holding Company in the UAE as a significant moment for the state’s industrial history. The project, a joint venture between Adani Enterprises Limited and International Resources Holding, is set to become India’s largest Foreign Direct Investment in mining and metallurgy, creating over 53,500 job opportunities and positioning Odisha in the global aluminium supply chain.
Chief Minister Majhi highlighted the project’s $11.5 billion investment and expressed confidence in the partnership’s success by leveraging Odisha’s resources with Middle Eastern capital and expertise. The initiative aims to develop bauxite mining, alumina refining, aluminium smelting, captive power plants, downstream aluminium manufacturing, and supporting infrastructure in Odisha, focusing on value addition and employment generation.
Stressing the state’s commitment to sustainable industrialization and green metals, Chief Minister Majhi emphasized Odisha’s role in the sector’s growth. He also mentioned the government’s vision for ‘Samruddha Odisha 2036’ and ‘Viksit Bharat 2047,’ highlighting the broader collaboration with IHC Group beyond the aluminium project, including areas like research and development, metallurgy, digital systems, and Global Capability Centres.
Karan Adani, Managing Director of Adani Ports and Special Economic Zone Limited, commended Odisha’s rich heritage, mineral wealth, and industrial potential, noting the state’s significance in India’s industrial landscape with abundant bauxite and iron ore reserves.
