Prime Minister Narendra Modi emphasized the importance of establishing robust supply and value chains within India during the inauguration of the Utkarsh Odisha Conclave at Janata Maidan, Bhubaneswar. Addressing a gathering of industrial leaders and policymakers, he highlighted the need for self-reliance to safeguard against global disruptions.
“In today’s dynamic global environment, fragmented or import-dependent supply chains are no longer viable for India. We must build resilient systems that can withstand external fluctuations,” he stated. The Prime Minister urged industries to support MSMEs and youth-led startups, stressing the shared responsibility of businesses and the government in achieving this goal.
He further pointed out India’s ambition to become the world’s third-largest economy. “Our growth cannot be sustained by simply exporting raw materials. We are revolutionizing the ecosystem with a new vision to ensure value addition and manufacturing happen within the country,” Mr. Modi said.
Citing examples, he criticized outdated practices such as exporting minerals and seafood for processing abroad, only to re-import the finished products. “This trend must change, and India is taking decisive steps to reverse it,” he asserted.
Eastern India as a Growth Hub
PM Modi underscored eastern India’s potential as a development engine, with Odisha playing a pivotal role. He praised the state’s rich mineral resources and strategic coastline, which he described as a gateway to South-East Asian trade.
“Odisha was historically a major player in trade and industry. Today, unprecedented opportunities are opening up, making it the perfect time for investors to contribute to its development journey,” he added.
Highlighting Odisha’s cultural and economic significance, the Prime Minister called it “a land of opportunities,” urging industries to explore business prospects in the state.
State Commitment and Industry Support
Odisha Chief Minister Mohan Charan Majhi expressed the state’s commitment to creating a favorable investment climate. “Odisha is prepared to support investors for long-term success,” he assured.
The event saw the participation of prominent industrialists, including Kumar Mangalam Birla, Sajjan Jindal, Naveen Jindal, Karan Adani, Anil Agarwal, and T.V. Narendran. Multiple investment agreements are expected to be signed during the conclave, signaling significant economic prospects for the region.
