Spain-Odisha Partnership: A Path to Sustainable Growth
Key Ideas
- Spain expresses interest in partnering with Odisha in sectors like renewable energy, metallurgy, textiles, and automobiles.
- Chief Minister Majhi showcases Odisha's economic growth and pitches it as a promising investment destination with a focus on industry-friendly policies.
- Discussions with the Spanish ambassador revolve around technology-led sustainable collaborations, tapping into Odisha's steel and refractory ecosystem, and inviting Spanish companies to invest in renewable energy and textiles in the state.
- Key investments include TIMAB Magnesium India Pvt Ltd setting up a refractory unit and the invitation for Spanish companies like Siemens Gamesa, Acciona, and Iberdrola to explore opportunities in renewable energy projects in Odisha.
Spain has shown a strong interest in partnering with the Indian state of Odisha across various sectors like renewable energy, metallurgy, textiles, and automobiles. The Spanish ambassador to India, Juan Antonio March Pujol, discussed potential collaborations with Chief Minister Mohan Charan Majhi in Bhubaneswar. The focus was on fostering long-term strategic cooperation and leveraging Odisha's industrial landscape. Chief Minister Majhi highlighted Odisha as an ideal investment destination, emphasizing its growth and industry-friendly environment. Discussions included investments in the steel and refractory sector, with TIMAB Magnesium India Pvt Ltd planning a significant investment. Additionally, Odisha's renewable energy policies were underlined, with invitations extended to Spanish companies to explore projects in solar parks, offshore wind, floating solar, and green hydrogen. The textile sector was also a point of interest, with Odisha's skilled labor and textile parks being pitched as suitable for partnerships with Spanish fashion giants. Overall, the engagement aims to promote sustainable growth and strengthen economic ties between Spain and Odisha.