City
Epaper

Odisha could become next global hub for synthetic fibre-based textile industry: Oerlikon director Debabrata Ghosh

By IANS | Updated: January 28, 2025 07:15 IST

New Delhi, Jan 28 Preparations for the 'Utkarsa Odisha: Make in Odisha Conclave 2025' scheduled to take place ...

Open in App

New Delhi, Jan 28 Preparations for the 'Utkarsa Odisha: Make in Odisha Conclave 2025' scheduled to take place on January 28 and 29 in Bhubaneswar are in their final stages. Speaking ahead of the event, Debabrata Ghosh, Director and Marketing Head of Oerlikon, one of the largest textile machinery manufacturing companies in the world, shared his insights on Odisha's potential to become a global leader in the synthetic fibre-based textile industry.

While speaking to IANS, Ghosh said, "I am the Director and Marketing Head of Oerlikon in India, with our headquarters based in Switzerland and Germany. I am here in Odisha because I strongly believe that this state has the potential to become the next global engine for the synthetic fibre-based textile industry. Indian Oil and MCTI have announced a joint venture to establish a spinning plant in Odisha, which will serve as the foundation for the fibre-based industry and the development of government schemes in the region."

Ghosh highlighted that this move would position Odisha as a leader in the sector, as Eastern India has so far lacked a large integrated plant for the textile industry.

"Odisha has numerous advantages, including access to ports, mineral resources, and an affordable labour force. With more than 50 per cent of Eastern India’s population residing here, Odisha stands to benefit greatly from such an industrial boost."

He further emphasised Odisha’s bright future, especially in textiles and industries, due to its growing infrastructure and business-friendly policies.

"India is growing at a steady rate of 8 per cent annually. In 2000, the country's GDP was $442 billion, and by 2025, we are expected to reach nearly $4 trillion.

His optimism about the future of Odisha and India aligns with the government’s push to attract investment and establish the region as a key industrial hub in the coming years.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

InternationalStakeholders from Nepal and India stress need for promoting cross-border tourism

InternationalHadi murder and managed chaos: Agencies flag bid to stoke anti-India sentiments in Bangladesh, delay polls

EntertainmentSunita Ahuja supports Deepika Padukone’s call for 8-hour shifts for actors

NationalHM Amit Shah discusses constitution of port security bureau for ships

HealthThis tiny protein helps control how hungry you feel: Study

Business Realted Stories

BusinessWomen Entrepreneurs at the Centre of Uttar Pradesh's Technology-led Livelihood Transformation

BusinessGovt empowering SC and ST entrepreneurs in MSEs: Minister

BusinessElan Group Signs Levo Spalon to Offer Residents a Luxury Salon & Wellness Experience at Elan The Statement in Sector 49, Gurugram

BusinessIndia's flexible workspace market to grow threefold to USD 9-10 billion by 2028: Report

BusinessTelecom PLI clocks Rs 96,240 crore sales in 2025, 5G now covers 99.9 pc of districts