Odisha Set to Emerge as a Global Hub for Synthetic Fibre Textiles: Insights from Oerlikon's Debabrata Ghosh
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Synopsis
Debabrata Ghosh, Director of Oerlikon, discusses Odisha's potential to lead in the synthetic fibre textile industry as preparations for the 'Utkarsa Odisha: Make in Odisha Conclave 2025' are finalized.
Key Takeaways
- Odisha is poised to be a global leader in synthetic fibre textiles.
- Joint ventures like Indian Oil and MCTI's spinning plant are crucial.
- Eastern India lacks large integrated textile plants.
- Odisha offers access to ports, resources, and an affordable workforce.
- India's economy is projected to grow significantly, boosting manufacturing.
New Delhi, Jan 28 (NationPress) The preparations for the 'Utkarsa Odisha: Make in Odisha Conclave 2025', scheduled for January 28 and 29 in Bhubaneswar, are nearing completion. Ahead of the event, Debabrata Ghosh, who serves as the Director and Marketing Head of Oerlikon, one of the world's leading textile machinery manufacturers, provided his perspective on Odisha's potential to emerge as a global frontrunner in the synthetic fibre-based textile industry.
During an interview with IANS, Ghosh remarked, "I am the Director and Marketing Head of Oerlikon in India, with our headquarters located in Switzerland and Germany. My presence in Odisha stems from my firm belief that this state is poised to become the next global powerhouse for the synthetic fibre-based textile sector. The joint venture between Indian Oil and MCTI to establish a spinning plant in Odisha will lay the groundwork for the fibre-based industry and bolster government initiatives in the area."
Ghosh pointed out that this initiative would establish Odisha as a pivotal player in the industry, as Eastern India has lacked a significant integrated textile plant thus far.
"Odisha boasts numerous advantages, such as access to ports, valuable mineral resources, and a cost-effective workforce. Given that over 50 percent of Eastern India’s populace resides here, the state stands to gain tremendously from such an industrial uplift."
He further underscored the promising future of Odisha, particularly in textiles and related sectors, attributed to its advancing infrastructure and business-friendly policies.
"India is currently expanding at a robust annual rate of 8 percent. In 2000, the nation's GDP was $442 billion, and projections indicate it could reach nearly $4 trillion by 2025. By 2046, India’s economy may approach $30 trillion. This growth trajectory indicates a 12 percent increase in the manufacturing sector over the next two decades. India has now become the world’s fastest-growing large economy, and under the leadership of Prime Minister Narendra Modi, it is on track to emerge as a significant industrial powerhouse with a solid manufacturing foundation," Ghosh concluded.
His optimism regarding the future of Odisha and India is consistent with the government's strategy to attract investment and develop the region into a vital industrial hub in the years ahead.
