The conclave, taking place from January 28 to 29, will kick off with a grand reception at Bhubaneswar Airport, where PM Modi will be welcomed by Bharatiya Janata Party (BJP) leaders. Following the warm welcome, the Prime Minister will head to the event venue at Janata Maidan to officially launch the summit.

The Utkarsh Odisha conclave is designed to position the state as a central player in India’s industrial growth, in alignment with the Purvodaya Vision. The state’s ambition is to emerge as a leading investment hub and industrial powerhouse, benefiting from its rich resources and strategic location.

One of the key highlights of the event will be the inauguration of the Make in Odisha Exhibition, which will showcase the state’s accomplishments in creating a vibrant industrial ecosystem. This exhibition will provide a platform for interaction between industry leaders, investors, and policymakers, focusing on the opportunities for investment and collaboration in Odisha.

The conclave is expected to attract over 7,500 investors from across the globe. It will feature a range of activities including CEOs and Leaders’ Roundtables, sectoral discussions, B2B meetings, and policy dialogues. These sessions will focus on key sectors such as Information Technology (IT), renewable energy, textiles, chemicals, and food processing.

In addition to local participants, 12 countries—Australia, Malaysia, Japan, Germany, Poland, and Cuba among them—have been invited as “Countries of Focus.” These nations will explore potential investment opportunities in Odisha, further enhancing the global outreach of the conclave.

The Odisha government is targeting an impressive Rs 5 lakh crore in investments, with plans to sign 100 Memorandums of Understanding (MoUs) during the event. However, Industry Minister Sampad Chandra Swain has emphasized that the focus will not just be on MoUs but on ensuring the effective implementation of projects that can drive sustainable industrial growth.

Through the conclave, Odisha aims to accelerate its journey toward becoming a global industrial hub, working towards its vision of a “Samrudh Odisha” by 2036 and contributing to the goal of a “Viksit Bharat” (Developed India) by 2047. The Utkarsh Odisha conclave is poised to be a defining moment in the state’s industrial transformation, fostering opportunities for both domestic and international investments.

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The meetings, held from January 13-14, 2025, brought together Minister Rajeev and top UAE officials, including UAE Minister of Investment Mohamed Hassan Al Suwaidi and Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Chamber of Commerce. These discussions proved fruitful, with the UAE confirming its commitment to the event by sending a special delegation to Kerala for the summit. The UAE’s strong support signals a new chapter in bilateral trade and investment between Kerala and the Gulf nation.

Strategic Areas of Collaboration

The meetings focused on areas of mutual interest, with Minister Suwaidi expressing particular interest in Kerala’s burgeoning logistics and food processing sectors. The UAE has seen its investments diversify across various industries, and Kerala’s established strengths in these sectors made it an attractive destination for capital inflows. To further assess potential investment opportunities, the Abu Dhabi Chamber of Commerce also announced plans to send officials to Kerala for preliminary site evaluations ahead of the IKGS.

The discussions underscored Kerala’s readiness to embrace international investment, as the state continues to evolve as a crucial player in India’s economic landscape.

Ambassador’s Remarks on Kerala’s Strategic Position

During the investor roadshow at Taj Dubai, Indian Ambassador to the UAE, Shri Sunjay Sudhir, highlighted the unique strategic position of Kerala in Indo-UAE relations. “Kerala stands out in the trade connection. From humble beginnings, we have reached a stage where India is the UAE’s second-largest trading partner,” Ambassador Sudhir noted. He further underscored the growing economic importance of the UAE’s capital, stating that Abu Dhabi has emerged as the “capital of capital” with its sovereign wealth fund assets surpassing those of many other global financial hubs.

Minister Rajeev’s Vision for Kerala’s Industrial Future

Minister Rajeev took the opportunity to address potential investors and challenge misconceptions about Kerala’s industrial landscape. He emphasized the state’s remarkable contributions to India’s economy, despite its relatively small geographic and demographic footprint. “Despite occupying just 1.16% of India’s land area and 2.8% of its population, Kerala contributes a remarkable 4% to the national GDP,” he pointed out, bolstered by compelling statistics about the state’s diverse industrial achievements.

The minister also spotlighted Kerala’s leadership in the medical device industry, revealing that the state accounts for 24% of India’s total medical device industry turnover and 17% of medical device products. This data demonstrates Kerala’s significant role in the healthcare sector, both domestically and globally.

Technological Innovation at Kerala’s Core

In addition to its industrial prowess, Minister Rajeev highlighted Kerala’s pioneering role in technology. He drew attention to the state’s long history of technological leadership, citing the establishment of Keltron in 1973 – India’s first public-sector electronics company – and Technopark in 1993, which remains the country’s first and largest technology park.

Today, Kerala’s technological expertise continues to shape India’s future, with Keltron managing cutting-edge AI-based traffic control systems for National Highways and smart city projects across the country. These achievements underscore Kerala’s robust infrastructure in technology, making it an attractive destination for both domestic and foreign investors.

Looking Ahead to the Global Summit

With strong backing from the UAE’s business and government leaders, the upcoming Invest Kerala Global Summit is poised to be a landmark event in the state’s investment journey. The summit promises to be an excellent platform for showcasing Kerala’s potential across key sectors, including logistics, food processing, medical devices, and technology. As Kerala continues to foster strong ties with international markets, it is on track to become a major player in the global economic landscape.

As the state gears up for the IKGS in February, all eyes will be on Kerala’s growing role as a dynamic economic hub, driven by innovation, industrial excellence, and strategic international partnerships.

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