Odisha Emerges as Investor-Friendly Hub: Luxembourg Diplomacy Fosters Steel Sector Growth

The Luxembourg Ambassador to India, Peggy Frantzen, emphasized Odisha's attractive investment climate, praising its potential as an investor-friendly region. Her remarks came during the inauguration of the corporate office of VCL India Private Limited in Bhubaneswar.

Frantzen highlighted the fruitful Luxembourg-India partnership in the steel sector, wishing VCL continued success in its Indian ventures. Mario Kratz, Chairman of VCL SA & CEO of SAB Group, reaffirmed their commitment to Odisha's industrial growth, citing the move to Bhubaneswar as a strategic decision to enhance proximity to customers.

Odisha's Industries Secretary, Hemant Sharma, underscored the state's appeal to foreign investors, emphasizing its rising status in India's steel landscape. The event attracted notable figures, including industry leaders and Luxembourg's Consul in India, emphasizing the region's growing significance to global investors.

(With inputs from agencies.)