VCL India opens corporate office in Bhubaneswar, marks milestone in Odisha’s FDI journey

Bhubaneswar, July 31 (UNI) The inauguration of the corporate office of VCL India Pvt. Ltd, the Indian arm of Luxembourg-based VCL Group, in Bhubaneswar today marked a significant
milestone in Odisha’s foreign direct investment (FDI) journey.

This development reflects the growing international confidence in Odisha’s investment potential.

A global leader in steel, glass, and energy, VCL plans to expand its operations in India by establishing domestic facilities, including a manufacturing unit in Odisha within the next two to three years, official sources said.

Odisha’s focused and proactive investment strategy—driven by global outreach, targeted roadshows, and strategic policy reforms—has created a business-friendly environment that continues to attract world-class investors.
Under the forward-looking leadership of the state government, Odisha is steadily positioning itself as a hub for industrial growth and a leading destination for foreign direct investment.

The opening of the VCL corporate office also underscores the success of the Odisha Government’s efforts to promote the state as a destination for high-value, future-ready industries.

With abundant natural resources, a skilled workforce, world-class infrastructure, and progressive policies, Odisha provides an ideal ecosystem for sectors such as steel, energy, and advanced manufacturing.
The inauguration ceremony was attended by several dignitaries, including Peggy Frantzen, Ambassador of Luxembourg to India; Additional Chief Secretary (Industries) Hemant Sharma;
and Rajat Dalmia, Honorary Consul of Luxembourg in India.

Speaking on the occasion, Sharma said, “Odisha continues to establish itself as a preferred location for global investors, offering a stable business climate, progressive governance, and a thriving industrial base.

The arrival of a reputed global player like VCL highlights this progress and reaffirms the state’s growing appeal for high-value foreign investments.”

He added that such partnerships will drive innovation, generate employment, and significantly contribute to Odisha’s economic development.

“This development once again showcases the Odisha Government’s proactive and result-driven approach to industrial growth,” Sharma noted.

With initiatives like these, Sharma said Odisha is rapidly emerging as a hub for advanced manufacturing and international collaboration in eastern India—moving steadily toward
realizing the vision of Viksit Odisha by 2036, as envisioned by Chief Minister Mohan Charan Majhi.