Odisha attracts thousands crore investment at Make in India week

MUMBAI: Odisha is expected to attract thousands of crores rupees at the Make in India week being organised in Mumbai as several investors have proposed to set up their industries in Odisha.

Odisha Chief Minister Naveen Patnaik on Sunday held one to one meetings with several investors wooing them to invest in the state, which has set a target to attract Rs 1.73 lakh crore investments by 2019-20.

Chief Minister also held a discussion with Ambassador of Korea fuelling speculation that they have discussed the $12 billion steel project of Posco proposed to be set up in Jagatsinghpur district. The project is yet to see the light of the day even after signing of MoU in 2005.

While investors proposed to set up their industries, Japan proposes to develop Bhubaneswar as Smart City.

• Siemens along with Tata group proposes to develop Bhubaneswar as a smart city
• The Indonesian major plans to set up a solar panel manufacturing facility at Bhubaneswar
• GMR group proposes to expand operations across all verticals in the State.
• Celanese, a Fortune 500 company, meets Hon’ble CM. Plans to set up an ethanol plant at Paradip
• Nestle plans food processing facility and engagement in social development in Odisha.
• Sanmina Inc. to explore setting up a Rs 1000 crore electronics manufacturing facility in Odisha
• Volkswagen delegation to visit Odisha to explore opportunity for investment
• Ruchi Soya to set up 2 new food processing facilities in Odisha at an investment of Rs 250 crore
• ITC to make Odisha the hub for its food processing business
• Global Aerospace major to explore opportunities for setting up aerospace & maritime facilities in Odisha
• China to set up industrial parks in Odisha, to visit Bhubaneswar tomorrow itself to explore potential locations
• Japan to collaborate with Odisha in developing Bhubaneswar as a smart city
• Odisha to share its vision for the next decade with the release of Long Term Industrial Development Plan – Vision 2025