Delegation led by Odisha CM to visit Mumbai for investment roadshow

Bhubaneswar: In the run-up to the Make in Odisha Conclave 2018, the Government of Odisha is organizing an investment roadshow in Mumbai in association with its industry partner Federation of Indian Chambers of Commerce and Industry (FICCI) on August 8.

The focus of the roadshow will be on showcasing tremendous investment potential and business opportunities in Odisha to investors.

The senior level State delegation will include Ananta Das, Minister for Industries, Aditya Prasad Padhi, Chief Secretary, R Balakrishnan, Development Commissioner, and Sanjeev Chopra, Industries Secretary, among others.

The delegation will meet investors from 07th to 09th August. The CM will hold one-to-one meetings with many industry captains during the visit.

During the meetings with investors, the strategic advantages of Odisha will be highlighted such as the low cost of doing business, incentives for investors, dedicated sector-specific clusters and over 1,25,000 acres of land bank available for industrial development.

The industrial infrastructure at National Investment Manufacturing Zone (NIMZ), Kalingnagar, food processing park at Khordha and Chhatabar, textile and apparel parks at Ramdaspur and Dhamnagar, aluminium park at Angul and plastics park at Paradip.

The investment roadshow is expected to witness encouraging response with over 300 leading companies confirming their participation to explore attractive growth opportunities across Odisha’s focus sectors – food processing and seafood, ancillary and downstream industries in metals sector, textiles, ESDM manufacturing, chemicals, plastics and petrochemicals.

Sanjeev Chopra said, “We are pleased to receive an encouraging response from the business community of Mumbai. Odisha’s investor-friendly policies and the development of world-class infrastructure have received very positive feedback from investors across the country as we have been able to create an ideal business ecosystem for various sectors to flourish in the state.

We have seen a significant rise in attracting manufacturing projects with more than 118 large projects approved with an employment potential of 1,28,572 in the past 4 years alone in the State. The average time taken for approval of the projects is also reduced to 20 days from the date of receipt of the completed project application. We are positive about attracting significant investments from Mumbai-based companies in the near future.”

Subsequent to the Make in Odisha Conclave 2016, the first groundbreaking ceremony was held in November 2017 for 15 manufacturing units which grounded investments worth INR 11,690 Cr with scope to generate 8,187 jobs.

The second groundbreaking ceremony in June 2018 witnessed the inauguration of 7 manufacturing units and groundbreaking of 12 units with cumulative investment grounded at INR 2,675 Crore.

This will create 8,953 jobs. The second edition of the biennial Make in Odisha Conclave 2018 has been scheduled to be held in Bhubaneswar from November 11-15, 2018.