Captains of Indian industry have responded to Odisha’s request to invest in the state. The total investment intents received by the state as a lead up to this Conclave are to the tune of Rs 4 lakh 19,574 crore. These proposed investments have the potential to generate 5.91 lakhs additional jobs for the people of the state.
Odisha has garnered investment intent to the tune of Rs. 4 19,574 crore from the second edition of Make in Odisha conclave. This is almost double the amount that the state had received from the first edition of the event in 2016.
The state received foreign direct investment (FDI) to the tune of Rs 48,640 crores, a positive sign for the economy. These FDIs have come from Japan, Taiwan, Dutch and Thailand. Besides, it received investments in the aerospace and deference manufacturing sectors.After the valedictory function, Naveen made it clear that captains of Indian industry have responded to the state’s request to invest in Odisha. “The total investment intents received by the state as a lead up to this event are to the tune of Rs 4 lakh 19,574 crore. These proposed investments have the potential to generate 5.91 lakhs additional jobs for the people of Odisha,” he said.
Naveen said the investment has come in 15 diversified fields. “We are committed to ensure grounding of most of these events by the time we meet again for the Make in Odisha conclave will in 2020 ( November 30th December 4, 2020),” he said. Delegates from 19 countries joined the conclave in which Japan was the country partner.
Thanking the captains of Indian industry for reposing faith in the state, Naveen said, “ The Make in Odisha conclave was initiated in 2016 to realize our Odisha Industrial Development Plan: Vision 2025 to attract new manufacturing investments worth Rs 2 lakh 50,000 crore and create 30 lakh job opportunities in the identified four sectors.. We have seen an overwhelming response.”
Later in presence of the industry minister Ananat Das and chief secretary Aditya Prasad Padhi, industries secretary Sanjeev Chopra gave details of the investment proposals that the state has received.
Chopra said, “In the second make in Odisha conclave, the state has received 183 proposals. The highest number of investment proposals come in the minerals, metal and downstream industries. In these sectors, the state has received 53 proposals and the investment flow to the state in the sector would be Rs 2,36,435 crore. It will create additional employment opportunities for nearly 1.88 lakh people.”
He said, “The fertilizers, chemicals and fertilizer sectors have also received proposals to the tune of Rs 1,35,309 crore. It will create employment potential for 73,205 people.”
Another good thing for the state is that the state received six proposals for setting up industrial parks at an investment of Rs 8,432 crores.
The five top companies that want to invest in the state include Haladia Petro Chemicals and Refineries ( Rs 70,000 crore ), Jindal Steel and Power Limited ( Rs 60,950 crore), Mahanadi coal fields limited ( 58,997 crores), Taiwan ( Rs 43,000 crore) and SAIL ( Rs 41,400 crore).
Chopra said, “We have received the FDIs from four countries. The Japanese and Thai companies have evinced keen interest in food processing. A Taiwanese company is interested in petro chemicals and a Dutch company has shown interest to invest in logistics.”
Earlier in the afternoon Chief Minister made it clear that government’s focus is not only on industries but also on development of the economy of farmers. He unveiled agri-entrepreneurship promotion scheme and Odisha organic farming policy at the conclave.