CM announces third edition of “Make in Odisha 2022”
Odisha has received investment intents of Rs.21,000+ crore from companies based in the UAE and the MENA region following a mega meeting held by Chief Minister Naveen Patnaik in Dubai on 30 June 2022.
Following the Dubai ‘Odisha Investors Meet”, the state continues to attract foreign interests in sectors such as Metals and Metal downstream, Chemicals and Petrochemicals, Textiles and Apparel including Technical Textiles, Food processing including Seafood processing, Electronics System Design and Manufacturing (ESDM), Logistics and Clean Energy.
The investment flows continue the past two-year-old momentum during which the state received US$50 billion in Foreign Direct Investments as of 2021.
The Chief Minister met more than 150 companies at the Odisha Investors Meet organized by FICCI and the Embassy of India in UAE.
The companies were based out of the UAE and the MENA region from sectors comprising of Minerals and Metals processing, Petrochemicals, Chemicals, Plastics, Heavy Industries, Clean Energy, Food Processing including Sea Food Processing, Electrical Equipment & Electronics Manufacturing, Logistics & Warehousing, Real Estate, and Hospitality.
Leading industry associations from the region including Indian Business & Professional Council (IBPC) also participated in the meet.
The team Odisha also conducted 1-1 B2G meetings with major companies of the region.
Patnaik highlighted:
Odisha’s Mineral advantage: Odisha holds the lion’s share of India’s mineral reserves with 96% of the country’s chromite reserves, 92% nickel, 53% bauxite, 45% manganese, 35% iron-one, and 23% coal reserves of India.
This has made Odisha the largest producer of Steel, Stainless Steel, Ferro Alloys, Alumina and Aluminium in India. Odisha also has 11% of India’s water resources.
The state’s 480-km coastline is a natural choice for setting up ports and for international trade.
Odisha’s human resource advantage: The State is home to a large and highly skilled workforce.
The state has made good investments in setting up technical and professional institutes at all skill levels – ITIs, Polytechnics as well as engineering & management colleges.
Eleven of India’s top 100 Industrial training institutes are in Odisha.
With the assistance of the Asian Development Bank (ADB) and the Institute of Technical Education Services (ITEES), Singapore, the Odisha Government has recently established the World Skill Centre in Bhubaneswar to prepare the workforce for modern and new age Industry.
Odisha’s use of enabling technology in delivering efficient and effective investment facilitation: The State’s Single Window portal for investors, GO SWIFT has transformed the B2G interface with its user-friendly features which provide time-bound clearances for over 50 G2B services.
Odisha is also home to 1,200+ start-ups, many of which are in the technology space.
Odisha’s progressive policy and governance advantage: Focusing on 5Ts – Transparency, Technology, Teamwork, Time and Transformation, the state Government has taken up several proactive measures for the development of industries and infrastructure.
This has created an industry-led ecosystem of value addition, sustainable employment generation and revenue augmentation in the State.
The Chief Minister also announced the third edition of its flagship Global Investors Meet – “Make In Odisha 2022” to be held 30 Nov- 4 Dec 2022 in Bhubaneswar.
He extended invitation to businesses in the MENA region to the Odisha 2022 Investor Meet. fiinews.com
