Patnaik invites investors to Odisha

Over 300 business leaders attend State’s investment roadshow in the city

Updated - August 09, 2018 07:02 am IST

Published - August 09, 2018 12:46 am IST - Mumbai

Mumbai 08/08/2018: Odisha Chief Minister Naveen Patnaik coming out after meeting leading industrialist in Mumbai on Wednesday.  Make in Odisha Conclave 2018 will be held in Bhubaneshwar in November 2018.   Photo: Vivek Bendre

Mumbai 08/08/2018: Odisha Chief Minister Naveen Patnaik coming out after meeting leading industrialist in Mumbai on Wednesday. Make in Odisha Conclave 2018 will be held in Bhubaneshwar in November 2018. Photo: Vivek Bendre

Over 300 business leaders from western India joined the Odisha investment roadshow that was held in the city on Wednesday.

The event was led by Odisha Chief Minister Naveen Patnaik and organised in association with the Federation of Indian Chambers of Commerce and Industry.

Focus areas

Odisha is attracting investment in its focus sectors such as food processing and seafood, ancillary and downstream industries, textiles, electronic system design and manufacturing, chemicals, plastics and petrochemicals and tourism.

Mr. Patnaik, in a statement, said, “Odisha is emerging as the ‘Manufacturing Hub of Eastern India’ and my government is working tirelessly towards developing the State into a ‘Manufacturing Hub of South Asia.” He added, “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 four years alone in the State.”

Mr. Patnaik said the average time taken for approval of the projects has reduced to 20 days from the date of receipt of the completed project application and the government has received encouraging response from the investors.

The State is inviting investments for the National Investment Manufacturing Zone at Kalinganagar, food processing park at Khordha and Chhatabar, textile and apparel parks at Ramdaspur and Dhamnagar, aluminium park at Angul and plastics park at Paradip.

Industrialists who participated in the roadshow included Mukesh Ambani, CMD, Reliance Industries; Kumar Mangalam Birla, chairman, Aditya Birla Group; Anand Mahindra, chairman, Mahindra Group; Adi Godrej, chairman, Godrej Group; Kishore Biyani, Group CEO, Future Group; and Gautam Singhania, CMD, Raymond Ltd.

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