‘Make in Odisha’, the state’s global conclave for investors is set to begin Wednesday, with top industrialists expected to take part in the government’s flagship event.
The biennial event, last held in 2018 and delayed since due to the Covid pandemic, will be inaugurated by Chief Minister Naveen Patnaik in the presence of several envoys of a few countries, officials from the Union government and business delegations.
Aimed at showcasing the state’s business potential and manufacturing prowess to the world, the 5-day event will be attended by delegates from China, Japan, Norway, Germany, Nepal, Indonesia, Bangladesh and Australia.
It will also see the country’s industry bigwigs, such as LN Mittal (chairperson, ArcelorMittal Group), Kumar Mangalam Birla (chairperson, Aditya Birla Group), Anil Agarwal (chairperson, Vedanta Resources Limited), Sajjan Jindal (JSW Group), Naveen Jindal (chairperson, JSPL), T V Narendran (MD, Tata Steel) and Karan Adani (CEO, Adani Ports and SEZ Limited), take part.
With an abundance of natural resources, Odisha has traditionally been a hub of metal-based industries. Through ‘Make in Odisha’, the Naveen Patnaik government has been trying to get investment from sectors that have either no or little presence in the state.
“We hope to get investments from sectors like electronics manufacturing, agriculture-based industries, apparel and garments, chemicals and petrochemicals, green energy, electric vehicles (EV) and EV manufacturing from this conclave,” state industries secretary Hemant Sharma told The Indian Express.
The state government will also unveil a new industrial policy with focus on attractive incentives for the investors, industrial infrastructure, reforms undertaken by the state government, and the advantages of doing businesses in the state.
Keeping in mind the post-Covid situation, the state will also come up with policies on tourism, textiles, MSME, food processing, logistics and ports to draw investments.
Officials said the government has received over 11,600 registrations for the event, which will continue till December 4.
According to industries department sources, during the launch edition of the conclave in 2016, the state received 84 ‘investment intents’ worth Rs 2.03 lakh crore, of which 58 proposals with investment potential of Rs 2.29 lakh crore have so far been approved, the sources added. Of the approved projects, 35 are currently at different stages of implementation.
In 2018, the state received 202 ‘investment intents’ worth Rs 4.23 lakh crore, of which 108 proposals worth Rs 3.93 lakh crore have been approved and 67 are in the implementation stage.