The first day of Odisha government’s flagship investment summit, Make in Odisha (MIO), was kicked off in Bhubaneswar with a slew of commitments from the country’s top industrialists.
Chief Minister Naveen Patnaik welcomed the guests to the second edition of MIO and went on to highlight the state’s status as the “aluminium capital of South Asia, accounting for well over half of the country’s production” and “Steel Hub of India, contributing to about a quarter of the country’s steel production.”
Tata Sons Chairman Natarajan Chandrasekharan, speaking of the group’s long association with Odisha, said, “Tata Steel was given its first iron ore lease by the Maharaja of Mayurbhanj in the early part of the twentieth century.”
“Already we have made investments worth Rs 75,000 crores. With the announcement of Kalinga Nagar (Tata Steel plant) expansion, another 25000 crores… we will soon cross a total investment of Rs 100,000 crores in Odisha,” he said.
Meeting business leaders and entrepreneurs in #MakeInOdisha2018, #Bhubaneswar to present vast potential for #InvestInOdisha. Take advantage of the conducive business ecosystem, friendly policies, infrastructure & skilled work force. Come join the juggernaut. pic.twitter.com/EpDxB0qXcJ
— Naveen Patnaik (@Naveen_Odisha) November 12, 2018
Chairman of Jindal Steel and Power Naveen Jindal said the group’s story started in Odisha thirty years ago. “By 2030, we are going to take our 6 million tonne steel plant to a 20 million tonne steel plant, our investment from Rs 45,000 crores to Rs 100,000 crores, from employing 50,000 people to employing 100,000 people,” he committed in the plenary session on Monday.
Sajjan Jindal, Chairman of JSW Group, said, “We have made plans to invest in a very large greenfield steel plant, which would probably be the most modern steel plant in the world.”
During the session, the chief minister highlighted the state’s focus on “port-led development” stating that the government is planning a number of ports, including deep water ports in Subarnarekha and Gopalpur, a riverine port on Mahanadi River, 12 other non-major ports, apart from Paradeep and Dhamra.
MIO also netted pledges in sectors, apart from minerals and steel. Chairman of the Aditya Birla Group Kumar Mangalam Birla said, “The state remains one of our top most investment destinations in the country. We expect to invest over $2 billion here in the next two years.”
Chairman of Reliance Industries Limited Mukesh Ambani said that while Reliance has already invested Rs 6000 crore in Odisha, it will invest an additional Rs 3000 crore. “I am glad to report that the per capita data consumption in Odisha is among the highest in the country”, he said.
Industrialists across sectors hailed the governance of Naveen Patnaik, along with the state’s mineral resources, 500-kms-long coastline, deep water ports and academic infrastructure. “If India to become a 10 trillion economy by 2030-35, as per our group’s study, Odisha, along with Maharashtra and Tamil Nadu, will get a trillion dollar tag,” said Sajjan Jindal. “By 2030, Odisha can get to a trillion dollar economy.”
The investment summit is targeting investment in food processing, textiles, healthcare, tourism and manufacturing (defence and electronics). The ruling BJD government is highlighting eighteen years of “stable government” to promote itself as a business friendly, job creating regime.
The state government drew praise for its commitment to boost sports. Mukesh Ambani said, “We are partnering with the state government to set up the Reliance Foundation- Odisha High Performance Athletics Centre.” Sajjan Jindal commended the Odisha government for adopting hockey as its sports for five years.
CM Naveen Patnaik thanked Kumar Mangalam Birla Group for setting up a “state-of-the-art shooting institute (in the state).”
He also talked about the state government’s efforts in skill development with its establishment of World Skills Centre in Bhubaneswar which will oversee training of over 1.5 lakh trainers and trainees in the state.
“The largest public-private partnership programme of the country in the health sector is now being rolled out in the state,” Patnaik said, referring to the state government’s health assurance initiative, Biju Swasthya Kalyan Yojana.