Mumbai: In the run-up to the Make in Odisha Conclave 2018, the Government of Odisha organized an investment roadshow in Mumbai in association with its industries partner Federation of Indian Chambers of Commerce and Industry (FICCI) today. The roadshow was a resounding success with the who’s who of India Inc. meeting the Hon’ble CM during the course of the day. These include meetings with Mr. MukeshAmbani, CMD, Reliance Industries, Mr. Anand Mahindra, Chairman, Mahindra Group, Mr. Kumar Mangalam Birla, Chairman, Aditya Birla Group, Mr. Adi Godrej, Chairman, Godrej Group, Mr. Gautam Singhania, CMD, Raymond Group, Mr. Kishore Biyani, Founder & CEO, Future Group among others. Business leaders from over 300 leading companies participated in the roadshow to explore attractive growth opportunities across Odisha’s focus sectors – food processing and seafood, ancillary and downstream industries in the metals sector, textiles, ESDM manufacturing, chemicals, plastics and petrochemicals and tourism.
In line with the theme of Make in Odisha Conclave 2018, a campaign named “I am Odisha” was launched by the Hon’ble CM during the roadshow which celebrates all the successes of Odisha and her people in creating a vibrant ecosystem for business in the State. “I am Odisha” is also a unique platform for Odias to share their success stories that will enthuse and inspire others to move forward in the path of economic progress.
Shri Naveen Patnaik, Hon’ble Chief Minister, Government of Odisha said, “I am happy to share that 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’. Targeting the development of a conducive environment for industrial development, my government has promulgated progressive policies and developed state-of-the-art infrastructure. 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 4 years alone in the State. The average time taken for approval of the projects has also reduced to 20 days from the date of receipt of the completed project application. We have received encouraging response from the investors and they are keen to invest in Odisha. I have personally assured investors of unmatched facilitation support and invited them to participate in the forthcoming Make in Odisha Conclave 2018 to be held in Bhubaneswar in November.”
During the meetings with investors, the strategic advantages of Odisha were highlighted such as the low cost of doing business, incentives for investors, dedicated sector-specific clusters and over 1,25,000 acres of land bank available for industrial development. The industrial infrastructure at National Investment Manufacturing Zone (NIMZ), Kalingnagar, food processing park at Khordha and Chhatabar, textile and apparel parks at Ramdaspur and Dhamnagar, aluminium park at Angul and plastics park at Paradip was presented to the investors. The delegation is going to meet more investors tomorrow and invite them to explore business opportunities to invest in Odisha.
Subsequent to the Make in Odisha Conclave 2016, the first groundbreaking ceremony was held in November 2017 for 15 manufacturing units which grounded investments worth INR 11,690 Cr with scope to generate 8,187 jobs. The second groundbreaking ceremony in June 2018 witnessed the inauguration of 7 manufacturing units and groundbreaking of 12 units with cumulative investment grounded at INR 2,675 Crore. This will create 8,953 jobs.
ASSOCHAM has ranked Odisha as the No. 1 state in terms of investment implementation rate and the state is consistently ranked amongst the top 3 States in terms of live manufacturing investments in India. Odisha has registered a GSDP growth rate of 7.94 percent in 2016-17, surpassing the national growth rate of 7.1 percent.