Ahead of the Make in Odisha Conclave 2018 in Bhubaneswar, the State Government organised an investors’ meet in Chennai in association with its industries partner Federation of Indian Chambers of Commerce and Industry (FICCI) on Wednesday.
The roadshow was successful with leading industry captains meeting Chief Minister Naveen Patnaik during the course of the day. Among 350 Tamil Nadu-based business leaders, Mangruppa Group chairman MM Murugappan, TAFE chairman Mallika Srinivasan, Cetex Petrochemicals MD S Ilanahai participated in the event.
Chettinad Group MD MAMR Muthiah, Ramco Group chairman PR Venketrama Raja and Shriram Group chairman R Thyagarajan spoke on the occassion.
“I take this opportunity to invite you all to participate in the Make in Odisha conclave, our flagship biennial global investors’ meet. The first edition of the conclave evoked enthusiastic response with announcement of over INR 2 lakh crores of investment intent. About 65 per cent of the projects are at various stages of approval and implementation,” the Chief Minister said.
He said enhancing and strengthening infrastructure has been a priority of my Government over last 18 years. Accordingly, port capacity has increased ten times to 190 million metric tonnes at present. Similarly, power generation has increased more than threefold and road network has increased over 50 per cent.
He announced the receipt of 400th investment proposal by GO-SWIFT (Government of Odisha- Single Window Portal for Investor Facilitation and Tracking) in the investors’ meet. The proposal was submitted by the Tata Steel Processing and Distribution Limited to set up a manufacturing unit of steel doors and windows with capacity of 1, 80,000 units per annum at Kalinganagar Industrial Complex, Jajpur with a total investment of INR 92 rores. The project would create employment opportunities for 250 people. He also launched the 36-hour Smart Odisha Hackathon in the run up to the Make in Odisha Conclave 2018.
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 1,20,000 acres of land bank available for industrial development.
This year, the Make in Odisha Conclave would be held in Bhubaneswar from November 11-15, 2018.
The conclave will have sector specific seminars across food processing, smart city, logistics and infrastructure, tourism, ESDM manufacturing, aerospace and defence apart from other engaging events.