IPICOL, FICCI ink MoU for investment growth

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An MoU was signed between the Industrial Promotion and Investment Corporation of Odisha (IPICOL) and the Federation of Indian Chambers of Commerce and Industry (FICCI) in the presence of Chief Minister Naveen Patnaik for investment promotion and investor outreach activities to be undertaken leading up to the next edition of ‘Make in Odisha’ conclave.The FICCI is the national industry partner for the 3rd edition of ‘Make in Odisha’ which would showcase the State as an industrial power house and a preferred investment destination in the country.

Industries and Micro, Small and Medium Enterprises Minister Captain Dibya Shankar Mishra and FICCI president Sangeeta Reddy were present, among others.

“The Make in Odisha conclaves in 2016 and 2018 brought in a significant increase in the quantum of new investments to Odisha and helped create a diversified industrial base in the State.   As a result, the State has established itself as one of the premier investment destinations in the country. Odisha continues to remain an attractive investment destination even after the impact of Covid-19 across the globe.

Even during these trying times, the State has attracted over Rs 24,300 crore worth of new investments since February 2020,” said the CM.

He further stated that his Government has a vision of making Odisha an investment destination of choice nationally as well as globally.

“The positive policy framework, robust infrastructure, skilled human resources and result-oriented administrative set up would help Odisha realising this vision, he contended.

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