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Make in Odisha concludes: State promised 2.03 lakh crore investment, 1.4 lakh jobs

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Bhubaneswar: The biggest ever investment expo in the state, Make in Odisha concluded on Friday with promises of Rs 2, 03, 235 crore investment and 1.4 lakh jobs for the state along with Rs 30,000 crore assured for urban sector development, mainly Smart Cities Bhubaneswar and Rourkela.

The conclave which was attended by major corporate giants like SBI Chairman Arundhati Bhattacharya, heads of Aditya Birla Group, ISRO, HAL, Videocon, Adani group, L&T and Finance Minister Arun Jaitley was hosted for three days during which the state received major investments proposals from several key industries.

The valedictory session was attended by Chief Minister Naveen Patnaik, Union Coal and Energy Minister Piyush Goyal, Petroleum and Natural Gas Minister Dharmendra Pradhan, Skill Develeopment Authority Chairman Subroto Bagchi, Odisha Industries Minister Debi Mishra among other bureaucrats and ministers of the state.

The CM thanked the investors for reposing faith in state and showing intent to invest in as many as 10 different sectors. Informing the delegation CM said from henceforth Make in Odisha will be held biannually. NALCO will set up world class Aluminum Park at Angul and a Plastic Park is to be set up in collaboration with IOCL at Paradip, he said. Among foreign investors are an Italian company that will set up a rice mill in Kalahandi and a turmeric processing plant in Kandhamal while a Bangladeshi company will set up an apparel manufacturing unit at Ramadaspur in the outskirts of Bhubaneswar.

Petroleum minister Pradhan informed that a biogas plant will be set up in Bargarh with a budget of Rs 900 crores.

However, after the failure of POSCO in the state, there is some skepticism regarding the implementation of the promised projects here. Earlier, in the Make In Odisha conclaves in Mumbai and Bangalore the state got an investment intent of Rs 70,000 crore and Rs 90,000 crore respectively.

Investment intent in 10 sectors:

  • Mines and metals: Rs 97,911 crores
  • Infrastructure: Rs 38,443 crores
  • Power and renewable energy: Rs 29,932 crores
  • Fertilizer and chemicals: Rs 27,023 crores
  • Manufacturing industry: Rs 2,685 crores
  • Food processing: Rs 2101 crores
  • Tourism: Rs 2076 crores
  • IT and ESDM: Rs 1500 crores
  • Health sector: Rs 1,392 crores
  • Handloom and apparel: Rs 172 crores
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