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Odisha Investors’ Meet: Naveen invites investors to ‘Make in Odisha’ Conclave 2018

Odisha Investors' Meet

New Delhi: Addressing the business tycoons at the Odisha Investors’ Meet here at the country’s capital held on Wednesday, Chief Minister Naveen Patnaik invited them all to make investments in Odisha, which is fast emerging as the Eastern Gateway of India.

In the run-up to the Make in Odisha Conclave 2018 (MIO 2018), the Government of Odisha organized an investors’ meet in New Delhi in association with its industries partner Federation of Indian Chambers of Commerce and Industry (FICCI) today.

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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. Ritesh Agarwal, Founder& CEO, OYO Rooms, Mr. Rajan Mittal, MD, Bharti Enterprises, Mr. Kamlesh Jain, Chairman & MD, Varun Beverages Ltd, Mr. Shailender Kumar, MD, Oracle India among others.

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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 & petrochemicals, and tourism.Odisha Investors' Meet

Speaking at the investors’ meet, Chief Minister Naveen Patnaik said, “I am here to invite all of you to the Make in Odisha Conclave – our flagship biennial global investors’ meet – to know more about the emerging opportunities in Odisha which is fast emerging as the manufacturing hub of Eastern India. In our vision to continuously create and deliver outstanding opportunities for business growth, my Government has taken significant measures to improve the infrastructure facilities over the last 18 years.”

He said, “I am pleased to convey that the port capacity has increased from 20.5 MMT to 190 MMT, power generation has increased more than three folds and stands at 17, 690 MW and there has been more than 50% increase in the road network of the State.”

Patnaik also launched the official web portal for Invest In Odisha (www.investodisha.gov.in) ahead of MIO Conclave 2018 in Bhubaneswar in November 2018.

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“Invest Odisha’ to enable the industry to make informed investment decisions by comparing the competitiveness of Odisha with other States and countries. It also engages with the investors through a unique chatbot ‘Odishi’, which provides customised information to the users,” Patnaik elaborated.

“My Government has demonstrated its commitment to deliver projects on the ground. In the last nine months, we have successfully inaugurated/conducted ground-breaking ceremonies for 50 projects worth investment of more than INR 17,000 crores. This has the potential to provide employment opportunities for around 21,000 people in the State. This would not have been possible without a joined-up government using the mantra of 3 Ts- Teamwork, Technology, and Transparency,”  the Odisha Chief minister further said.

This is the second meeting in a month of Odisha Chief Minister as he has already attended Odisha Investors’ Meet in Mumbai August 8 with a view to inviting investors to invest in the State. In the Mumbai Investors’ Meet, the Chief Minister had met several top industrialists, including Reliance Industries chairman Mukesh Ambani.

Prior to the Odisha Chief Minister’s keynote address on the special occasion, Odisha Industries Minister Ananta Das, Odisha Chief Secretary Aditya Prasad Padhi and Industries Secretary Sanjeev Chopra also addressed the industrialists and entrepreneurs of start-ups.

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. The industrial infrastructure at National Investment Manufacturing Zone (NIMZ), Kalinganagar, food processing park at Khordha andChhatabar, textile parks at Ramdaspur and Dhamnagar, aluminium parks at Angul and Jharsuguda and the plastics park at Paradip was presented to the investors.

The guests of honour at the investors’ meet included Naveen Jindal, Chairman, Jindal Steel and Power Limited (JSPL), Ritesh Agarwal, Founder & CEO, OYO Rooms, Marc Hoffmann, MD & CEO, SMS Group India, and Harish Ahuja, Chairman and MD, Shahi Exports.

Naveen Jindal said that JSPL has been making in Odisha for the last many years and has invested more than INR 45,000 Crore in the state employing more than 50,000 people. JSPL’s 6 million tonne per annum (MTPA) steelmaking facilities in Angul is the largest in Odisha and 9 MTPA pellet plant in Barbil, Odisha is the largest pelletisation complex in India. He announced that an industrial park will be established in Odisha for downstream units in the steel sector.

Marc Hoffmann said that SMS Group set up its manufacturing plant in Odisha due to the low cost of land, electricity and skilled manpower. The company is operating in two locations in Odisha currently. As Germany based OEM supplier to steel plants, the company has received unmatched facilitation support from Odisha government.

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Ritesh Agarwal said that his childhood years in Rayagada district of Odisha had a positive impact on his entrepreneurial journey. He narrated the growth journey of OYO Rooms to India’s largest hospitality in Odisha. OYO chose Odisha to come into two years back. In the last 2 years, OYO Rooms has grown to become the largest hospitality company with 100 assets and aims to grow to 300 assets in the near future.

Harish Ahuja said apparel manufacturing is a highly employment-intensive industry. In 2014, Shahi Exports was invited to set up a unit in Odisha. Within a month of the company first meeting, it was allotted land and in August 2015 we set up our unit. Encouraged by the facilitation support, Shahi Exports is expanding and has employed over 2300 people already.

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The Make In Odisha Conclave 2018 is the flagship biennial business event of the Government of Odisha. After the resounding success of the event in 2016, the State will be organising the second edition of the marquee event at Bhubaneswar during November 11 to 15, 2018.

The conclave will showcase the policy & regulatory environment, investment opportunities across focus sectors and the manufacturing prowess of the State.

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