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Press Release

'Make In Odisha 2022' attracts investment intent of Rs 8.9 lakh crores

Dec 02, 2022

180 IIFs received today worth Rs 1,70,260.85 crore

 Employment potential created for 3,78,446

Bhubaneswar, 02 December 2022: At the end of Day-2 of the 'Make in Odisha Conclave 2022', the flagship investor summit by the Government of Odisha along with FICCI, (as National Industry Partner), 4 ground-breaking ceremonies were held, and 4 plants were inaugurated which attracted an overall investment commitment of Rs 4423.51 crore and creating an employment potential of 14270. 

The Chief Minister inaugurated the Ultratech Cement plant in Cuttack yesterday which clocked an investment of Rs 737 crore with production capacity of 2.2 million and employment generation potential worth 928. Two plants were inaugurated in Ramdaspur, Cuttack - Jai Bharat Spices, a ready-to-eat-food and cold storage plant at an investment of Rs 50,000 crore and Astral Pipes at an investment of Rs 109.81 crore with employment potential of 250 and production capacity of 35000 tons per annum for plastic pipes and fittings. Britannia also expanded its current production capacity at Khurda Food Park which is into manufacturing cakes, biscuits at an investment of Rs 93 crore and employment potential of 350.  

The Ground-breaking ceremony was conducted for Cotton World, Danieli Corus Refractory Solutions Pvt Ltd, Jindal Stainless Steel Park Kalinganagar and Vedanta Aluminium Park. 

Mr Hemant Sharma, Principal Secretary, Industries Department, Govt of Odisha said, "Today we have received a total of 180 Investment Intent Form (IIF) across various sectors worth Rs 1,70,260.85 crore creating an employment potential of 3,78,446. Out of 180, 46 are in mineral, metal, ancillary and downstream (78000 crore), 43 are in agriculture and food processing (Rs 3500 crore), 24 in information technology (6000 crore), 22 in power and renewable energy (Rs 51,000cr), 17 in chemical, plastic (29000 crore), 9 in textile, apparel and garment (2100 crore), 5 in agri marketing & 14 in agri businesses (650 crore)."

He also added that over the last 2 days, the total number of investment intents received was 325 with 145 received yesterday and 180 today worth Rs 8.90 lakh crore. 5 non-investment MoUs were also signed by the Skill Development department.  

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