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Odisha attracts investments worth Rs. 10.5 lakh crores at MIO Conclave 2022
Dec 04, 2022
Highest investment received in Minerals, Metals and Downstream sector
Bhubaneswar, 04
December 2022: At the valedictory session on Day 3 of the Make in Odisha (MIO Conclave 2022), the flagship investor summit by the Government of
Odisha, organized by Industrial
Promotion and Investment Corporation of Odisha Limited (IPICOL) along with industry partner FICCI at Janata Maidan, Bhubaneswar, Hon'ble Chief Minister, Shri Naveen Patnaik announced the success of MIO Conclave 2022.
He announced that
the Make in Odisha (MIO) Conclave 2022 had received an overall investment proposal worth Rs. 10.5 lakh crores in a span of 3 days generating 10,37,701 employment potential across sectors from 741 companies. 145 proposals received were from metals, ancillary &
downstream sector, 102 from agriculture & food processing, 87 from logistics & infrastructure, 41 from tourism,
37 from Information Technology, 32 from power, renewable & green energy, 28
from paper, wood and forest based industries, 22 from healthcare & pharmaceuticals, 26 from
textile, apparels & technical textiles, 14 from agri-business, 10 from
aerospace & defence, 10 from waste management, 7 from cement, 5 from
start-ups, 2 each from education & glass, 6 from agri marketing, 1 from
film & entertainment, 1 from electric vehicle and 12 from multiple other
sectors along with 64 proposals from general manufacturing sector.
The Conclave
witnessed registration from 18785 delegates, including global leaders, industry captains,
exhibitors, and participants from 11 countries which were Japan, Germany,
Norway, Nepal, Bangladesh, Australia, Indonesia, Israel, China, Singapore
and Thailand. Three-day conclave conducted 38 business sessions with 250+
speakers with the involvement of 20 departments which came together. Around 65
MoUs were signed at the end of Day 3 of the MIO 2022.
During the MIO Conclave 2022, 10 inauguration and groundbreaking ceremonies were announced, which included Ultratech Cement Ltd's inauguration of a cement plant at Cuttack, Astral Limited inauguration of Plastic pipes & fitting factory at Cuttack, Brittania Limited extension of its existing factory of biscuits, cakes and other bakery products at Khurda Food Park, Infunex Healthcare Private Limited production at Ramdaspur, Cuttack, Jay Bharat Spices Limited ready to eat & cold storage facility at Ramdaspur, Cuttack, Vendanta Aluminium Park at Jharsuguda, Jindal Stainless Steel Park, Wonderla Holidays Limited at Khurda, Danieli Corus Refractory Solutions Pvt Ltd at Khurda and Cotton World Textile apparel manufacturing unit in Khurda. These 10 projects have a total investment value of Rs 4,595 lakhs crores with an investment potential of 15135 people.
Addressing the valedictory session on day 3 of the Conclave, the Hon'ble Chief Minister of Odisha, Shri Naveen- Patnaik, said, "The Make in Odisha Conclave'22 has been a grand success. I am happy to announce that the Conclave has generated investment intents of Rs. 10.5 Lakh Crores with an employment potential for 10,37,701 people. Let us all work hard to implement these investments on the ground and take Odisha to a new era of industry-led growth.
I thank the entire FICCI team for their support throughout the conclave cycle. I would like to give special thanks to our country partners, Japan, Norway, and Germany. I hope that we further strengthen our relationships and create more opportunities for mutual trade, commerce, and people-to-people relationships.
The Make in Odisha Conclave'22 concludes today. I thank each one of you for your immense contribution. Let the juggernaut move on."
Out of the total
investment received at the end of MIO 2022 Conclave, metals, ancillary and
downstream sector fetched Rs. 5.50 lakhs crore, power, renewable energy &
green energy sector fetched Rs. 2.38 lakhs crore, logistics &
infrastructure received Rs. 1.20 lakh crores, chemicals, petrochemicals &
plastics received Rs. 76K crores, manufacturing sector received Rs. 21K crores,
tourism received Rs. 8K crores, IT sector received Rs. 8K crores, agriculture
& food processing received Rs. 7.2k crores, paper goods & forest based
products received Rs. 5.3k crores, cement Rs. 5K crores, healthcare &
pharmaceuticals Rs. 4K crores, textile & apparel Rs. 2.6k crores, aerospace
& defence received Rs. 3k crores, EV vehicles received Rs. 500 crores,
startups received Rs. 280 crores, glass marble & granite Rs. 200 crores,
waste management Rs. 170 crores, agri marketing received Rs. 121 crores, agri
business received Rs. 94 crores, education received around Rs. 70 crores, film
and entertainment received around 15 crores followed by other sectors received
some Rs. 61 crores respectively.
The investment summit in its 3rd leg this
year witnessed various interesting sessions showcasing investCalibriment
opportunities in the state and providing an opportunity for investors to
interact with various stakeholders from various State Government Departments
& Ministries and International markets.