ISO 9001:2015 Certified
closex Call Us 11-23320714, 23721504,

 Upcoming Event
to forge a partnership on Technology Commercialization Initiative, FICCI-AMITY and IC2 Institute University

Make in Odisha 2.0: State eyes Rs 3-trn investments, woos Japanese firms 

Business Standard , Nov 10, 2018

With the stage set for the second edition of its showpiece investment summit, Make in Odisha, the state is eyeing Rs 3 trillion in investments. The inaugural edition of the conclave had drawn investment intents valued at Rs 2.03 trillion.

"Based on extensive roadshows in the domestic circuit and at foreign destinations, our internal assessment is that this year's conclave may see intentions surpassing the previous edition's mark and may be within the range of Rs 2.5-3 trillion," said an official in the know.

Aside from the metals sector, which is expected to have a dominant share in the projected investments, emerging sectors such as tourism and electronics manufacturing are also likely to be major draws at the event, he added.

Addressing a press conference on Thursday, Sanjeev Chopra, principal secretary, industries (Odisha), said, "We have not set any target. The prime objective of this year's conclave is not only to get investment but to also showcase Odisha, in its entirety, more outside the state and country."

In the run-up to the conclave, the state government had organised road shows in New Delhi, Chennai, Hyderabad, Mumbai, Kolkata and Hyderabad. Similar shows were also held at foreign locations in China, Japan, Italy, South Korea, Saudi Arabia and Germany.

At the inaugural edition of the Make in Odisha conclave in 2016, the state attracted 124 investment intents valued at Rs 2.03 trillion. Sixty-five per cent of these projects are at various stages of approval or implementation, bettering the record of other investor-friendly states. The state government has performed groundbreaking ceremonies for 64 projects, three of which have gone into production.

Industrialists from Japan, France, Germany, Russia, Saudi Arabia and UAE are slated to attend the event. Japan is the country partner for the investment summit and State Bank of India (SBI) is the banking partner.

The striking feature of Make in Odisha 2.0 is a Japan-focused seminar. Opportunities in the manufacturing sector in Odisha would be showcased to Japanese companies. Top Japanese firms such as Mitsubishi Heavy Industries, Mitsui, JFE Steel, Marubeni, Nissin Foods and Takahata Precision have confirmed their participation at the biennial conclave. The state government has identified 600 acres on the outskirts of Bhubaneswar where Japanese companies can cluster and set up their operations.

Some 800 corporate leaders will attend Make in Odisha's second edition. Reliance Industries Chairman Mukesh Ambani, Aditya Birla Group Chairman Kumar Mangalam Birla, Tata Sons Chairman N Chandrasekaran and Vedanta Resources Chairman Anil Agarwal have confirmed their participation.



Also Read

Chief Minister of Odisha Naveen Patnaik Inaugurates the much- awaited 'Make in Odisha Conclave 2018'

Odisha launches Vision 2025 of Universal Healthcare at 'Make in Odisha' Conclave 2018

Odisha invites industry to tap opportunities in defence & aerospace sectors

Patnaik launches 'Make in Odisha', government looks to draw up investment     

Naveen Patnaik inaugurates second Make in Odisha conclave     

State govt targets revival of sea trade     

Odisha CM inaugurates 'Make in Odisha Conclave', urges industry captains to partake in state's growth     

Make-in-Odisha Conclave starts with a 'Coastal Fun Run'     

‘Make in Odisha’ has come a long way: CM     

Odisha CM Inaugurates ‘Make In Odisha’ Conclave     

Aditya Birla Group to invest ₹14,400-crore in Odisha announces Kumar Mangalam Birla     

MIO 2018: Naveen urges FICCI to establish long-term association with Odisha     

Plenary Session of Business Leadership Summit #MakeInOdishaConclave starts, leading industrialists Ambani, Adani, Birla, Jindal present     

CM Naveen Patnaik inaugurates Make in Odisha Conclave     

Make in Odisha expo inaugurated; to include sessions on women entrepreneurship, startups, agri     

'Make In Odisha Conclave' Kicks Off In Bhubaneswar     

Tata Sons to invest Rs 25,000 cr in Odisha announces N. Chandrasekaran     

Local investors seeks more investments for Sundargarh district amidst 'Make in Odisha' conclave     

Mukesh Ambani, Kumar Mangalam Birla to attend Make in Odisha summit     

Odisha to bear 20% cost for mega food parks, but aid capped at Rs 150 mn     

Make in Odisha Conclave from today     

Make in Odisha Conclave to begin from tomorrow     

Tata Group's total investment in Odisha to cross Rs 1 lakh crore soon     

Reliance to make Rs 30 bn fresh investment in Odisha: Mukesh Ambani     

Reliance to Invest Rs 3,000 Crore in Odisha, Set Up 'High Power Athletic Centre'     

Odisha CM Naveen Patnaik urges industry captains to partake in state's growth     

Odisha bags about Rs 1.4 lakh cr investment proposals on 2nd day of investors’ meet     

Chief Minister of Odisha Naveen Patnaik Inaugurates the much- awaited 'Make in Odisha Conclave 2018'     

Make in Odisha Conclave 2018: RIL chairman Mukesh Ambani commits to Rs 3,000-cr investment in state     

Odisha to make Bhubaneswar skill capital of India     

FICCI hosts panel discussion on Broadcasting in Odisha at Make-in-Odisha Conclave venue     

Odisha launches Vision 2025 of Universal Healthcare at ‘Make in Odisha’ Conclave 2018     

Odisha invites industry to tap opportunities in defence & aerospace sectors     

Odisha invites industries to tap opportunities in defence, aerospace sectors     

Make in Odisha 2018: Women-backed firms plan to set base in Odisha     

Skill boost with back-to-back pacts at the Make In Odisha Conclave     

Odisha invites industry to tap opportunities in defence & aerospace sectors     

Make in Odisha: Odisha govt. to bring new film policy with FICCI     

Make in Odisha 2018: Rs 4.1 lakh crore investment goals achieved     

Govt of Odisha to provide smartphones to six lakh Mission Shakti groups     

Make in Odisha Conclave lays roadmap for future of Media & Entertainment Industry     

MIO event: Focus on media, entertainment on last day     


 Make in Odisha Conclave