Odisha Investors Meet Attracts Investments worth Rs 90,490 Crore

The Odisha Investors’ Meet held here at Bengaluru last week received good  response. Industry leaders including Kiran Mazumdar, Sajjan Jindal, Sachin Bansal amongst others participated in the Meet that saw more than 400 delegates representing various companies and the industry from Bengaluru.

Earlier the senior Government delegation met over 60 companies over a period of 2 days and received investment intentions of Rs. 90,490 crore for investments into the State. Significant investment announcements have been received in sectors including food processing, apparel, electronics manufacturing, gems & jewelry and renewable energy sectors.

The State launched a number of new initiatives during the Investors’ Meet. The Odisha Start up Policy 2016 was launched which envisions to create 1,000 startups by 2020. The Policy provides attractive incentives, support and assistance to start ups at all stages of development including idea or prototype stage, commercialization stage as well as the marketing stage. A Startup Capital Infrastructure fund upto Rs. 25 crore shall be used to support development of startup ecosystem in the State.

The event also marked the launch of the Masterplan for ‘Infovalley’, an IT/ITes and ESDM Investment Region being developed by the State over 730 acres in the capital city, Bhubaneswar. An Electronics Manufacturing Cluster (EMC) will be part of the Infovalley and will provided plug-and-play infrastructure and common infrastructure facilities for more than 100 units. It is pertinent to note that Bhubaneswar was recently ranked as top city in India amongst 97 other cities in the smart city challenge of Government of India.

The State Government also unveiled the strategic Action Plan for the implementation of the ‘Vision 2025’ which lays a roadmap of industrial growth in the State over the next decade in the identified 5 focus sectors of the State including: i. Agro and Food Processing, ii. Chemicals and Petrochemicals, iii. Textiles and Apparel, iv. Downstream and Ancillary industries in metal sector, v. Electronic System Design and Manufacturing and IT/ITeS. The plan covers policy, infrastructure, investment promotion and skilling interventions that the Government plans to undertake for industrial development in the 5 focus sectors.

An advance version of Government of Odisha’s Industrial Portal for Land Use and Services i.e GO iPLUS was also launched during the Meet. GO iPLUS Version 2.0 provides information about the entire land bank available in the State for industrial use and works as a one-stop portal to provide information about all land related queries of an investor. Using the portal, an investor can get information about availability of land parcel in the vicinity of preferred infrastructural utilities such as airport, port etc. All land parcels are also categorized as per environmental category. A user can also get information about all existing industries operating in a particular cluster.

Chief Minister Shri Naveen Patnaik welcomed investors to the Make in Odisha conclave to be organised on 1st and 2nd December, 2016 at Bhubaneswar. A sand art animation created by globally acclaimed sand artist Sudarshan Patnaik marked a fascinating curtain raiser for the conclave.

Investment Break up