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Odisha beckons investors in Gujarat

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Gandhinagar/Bhubaneswar: After the success of Make in Odisha Conclave held in Bhubaneswar last year, Odisha government beckoned the investors in Gujarat encouraging them for investment in the State.

As many as 116 investors from Gujarat attended a road show at the Investors’ Meet during Vibrant Gujarat Global Summit 2019 in Gandhinagar on Saturday to learn more about the investment opportunities provided by the State.

These investors represented a variety of sectors in manufacturing ranging from textiles & apparel, chemicals & petrochemicals, food processing, downstream industries in metals among others.

Delivering a presentation on strategic advantages of Odisha as an investment destination, Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL) MD Nitin Jawale, “Odisha is emerging as the preferred manufacturing destination and manufacturing hub of Eastern India. With able and stable governance, progressive policies, competitive cost and ease of doing business, availability of raw materials, industry-ready infrastructure and skilled manpower, Odisha beckons Gujarat-based industries to explore new growth opportunities.”

“The successful operations of companies such as Adani Group, Welspun and Manpasand Beverages are a testament to Odisha’s potential. There are tremendous opportunities in the areas of textiles & apparel, food processing, chemicals and petrochemicals, aerospace & defence and downstream industries in metals sector. The Government of Odisha welcomes investors to come and invest in the State and assures unmatched facilitation support to help implement the projects,” he said at the event.

The success stories of doing business in Odisha were shared by Shashibhushan Upadhyay, Chief Resident Representative, Jindal Stainless Limited, Subhendu Parida, Head, Welspun’s Odisha Project, Unmesh Abhyankar, Joint President, Adani Ports, Manish Kharbanda, Executive Director, Corporate Affairs, Jindal Steel and Power Limited and Ashish Mathur, MD, Tata Steel SEZ Limited.

In the forenoon, a series of one-to-one meetings were conducted with investors who expressed their keenness to explore Odisha for greenfield projects and benefit from the State’s proactive business reforms and facilitation mechanisms.

Notably, with the objective of attracting 2.5 lakh crore of fresh investments and generating 30 lakh job opportunities as part of Chief Minister Naveen Patnaik’s Vision – 2025, Odisha government is diversifying and broad-basing the state’s industrial development across the focus sectors.

Odisha’s investor-friendly policies and the development of world-class infrastructure have received very positive feedback from investors across the country as the State has been able to create an ideal business ecosystem for various sectors to flourish in the state.

The State has been ranked number 1 in terms of investment implementation rate and amongst the top 3 States in terms of live manufacturing investments in India. Odisha has registered a GSDP growth rate of 7.94 percent in FY2016-17, surpassing the national growth rate of 7.1 percent.