MIO 2022: Odisha Gets 145 Proposals For Investment Of Over Rs 7.26 lakh Crore

Bhubaneswar: The state government has received as many as 145 proposals for an investment of over Rs 7.26 lakh crore in different sectors at the ongoing ‘Make In Odisha Conclave’ 2022 being held in Bhubaneswar.

Giving this information, Principal Secretary, Industries, Hemant Kumar Sharma said 40 investors from India and representatives of Nepal, Japan, Germany and Norway discussed about investment in the state during a meeting with Chief Minister Naveen Patnaik.

In the first plenary session on Thursday, around 54 large investors were present along with more than 2000 entrepreneurs. As many as 13 sessions were held today while 21 agreements for investment were also signed, Sharma told media persons.

The plenary session on Day 1 of the summit saw 67 investment intents amounting to a total of Rs 5,85,742 crore, exchanged between the delegates and the government. The proposals have the potential to create 2,47,892 job opportunities in the state, Sharma said.

This apart, a total of 78 investment intents for investment of Rs 1,40,386 crore with potential of 72,849 jobs received during the roadshows organised ahead of the Conclave were also formally accepted, he said, adding that the total investment intents amounted to Rs 7,26,128 crore.

“Minerals, metal, ancillary and downstream of metal sectors received the lion’s share of intents in the Conclave,” Sharma said.

The mega event, which was declared open at Janata Maidan on Wednesday evening, has received over 11,600 registrations for participation in the mega Conclave.

As part of its industrialisation policy, the state government has   announced that it will provide 30 acres of land in 30 days of application, 50 acres of land in 50 days and 100 acres in 100 days.

Investments in the priority sector and thrust sectors will receive 20% and 30% subsidies respectively, informed the state government.

Inaugurating the Conclave, CM Naveen assured the investors that the government will run the extra mile to make them comfortable in Odisha. “We offer you better than the best. Our new industrial policy provides the support and incentives which are beyond the best in the country,” Naveen said.