Bhubaneswar: ‘Make in Odisha’ Conclave, which showcases the state’s business potential and manufacturing prowess to the world, is likely to be rebranded as Utkala Investors’ Summit.
Speaking to media after the 3rd council meeting of CII, Industries Minister Sampad Chandra Swain said that the state government is aiming for Rs 2.5 lakh crore domestic investment at the Utkala Investors’ Summit, hinting at renaming of the initiative.
“FDI inflows of USD 2 million was also discussed along with steps to encourage start-up business in the state,” he said.
Swain further said that the industrial corridor of Rourkela-Sambalpur-Dhamra-Paradip-Balasore will be further developed by 2027. “Odisha abounds with natural resources and has a vast coastline. The government along with CII will take steps for growth of industries in the state,” he added.
The state had received investment proposal worth Rs 10.5 lakh with 10,37,701 employment potential across sectors from 741 companies during the fourth edition of the biennial conclave held between November 30 and December 4, 2022. It also saw the launch of the Industrial Policy Resolutions 2022, which focuses on making Odisha the destination of choice for industrial enterprises across the country and Globally. The then CM, Naveen Patnaik, had said the state has attracted major investments in steel and aluminum projects and will emerge as the global hub in these sectors by the turn of the decade.
The first conclave was organised in November 2016.