Make in Odisha: the new route for potential investors?

In a fresh step towards attracting more investments to the State, the Odisha government will organise a 'Make in Odisha' conclave shortly in which potential investors, industry bodies and business chambers are likely to join.

The detailed proposal for the event was discussed in a high-level meeting held under the Chairmanship of Chief Secretary A P Padhi here yesterday. Principal Secretary Industry Sanjeeb Chopra presented the proposals and outlined the issues for discussion, an official statement said.It was decided to organise the event from November 30 to December 2, 2016 at Bhubaneswar. It would be organised under the joint aegis of Government of Odisha and Department of Industrial Policy & Promotion (DIPP), Government of India. Various industry associations, business chambers, experts, potential investors from India and abroad would participate in the event, it said.The Chief Secretary directed concerned departments to prepare shelf of investment projects in their respective sectors and share it with potential investors for making the conclave more result-oriented. Chopra said specific arrangements would be done to list out and follow up the investment leads and intends.

Chief Secretary Padhi also directed the departments to finalise various investment policies in different sectors before the conclave. The departments were asked to finalise the policies or bring necessary amendments to the existing policies within 30 days. The objectives of the conclave are to showcase manufacturing ecosystem in Odisha, highlight investment opportunities and elicit investment intentions from the corporate. There will be three-day-long activities including exhibition, exposure, networking, plenary sessions and sectoral sessions.

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The stall of large companies operating in Odisha in the sectors like steel, aluminum, infrastructure, food processing, IT, textiles, petrochemicals, power etc., will also be set up showcasing newly emerging investment opportunities in their respective sectors. The meeting also decided to organise pre-event investor reach out activities like road shows at Delhi, Kolkata, Pune and Hyderabad along with participation in TEXCON, Delhi scheduled to be held on October 13-14, and Ambassadors meet at Delhi on October 17.

A budget of around Rs 20 crore has been proposed for the conclave.