Make in Odisha conclave attracts investment of more than Rs 22000 crore on first day

The Make in Odisha conclave, the state's biggest showpiece event, has managed to attract over Rs.22,000 crore in new investments on the first day itself. The list includes leading business groups like the Adanis, Tatas, Hindalco and ITC - they have announced fresh investment plans in the state.
This has been reported in thestatesman.com dated 1 December 2016.

Adani group chairman has indicated that their overall investment plans in the state stand at over Rs.12,000 crore and additional plans are in hand to raise this investment even higher to Rs.15,000 crore. That is expected to generate over 10,000 jobs within the state.
Another key investor is Tata Steel - it proposes to invest Rs.15,000 crore in scaling up steelmaking capacity at Kalinganagar plant to eight mtpa from three mtpa currently.
Managing director of Hindalco Industries went on to announce a fresh investment of Rs.4,000 crore in the state. Similarly - ITC also announced to invest Rs.800 crore in the state. It plans to invest Rs.800 crore in two projects in the state - one of these is for the 110 rooms of a five-star hotel under the 'Welcome' brand. Second is for a food processing plant to be set up on Bhubaneswar's periphery.
Hindustan Coca-Cola Beverages also announced an investment of Rs.500 crore in the state for the next three years. The Dalmia group also announced an investment of Rs.2,000 crore in the state in its cement projects.
Speaking on the occasion, Odisha Chief Minister Naveen Patnaik thanked the industry leaders for showing their commitment towards the state and expressed hope that the 'Make in Odisha' conclave will go a long way in carrying forward the brand Odisha as a land of new opportunities.


Image courtesy wikimediacommons.org


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