Odisha Investors’ Meet

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Industry captains pledge their support to invest in Odisha 

New Delhi, September 12, 2018: In the run-up to the Make in Odisha Conclave 2018 (MIO 2018), the Government of Odisha organized an investors’ meet in New Delhi in association with its industries partner Federation of Indian Chambers of Commerce and Industry (FICCI) today. The roadshow was a resounding success with the who’s who of India Inc. meeting the Hon’ble CM during the course of the day. These include meetings with Mr. Ritesh Agarwal, Founder & CEO, OYO Rooms, Mr. Rajan Mittal, MD, Bharti Enterprises, Mr. Kamlesh Jain, Chairman & MD, Varun Beverages Ltd, Mr. Shailender Kumar, MD, Oracle India among others. Business leaders from over 300 leading companies participated in the roadshow to explore attractive growth opportunities across Odisha’s focus sectors – food processing and seafood, ancillary and downstream industries in the metals sector, textiles, ESDM manufacturing, chemicals, plastics & petrochemicals and tourism.

The guests of honour at the investors’ meet included Naveen Jindal, Chairman, Jindal Steel and Power Limited (JSPL), Ritesh Agarwal, Founder & CEO, OYO Rooms, Marc Hoffmann, MD & CEO, SMS Group India and Harish Ahuja, Chairman & MD, Shahi Exports.

Mr. Naveen Jindal said JSPL has been making in Odisha for the last many years and has invested more than INR 45,000 Crore in the state employing more than 50,000 people. JSPL’s 6 million tonne per annum (MTPA) steelmaking facilities in Angul is the largest in Odisha and 9 MTPA pellet plant in Barbil, Odisha is the largest pelletisation complex in India. He announced that an industrial park will be established in Odisha for downstream units in steel sector.

Mr. Marc Hoffmann said SMS Group set up its manufacturing plant in Odisha due to low cost of land, electricity and skilled manpower. The company is operating in two locations in Odisha currently. As a foreign investor, the company has received unmatched facilitation support from   Odisha government.

Mr. Ritesh Agarwal said his childhood years in Rayagada district of Odisha had a positive impact on his entrepreneurial journey. He narrated the growth journey of OYO Rooms to India’s largest hospitality in Odisha. We chose Odisha to come into two years back. In last 2 years, OYO Rooms has grown to become the largest hospitality company with 100 assets and aims to grow to 300 assets in the near future.

Mr. Harish Ahuja said apparel manufacturing is a highly employment-intensive industry. In 2014, Shahi Exports was invited to set up a unit in Odisha. Within a month of our first meeting, we were allotted land and in August 2015 we set up our unit. Encouraged by the facilitation support, we are expanding and have employed over 2300 people already.

Speaking at the investors’ meet, Shri Naveen Patnaik, Hon’ble Chief Minister, Government of Odisha said, “I am here to invite all of you to the Make in Odisha Conclave – our flagship biennial global investors’ meet – to know more about the emerging opportunities in Odisha which is fast emerging as manufacturing hub of Eastern India. In our vision to continuously create and deliver outstanding opportunities for business growth, my Government has taken significant measures to improve the infrastructure facilities over the last 18 years. I am pleased to convey that the port capacity has increased from 20.5 MMT to 190 MMT, power generation has increased more than three folds and stands at 17, 690 MW and there has been more than 50% increase in the road network of the State.

A major focus area of my Government has been to provide a transparent ecosystem for the industries. Towards that end, we will make available all policy, cost-of-doing-business and infrastructure related information through a single user-friendly portal ‘Invest Odisha’. The website that was launched today goes beyond the mere availability of information and in fact engages with the investors through a unique chatbot ‘Odishi’ which provides customised information to the users. The website also enables the investors to compare the competitiveness of Odisha with other states, as well as countries to enable the industry in taking informed investment decisions.

My Government has demonstrated its commitment to deliver projects on ground. In the last 09 months, we have successfully inaugurated/conducted groundbreaking ceremony for 50 projects worth investment more than INR 17,000 crores. This has the potential to provide employment opportunities for around 21,000 people in the State. This would not have been possible without a joined-up government using the mantra of 3 Ts- Teamwork, Technology and Transparency.”

During the meetings with investors, the strategic advantages of Odisha were highlighted such as the low cost of doing business, incentives for investors, dedicated sector-specific clusters and over 1,20,000 acres of land bank available for industrial development. The industrial infrastructure at National Investment Manufacturing Zone (NIMZ), Kalinganagar, food processing park at Khordha and Chhatabar,textile parks at Ramdaspur and Dhamnagar, aluminium parks at Angul and Jharsuguda and the plastics park at Paradip was presented to the investors.

ASSOCHAM has ranked Odisha as the No. 1 state in terms of investment implementation rate and the state is consistently ranked 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 2016-17, surpassing the national growth rate of 7.1 percent. 

About Make in Odisha Conclave 2018

The inaugural edition of the Make in Odisha Conclave was organized in 2016 to showcase the manufacturing prowess of the State and the investment potential in diverse sectors. It was an overwhelming success, with announcement of investment intent to the tune of INR 2.03 lakh crore. The Government of Odisha has demonstrated strong commitment to deliver projects on ground, which is reflected in the fact that out of these investment intents received, close to 65% projects are in various stages of approval and implementation.

 

The second edition of the biennial Make in Odisha Conclave 2018 has been scheduled to be held in Bhubaneswar from November 11-15, 2018. The Conclave will be a celebration over 5 days, presenting Odisha, its potential and achievements, to the world. It will also be a platform to exchange ideas and share knowledge. The conclave will have sector specific seminars across food processing, smart city, logistics & infrastructure, tourism, ESDM manufacturing, aerospace & defence apart from other engaging events.

CM Naveen Patnaik launch Web portal

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ODISHA INVESTORS MEET AT MAURYA HOTEL NEW DELHI

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Wednesday – 12th September 2018 – ITC Maurya, New Delhi

I am happy to inform you that Government of Odisha is organizing “Make in Odisha Conclave 2018” on November 11-15, 2018 at Bhubaneswar. FICCI is the “National Industry Partner” to this high profile event.

As a prelude to the Conclave, an Investors’ Meet is being organized in Delhi as per the following schedule:

  • Date    : Wednesday, 12th September 2018
  • Venue : Kamal Mahal, Hotel ITC Maurya, Diplomatic Enclave, S.P. Marg, New Delhi
  • Time    : 11:00 am – 01.00 pm

The event aims to showcase the huge investment opportunities available in Odisha in the identified sectors including Ancillary & Downstream Industries in Metal Sector, ESDM & IT, Food Processing, Chemicals & Petro-Chemicals, Healthcare, Logistics & Infrastructure, Smart City, MSME, Textiles & Apparel, Tourism etc.

 

Shri Naveen Patnaik, Hon’ble Chief Minister of Odisha will address the participants at this occasion.

The Investors’ Meet would be attended by Business Leaders, Investors, diplomats, Senior State Government officials and other stakeholders.

I am sure that this programme will provide an excellent opportunity to you to gauge the investment potential of Odisha. May I, therefore, request you to participate in this important event and join us for Lunch thereafter. In case you are pre-occupied you may kindly nominate someone senior from your organization on your behalf.

Kindly confirm your participation in the attached response proforma. You may also register online at http://mio.ficci.comThose who have already confirmed may kindly ignore this mail.

I look forward to your positive response.

With best regards,

Yours sincerely

Arun Chawla

Deputy Secretary General

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