Bengaluru, 26th August 2016 (OdishaLIVE Bureau): Odisha investors’ meet at Bengaluru attracts big faces from different sectors and yield promises for a large investment in the state. On the second day of the meet, Odisha CM Naveen Patnaik interacted with the corporate leaders and promised them to offer the best if they plan to invest in the state. The CM also launched Odisha Start-up Policy at the occasion.
Indian Steel giant JSW has announced to build a steel plant in the state and invest to the tune of 50 thousand crores. “We plan to set up a ten million capacity plant in this eastern state. In this slurry pipe-line project, the initial investment will be 12 hundred to 15 hundred crores, “said Mr. Sajjan Jindal, CMD of the company.
Odisha CM Naveen Patnaik launched the start-up policy 2016 at the event. It aims at setting up over 1000 ventures in the next five years. In this ambitious policy, the govt. aims to place Odisha among the top best investment destinations of the country by 2020.
On the second day of the event, among other dignitaries, Odisha Industry Minister, Debi Prasad Mishra; IT Minister Pranab Prakash Das; Odisha Skill Development Authority Chairman Subroto Bagchi; Development Commissioner R.Balkrishnan; Industry Secretary Sanjeev Chopra; and top industry leaders like Sajjan Jindal, Kiran Majumdar Shaw, CMD, Biocon; Sachin Bansal, Founder, FlipKart; Ritesh Agarwal, Founder, OYO Rooms; Srikumar Mishra,Founder, Milkmoo; R. Chandrasekhar, President, NASSCOM; and Sanjay Patnaik, Chairman, CII Odisha Chapter shared the dais.
During the event, an MoU was signed between Govt. of Odisha and Wadhwani Foundation. The foundation shall assist Odisha in the field of Vocational Training and Skill Development. Mrs Ranjana Chopra, Secretary, School and Mass Education and Austin Thomas, Executive Vice President, Wadhwani Foundation signed the MoU on behalf of the respective entities.
Yesterday, at Odisha investors’ meet, Odisha govt. officials met over 42 investors and got commitment for large scale investment in the state. Neyveli Lignite Corporation (NLC), a National PSU had expressed interest to invest over 25 thousand crores. The company plans to develop a 500 megawatt capacity solar power plant and coal processing plant in the state. Similarly, Bharat Electronic Limited (BEL), another central PSU, had expressed willingness to develop a solar energy in Balangir district with an investment of 2,000 crore.
Odisha investors’ meet at Bengaluru, organized by govt. of Odisha in association with CII and Karnataka Govt., had a mandate to invite large investments to the state especially in the areas of manufacturing, IT, tourism, electronics, petro-chemicals and food processing etc.