Odisha gets Rs 7.26 lakh crore investment at MIO Conclave 2022

By Subrat Sarangi

BHUBANESWAR, DEC. 1: On the first day of ‘Make in Odisha Conclave 2022’ (MIO), Odisha received Rs 5,85,742 crore investment proposals  across many sectors, including defence, metal parks, pharmaceuticals, textile and apparels. This apart, it also received Rs 1,4,386 crore investment proposals from the road shows that preceded the MIO Conclave 2022.

Thus, the total investment proposals the state received from its third edition of MIO amounted to Rs 7,26,128 crore. In the first edition and second editions of the mega industry meet held in 2016 and 2018, the state had received Rs 2 lakh crore and Rs 4.19 crore investment proposals, respectively.

Speaking at the plenary session of the event, Odisha chief minister Naveen Patnaik who shared dais with country’s topmost industry icons, said the state is emerging as a fulcrum of trade, commerce and industrialisation in eastern India and the state is soon going to a trillion dollar economy,

“Odisha is destined to become a trillion-dollar economy in near future. The state will emerge as the gateway to East and South East Asia,” the CM said. ArcellorMittal chairman L N Mittal, Vedanta Group chairman Anil Agrawal, JSW chairman Sajjan Jinda, Jindal Steel & Power Limited chairman Naveen Jindal, JSL chairman Ratan Jindal and Tata Steel managing director T V Narendran, FICCI president Subhrakant Panda were among country’s top 54 industry leaders present at the plenary session.

According to state industry secretary Hemant Sharma, the new investment proposals would generate employment opportunities for 3,20,741 persons.

“It was the first day of the four-day MIO Conclave. We have three more days left and we are expecting more investment proposals. This is a good sign. Investors are choosing Odisha as their most favoured destination for its industry-friendly policy, political stability, skilled manpower and good governance,” said Mr Sharma.

“We offer better than the best to investors. Our new Industrial Policy which was unveiled today provides the support and incentives which are beyond the best in the country. We have launched new policies in the sectors of tourism, renewable energy, apparel and textile, food processing and exports,” said the industry secretary.