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Odisha to house 2nd investment summit in December

In 2016, Odisha had for the first time organised the ‘Make in Odisha’ event, along with the Department of Industrial Policy & Promotion (DIPP) and the Confederation of Indian Industry (CII).

Officials said a meeting would be conducted with the officials of the state industrial promotion agency Industrial Promotion & Investment Corporation of Odisha Ltd (IPICOL), land acquisition agency Odisha Industrial Infrastructure Development Corporation and mining PSU Odisha Mining Corporation (OMC).

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“Particulars about the date and month of hosting the ‘Make In Odisha’ event is likely to emerge after the meeting”, said an industries department official.

The ‘Make in Odisha’ conclave, the state’s biggest showpiece event, had attracted over Rs 2 lakh crore investment intents in the state.The state had received a total investment intent of Rs 2,03,235 crore. Out of this, there were investment proposals of Rs 97,911 crore in the minerals and metals sector, while the tourism sector received an investment proposal of Rs 2,076 crore.

An investment proposal of Rs 38,443 crore was received in the infrastructure sector, while the power and regeneration sector received an investment proposal of Rs 29,932 crore.

Steel Authority of India Ltd (SAIL), Tata Steel, Adani Group, National Thermal Power Corporation (NTPC) and the Indian Oil Corporation Ltd (IOCL) were among the key investors at the last year’s event.

Input from: Business Standard

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