Odisha achieved great success in Make in Odisha Conclave 2022 in the concluding day of the Make in Odisha 2022 conclave on 04 December 2022. The conclave was organized from 30 November 2022 to 04 December 2022 in Bhubaneswar.
The state was able to attract capex worth Rs 10.5 trillion through 741 investment proposals. This is a sharp shoot and surpassed the investment intents of the first edition in 2016 with Rs 2.03 trillion and the second edition in 2018 with (over Rs 4 trillion). These investment proposals would generate over 10 lakh direct and indirect employment.
“I am happy to announce that the conclave has generated investment intents of Rs 10.5 trillion with an employment potential for 10,37,701 people. Let us all work hard to implement these investments on the ground and take Odisha to a new era of industry-led growth,” – Naveen Patnaik, CM- Odisha
The leading investors of the conclave turned out to be ArcelorMittal Nippon Steel India and JSW Steel at the end of the Conclave. The major chunk of the investment has been made by JSW’s in the renewable energy including a captive RE park and solar equipment manufacturing unit. ArcelorMittal Nippon Steel India’s new steel plant in Paradip is another significant project.
Of the 741 investment proposals received; metals, ancillary and downstream sector accounted for the largest share at Rs 5.50 trillion, followed by power, renewable energy & green energy at Rs 2.38 trillion; logistics & infrastructure received proposals adding up to Rs 1.2 trillion, chemicals, petrochemicals & plastics received Rs 76,000 crore. Other sectors that attracted investment included cement, manufacturing, IT, agriculture & food processing.
