Odisha Lures Foreign Investments

As part of its strategy to attract investments, the State Government has planned to organize road shows in Italy, Germany and Saudi Arabia to attract investments ahead of the Make in Odisha Conclave.

Minister Industries Ananta Das held several high level meetings and participated in panel discussions with industry experts to promote industrial development in Odisha in Italian capital Milan which he is visiting at the invitation of Italian Consul General for Eastern India Damiano Francovigh.
A discussion on ‘Odisha-Industrial hub for Italian companies bilateral meetings’ chaired by President IIMH Alberto Cavicchiolo was today’s highlight, said sources in the Department, sources here said today.
Several companies such as Nalco, Hindalco, JS Group, Renovation, Daniel and C. Tenova, Vedanta, Foundry Ecocer, Sideridraulic, etc have been invited to participate in the ongoing discussions.
Principal Secretary Industries Sanjiv Chopra and CMD, Odisha Industrial Infrastructure Development Corporation (IDCO) Sanjay Kumar Singh are also accompanying the Minister.
A 13-member team led by Mr.Das will visit three countries-Italy, Germany and Saudi Arabia- to woo investors for the Make in Odisha Conclave starting from November 11 to November 15.
The Team would showcase its investment potential and the slew of measures taken for ease of doing business to the foreign companies during the tour.
In the second phase, the team will be visiting China, South Korea and Japan during the first or second week of August, the Minister had informed before leaving for Italy.
The State Government is partnering with the Federation of Indian Chambers of Commerce and Industry (FICCI) for the second Make in Odisha conclave after the Confederation of Indian Industry’s (CII) withdrawal from the conclave.
At the inaugural edition of Make in Odisha in December 2016, Odisha drew investment intents valued at Rs 2.03 trillion at the event.
Sixty per cent of those investments are now in various stages of approval or implementation, the Government has claimed.

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