Bhubaneswar: Chief Minister Naveen Patnaik said that Odisha has fast emerged as a major Manufacturing Hub in the country.
The sectors range from metal and minerals to chemical & petrochemicals and food processing, among others, he said flagging off the 16th phase of inauguration, ground-breaking of industries worth over Rs 1650 crore here.
“We have shifted from a resource-dependent, mineral-based industrial development to more rapid, broad-based and inclusive economic growth across diverse sectors,” he said.
He assured required support to the investors looking to explore Odisha as a potential investment destination and also provide the best of opportunities for its people to grow.
Shri Patnaik said, “My government has always endeavored to provide a hassle-free and prompt business environment for the investors in Odisha. Our focus on the 5T philosophy in transforming the industrial sector has further strengthened the industry-led ecosystem of value addition, sustainable employment generation and revenue augmentation in the State.”
Make in Odisha Conclave- 2022 was an outstanding success as the event was attended by business leaders and industry delegates from different sectors, across the country, and the event could attract investment intentions of Rs.10 lakh Crore to Odisha, generating potential for employing around 10 lakh people in the state, the Chief Minister said.
“Our vision is to enable faster conversion of investment intents to grounding and provide unmatched facilitation and support to industries,” he said.
While ground-breaking was done for 17 projects in the state, two projects were inaugurated by the Chief Minister.
The investment intent for these projects was received during MIO Conclave 2022.
These projects across sectors like plastic, sea food processing, manufacturing, tourism, IT and ESDM, refractory, agro and food processing, pharmaceuticals and steel downstream are likely to create employment opportunities for over 4500 persons.
Industries & MSME Minister Pratap Keasri Deb said that Odisha is slated to be the next manufacturing hub of the country.
“The state under the direction of the Chief Minister has been providing every possible support to industries,” he added.
Chief Secretary Suresh Chandra Mohapatra, ACS Tourism Surendra Kumar and other senior officers were present on the occasion.
Principal Secretary Industries Hemant Sharma gave the welcome address while MD IPICOL and IDCO Bhupinder Singh Punia proposed the vote of thanks.
The State Government is relentlessly working to ensure that the investment intents generated during the MIO Conclave-2022 are transformed into ground reality.
The projects included Supreme Industries Ltd., Ashirvad Pipes Private Limited, IFGL Refractories Limited, JMS Medicon amongst many others.
The two projects inaugurated included namely Supreme Industries Ltd, and Ashirvad Pipes Private Limited in Cuttack.
A total of 470 employment opportunities are expected to be generated from the projects.
In the food processing sector, the ground-breaking was done for six projects namely Sao Breweries and Distilleries Private Limited, Indian Potash Ltd, Globus Spirits Ltd, Oriclean Private Limited, Amrit Dhara Nutrifoods LLP and DN Sea Shells Pvt. Ltd. which together are expected to provide 1459 employment opportunities.
The segment saw a total investment of Rs 803.6 crore.
In the manufacturing segment the government initiated the ground-breaking for three projects.
From setting up of manufacturing unit for modular kitchen, workstation etc to that of PET Preforms and Closures for the F&B industries, the state accommodated projects of various magnitudes under the same segment.
The manufacturing sector witnessed an investment of Rs 293.34 crore and is likely to generate 243 employment opportunities for the youth of the state.
The ground breaking ceremony was also held for Incture Technologies Pvt Ltd in the IT & EDSM segment and for Mayfair Hotels & Resorts Ltd, Aspen Lake Suites LLP and Luxurio Assets Private Limited in the tourism segment. Mayfair Hotels & Resorts Ltd will expand their existing resort franchise to Gopalpur and Ganjam.
On the other hand, Aspen Lake Suites LLP will set-up their 5-star resort facility in Barkul, Chilika, Khurda. Luxurio Assets Private Limited is also expected to come up with their resort facility in Gopalpur and Ganjam. In terms of investments, the IT & EDSM garnered a total investment of INR 46.79 crores while the tourism sector secured a total investment of INR 203.73 crores.
In the steel downstream sector, JSE Infotech Pvt. Ltd. and Nilachal Engineers will invest a total amount of Rs 12.78 crore and they are jointly expected to generate 160 employment opportunities.
The projects are coming up in Ramdaspur in Cuttack and in Jaymangal in Khurda respectively. Ramdaspur has also been chosen as the destination for JMS Medicon which has invested Rs 21.44 crore and is expected to generate 203 employment opportunities.
IFGL Refractories Limited which will invest Rs 66.27 crore also witnessed their ground-breaking ceremony today.
Under the leadership of the Chief Minister Naveen Patnaik, the Government has actively helped industrialists to set up their projects and initiate the inauguration and ground-breaking ceremony for all the projects, phase-by-phase.