Home Industry State Eyes 6 L Cr In MiO 

State Eyes 6 L Cr In MiO 

Bhubaneswar: The State Government is expecting to receive intents worth more than Rs 6 lakh crore during the Make in Odisha (MIO) Conclave, 2022.

Chief Minister Naveen Patnaik will inaugurate the third edition of Odisha’s biggest business extravaganza MIO here at Janata Maidan on Wednesday evening. The Conclave will continue till December 4.

Addressing a press conference here on Tuesday afternoon, Industries Minister Pratap Keshari Deb said that over 11,600 registrations were received by the Government to participate in the Conclave.

Principal Secretary Industries Hemant Sharma moderated the Media Meet. Principal Secretary Information & Public Relations & RD Sanjay Kumar Singh was present in the Meet.

The organizers have successfully managed to line up 124 speakers and schedule 38 events spanning all the Conclave days.

“This is a massive initiative by the Government where 22 Departments have come together to plan and execute the Conclave,” Mr.Deb said.

As a build-up to the Make in Odisha Conclave 22, in the last three months, the Chief Minister has led Government delegations on roadshows to various metros across New Delhi, Mumbai, Bengaluru, and Hyderabad in India as well as in Dubai.

Senior State Government officials have also held roadshows at Coimbatore, Jamshedpur, Ahmedabad and Lucknow, he said.

Getting a huge response from all these roadshows, the Conclave will see participation from corporate India.

Some of the eminent corporates expected at the Conclave are L N Mittal, Executive Chairman, Arcelor Mittal, Kumar Mangalam Birla, Chairman, Aditya Birla Group, Anil Agarwal, Chairman, Vedanta Resources Limited, Sajjan Jindal, Chairman, JSW Group, Naveen Jindal, Chairman, JSPL, T V Narendran, CEO&MD, Tata Steel.

Other than that, representatives from partner countries of Japan, Norway and Germany will also grace the occasion.

“We are expecting to receive investment intents from about 100 big industries. This year, we are also expecting that we will receive more investment than what we have received in past two editions,” the Minister said.

In the 2016 edition, the State received over 120 investment intents valued at over Rs. 2 lakh crore while in 2018, the State received investment intentions valued at over Rs. 4 lakh crore. So, in this edition, the State is expecting more than investment intents of Rs 6 lakh crore.  

Organised by the Government of Odisha, the most awaited global investors’ summit of the year will see the gathering of several titans from across various industries, investors and other delegates looking to explore Odisha’s investment potentials and maximize them.

As part of the Conclave several sessions on various sectors will be held. One among six key focus sectors is Textiles and Apparels. With the purpose to showcase the opportunities and potential of Odisha in the Textiles, Apparels and Technical Textiles sector, there will be two sectoral sessions held on December 2, 2022 to promote the Textiles and Apparels sector.

The first session on “Textile and Apparel” will look at boosting the emergence of Odisha as the textile hub of Eastern India.

The second panel discussion on “Sourcing of Handlooms and Handicrafts” will look at promoting and capitalising the global market potential of Odisha’s traditional handlooms and handicrafts.

Following the sectoral sessions, a fashion show, organized by Boyanika in collaboration with NIFT, will take place on 3rd December 2022 to showcase the handlooms, textiles and apparels from Odisha.

The Government of Odisha has made all possible efforts to make this Conclave a grand success, said Arabinda Kumar Padhee, Principal Secretary, Handloom, Textiles and Handicrafts Department.

“I urge investors in the apparel and textile including technical textiles sector to come to Odisha and see the ecosystem and the investor friendly policy support for potential investors,” he said.

Shovan Krishna Sahu, Director of Textiles & Handloom, said, “With leading industry players from apparel, made- ups and technical textiles segments and representatives involved across the value chain of Textiles manufacturing attending and participating in the deliberations, the sessions will witness the State Government’s commitment to the development of the sector.”

The conclave will ignite to fill the gap between raw material production in the State to the finished product i.e. farm to fashion in coming years.