Odisha Receives Investment Intents worth over Rs 25,000 Cr at Odisha Business Meet 2023 in Tokyo

Bhubaneswar: The Odisha Government has received investments intents worth over Rs 25,000 crore at Odisha Business Meet 2023 at Tokyo in Japan.

The State received investment intents in sectors like Logistics, Metal Ancillary, Steel, Metal Downstream, Green Hydrogen and Green Ammonia, Green Energy Equipment Manufacturing and IT/ITeS at Odisha Business Meet 2023 at Tokyo.

Chief Minister Naveen Patnaik, Kazuya Nakajo, Executive Vice-President, JETRO, and Senior Officials from the Government of Odisha, IPICOL & FICCI were present in the meeting, which was attended by over 200 delegates, representing various industries from across Japan.

Addressing the business leaders, Chief Minister Naveen Patnaik said, “Odisha is one of the fastest growing economies in India and has consistently grown above the national average in the last decade and a half. We are fast emerging as a major industrial destination in India because of our natural resource advantage and strategic location. Odisha’s abundant natural resources, skilled and productive human resources, progressive policies and strong result-oriented governance provide a unique ecosystem. Today, Odisha is ranked among the top states in India in terms of attracting investments and has been accorded the achievers status in the recently released ease of doing business ratings by the Government of India.”

The CM highlighted how Odisha is becoming the fulcrum of trade and commerce in the Bay of Bengal region and the measures the Government of Odisha has undertaken to help industries looking to cater to the untapped markets in Eastern and North-Eastern India as well as markets in ASEAN and East Asia region.

Speaking about industrialization in this era of technological innovations, Naveen said “As we enter into a new era of industrialization propelled by advancements in technology and a philosophy of sustainability, we require a collaborative effort between the governments, industries and people to ensure consistent growth.”

“Odisha, a state known for its rich culture and tradition, is transforming into a modern industrial hub. While my government is focused on providing the best-in-class facilitation to all investors coming to Odisha, we are also deeply committed to protecting our rich cultural history. The renovation and restoration of Buddhist Pilgrimage Sites have been a key agenda of my Government. I am happy to say that we are transforming sites like Dhauli, Udaygiri, Ratnagiri and Lalitgiri. I request all my Japanese friends to visit Odisha and experience the change. Come, Invest in Odisha, Invest in the future. Come, Join the Juggernaut,” the CM added.

The event was attended by more than 200 leading companies in Japan and the Indo-Pacific region who witnessed the offerings of the Government of Odisha and got an opportunity to explore various avenues of collaboration with the state government and local companies in Odisha.

An MoU for collaboration in skill development sector was also signed between Nihon-Utkal (NITKAL) and IIIT, Bhubaneswar. The event also enabled trade and technology transfer-discussions between Odisha business delegation and Japanese companies.