US Companies Show Interest to Invest in Odisha

Bhubaneswar: At a time when new economic orders are being emerged amid global pandemic, the American investors have shown interest to invest in Odisha.

In an interactive session with US-India Partnership Forum through video conferencing, potential investors made queries about investment opportunity in Odisha.

The leading industries who showed interest in the interaction session included ATC, Avaada Energy, Carirn Energy, Cisco, Exxon Mobil, Herbalife, HP, Mars, Microsoft, Oracle and Paypal from the wide spectrum of sectors such as energy, agri-business, nutrition, aviation, information technology, metals and renewable energy.

Odisha Chief Secretary Asit Tripathy chaired the interactive session with the members of UN-India Strategic Partnership Forum (USISPF) through video conference where industry principal secretary Hemant Sharma presented the unique competitiveness of Odisha over other States for investment, in metal, non-metal, downstream, electronics and IT sectors.

Chief Secretary said the State has followed policy consistency in matters of industrial promotion; and, now State is all set to roll out more progressive regulations in matters of land leasing, contract farming, direct farmer-market connect that will open new avenues of investment”.

Highlighting Odisha’s advantages, Sharna said, “Odisha is a pioneer State in having a stabilized single window clearance system for investment proposals. It is supported by a well-developed institutional arrangement through IPICOL, Odisha. The State has been among Top-Five lead states in ‘ease of doing business”.

Go-Swift Portal i.e. Single Window on-line Investor Facilitation and Tracking portal has been awarded with Excellence in Government process Re-Engineering for Digital Transformation at national level by Government of India for the year 2019-20.

Electronics and Information Technology Secretary Manoj Mishra, replying to the investors said, “We have well developed electronic and manufacturing sector just close to the capital city. The State is rich with skilled manpower in electronic and IT”.

Mishra elaborated the IT and electronics eco-system already available in the State.
Dr. Nitin Bhanudas Jawale, chief managing director of IPICOL, Odisha coordinated the entire session.