Odisha hosts Roadshow to woo Investors

New Delhi: The Odisha Government today held an investment meeting here to showcase business opportunities in various sectors like Electronics and IT (E&IT) and startup.

The conclave was attended by representatives from the IT and Electronics industry based in the National Capital Region.

The investment meet is part
of Odisha Government’s initiative to connect with potential investors in the lead up to the third edition of the biennial investment conclave ‘Make in Odisha’ (MIO) scheduled from November 30 to December 4 this year.

“Odisha is known to be one of the first states to get the top four IT companies to set up centres on its turf. Our next phase is to ramp up Information Technology (IT) and ITes (IT-enabled services). In its geographic location, Odisha has many inherent advantages. We have an abundance of rivers and some well-developed ports,” said Industries Secretary Hemant Sharma at the meeting.

Nitin B Jawale, Managing Director of Industrial Promotion and Investment Corporation of Odisha Ltd (IPICOL) said, “Bhubaneswar will be the next Bengaluru with six lakh highly-qualified, white-collar professionals”.

With 18 per cent of total investments of India, our target is to attract Rs 2.5 lakh crore of investments by 2025 offering over 30 lakh jobs in the state, he said.

According to a recent Niti Aayog report, Odisha is the second fastest mover state with a score of 58. 2019 witnessed Odisha gaining nine points as its score moved up from 51 in 2018.
Odisha is one of the leading states when it comes to “Ease of doing business” and recently edged past Maharashtra as the most attractive destination for investments during H1 or the April-September period of FY20.