Dubai: Odisha has garnered investments worth $50 billion in the last two years despite COVID-19 pandemic, said Chief Minister Naveen Patnaik here on Wednesday.
Addressing the Odisha Investors’ Meet in Dubai, the Chief Minister said that Odisha has been attracting FDI (foreign direct investment) in various sectors such as metals, chemicals, petrochemicals, textiles, food processing, logistics and clean energy.
Highlighting the various advantages of Odisha, Chief Minister Naveen Patnaik addressed the gathering underlining Odisha’s advantages in mineral, human resource, use of enabling technology in delivering efficient and effective investment facilitation and Odisha’s progressive policy and governance advantage.
“Odisha holds the lion’s share of India’s mineral reserves with 96 percent of the country’s chromite reserves, 92 percent nickel, 53 percent bauxite, 45 percent manganese, 35 percent iron-ore, and 23 percent coal reserves of India. This has made Odisha the largest producer of Steel, Stainless Steel, Ferro Alloys, Alumina, and Aluminium in India. Odisha also has 11 percent of India’s water resources. The state has a 480-km long coastline making it a natural choice for setting up ports, and for international trade,” he said.
The State is home to a large and highly skilled workforce. Highlighting Odisha’s human resource advantage, the Chief Minister said, “We have made good investments in setting up technical and professional institutes at all skill levels – ITIs, Polytechnics, and engineering and management colleges. Eleven of India’s top 100 Industrial training institutes are in Odisha. With the assistance of the Asian Development Bank (ADB) and the Institute of Technical Education Services (ITEES), Singapore, the Government of Odisha has recently established the World Skill Centre in Bhubaneswar to prepare the Odia workforce for modern and new age Industry.”
On Odisha’s use of enabling technology in delivering efficient and effective investment facilitation, he said, State’s Single Window portal for investors, GO SWIFT has transformed the B2G interface with its user-friendly features which provide time-bound clearances for over 50 G2B services. Odisha is also home to over 1200 start-ups, many of which are in the technology space.
Underlining Odisha’s progressive policy and governance advantage, the Chief Minister said, focusing on 5Ts – Transparency, Technology, Teamwork, Time, and Transformation, the state Government has taken up several proactive measures for the development of industries and infrastructure. This has created an industry-led ecosystem of value addition, sustainable employment generation, and revenue augmentation in the State.
The Chief Minister also announced that the State would be conducting the third edition of its flagship Global Investors Meet – “Make In Odisha 2022” during Nov 30-Dec 04, 2022 at the state capital Bhubaneswar, India. The event would focus on sectors including Metals and Metal downstream, Chemicals and Petrochemicals, Textiles and Apparel including Technical Textiles, Food processing including Seafood processing, ESDM, Logistics and Clean Energy. The Chief Minister extended the invitation to businesses in the MENA region to attend the Make In Odisha 2022 Investor Meet and witness the opportunities the State offers.
The Investors Meet was jointly organised with the Federation of Indian Chambers of Commerce and Industry (FICCI) and the Embassy of India in UAE. It was attended by more than 150 companies based out of the UAE and the Middle East and North Africa (MENA) region from sectors comprising of Minerals and Metals processing, Petrochemicals, Chemicals, Plastics, Heavy Industries, Clean Energy, Food Processing including Sea Food Processing, Electrical Equipment and Electronics Manufacturing, Logistics and Warehousing, Real Estate, and Hospitality. Leading industry associations from the region including Indian Business and Professional Council (IBPC) also participated in the event.