Bhubaneswar: Chief Minister Naveen Patnaik is in the United Arab Emirates on a four day visit during which he is scheduled to interact with important investors from the Middle East and other countries. He will take part in the Odisha Investors’ Meet 2022 being held at the Business Bay, Dubai. The Meet is being seen as an important event to unravel Odisha’s opportunities before the world. While potential investors from all across the world are attending the meet, the thrust will be especially on the Middle East.
The stage has been set in Dubai for the mega event on the 29th June. Dubai is today the most imperative destination for the business world where the who’s who of world economy gather and discuss business opportunities. Odisha Investors’ Meet 2022 in Dubai is the biggest such event being organized by the Government outside India in order to attract foreign investments for its already growing economy.
Odisha today has been the perfect destination for investors from across the world for its magnificent value proposition. While the core of the economy remains in the mining and metallurgical sectors that include Iron, Aluminum and coal, the state has also excelled in the services sector with double digit growth in Tourism, Information Technology and Business Process Outsourcing. Of late Odisha has also become at important destination for the Petroleum and Plastic Industry for its growth. Propelled by the 5T Initiatives, the thrust of the Government of Odisha under the leadership of Chief Minister Naveen Patnaik has been on developing the Agriculture, Chemicals, Food Processing, Textiles and Port Infrastructure in the state. With the abundance of natural resources and the required infrastructure, Odisha today remains the best destination in the country.
The organization of the Meet and the visit of the Chief Minister to the Middle East is seen as the right step at the right time. As the world is limping back from the pandemic, the business world is looking for the right opportunities. The event is surely going to attract the best of the investments to the state and bring in large scale employment opportunities.
Odisha’s priority at the Dubai Investors Meet will be to attract investments in the petrochemicals and renewable energy. With massive changes in the governance system especially in the last two decades under CM Naveen Patnaik, the investment scenario in Odisha has seen a sea change. Odisha has been the champion of reforms and it is utilizing the potential of IT to give the best deal to the investors today. The 5T Initiatives of Odisha Government has helped streamline the governance process and speeded up decision making in all departments. The use of Information Technology has helped to do away with the bottlenecks that the investors faced earlier. The Single Window System of facilitating and approving investments into the state has been successfully helping businesses to set up their units in Odisha. CM Naveen Patnaik is expected to make aware the gathering about Odisha’s potentials and the opportunities the state gives as the investment hub.
Odisha has seen a remarkable turnaround in its economic scenario in the last two decades. From primarily being a metals and minerals based economy, Odisha has transformed itself into a state that excels in the services sector too. In the last one decade, Odisha has recorded a growth rate of about ten percent annually and in 2021-22 Odisha economy grew by 10.06 percent when the country could achieve just four percent. The Covid-19 pandemic affected the world economy and growth rates plummeted everywhere. But Odisha has remained unaffected the global risks because of its robust economic activities. Odisha’s per-capita income has also grew by more than ten percent in the last decade. The annual budget of Odisha is going to be of more than Rs lakh crore this year. The Government of Odisha has also the largest land bank earmarked for industries from various sectors.
Dubai is today the most sought after destination in terms of attracting tourists from across the world. By organizing the meet at this place, Odisha is certainly going to have its impact on the investors from the sector. Odisha’s potential in the tourism sector is slowly getting recognized and the Meet is going to give it a mighty direction. Its nature trail and the religious and architectural marvelous destinations will be the main attractions for the potential investors from the services sector.
The meeting is being attended by more than 350 delegates from across the world and India and Chief Minister Naveen Patnaik is going to make a detailed presentation on the opportunities Odisha is offering to them. He is also scheduled to meet various Odis organizations from the middle east and interact with the Odia diaspora.
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