Make in Odisha receives Rs 2 lakh crore investment intent

The major investors in the state are NTPC, MCL, SAIL, Tata Steel, Adani, JSPL, PPL and IOCL.

PTI December 02, 2016 20:24:58 IST
Make in Odisha receives Rs 2 lakh crore investment intent

Bhubaneswar: Odisha government today said it has received investment intent of Rs 2,03,270 crore in ten diversified sectors during 'Make in Odisha Conclave', which has the potential to generate more than 1.38 lakh additional jobs in the state.

Make in Odisha receives Rs 2 lakh crore investment intent

File photo of Odisha CM Naveen Patnaik. PTI

"We are delighted with the response for this first ever conclave that we have organised. I hope to have continued support of industry for the overall socio-economic development of our citizens and position Odisha as the manufacturing hub of the East.

"The state government has decided to organise this conclave biannually as a stepping stone towards realising our Vision 2025 for the industrial development of the state," Odisha Chief Minister Naveen Patnaik said.

The state has received investment intent worth Rs 2,03,270 crore in sectors including fertiliser, petro chemicals, food processing, health, infrastructure, IT and ESDM,, metal and minerals, manufacturing, textiles and tourism, during the event that concluded today.

The major investors in the state are NTPC, MCL, SAIL, Tata Steel, Adani, JSPL, PPL and IOCL.

"Odisha should look to becoming a manufacturing hub by producing value added products instead of supplying raw materials and it (will) generate employment," Union Minister of state for Power, Coal and Renewable Energy Piyush Goyal said.

"When I took over as a minister, one of the first instructions from Prime Minister Narendra Modi was to look east. The focus of development has to be on eastern states
including Odisha, West Bengal, Jharkhand, North East and Bihar.

"It is the considered view of the government that unless the eastern part of the country progress we cannot visualise a better India. It is very important that eastern states take rapid steps to make up for lost space in development," Goyal added.

He further said that by 2018, every village in Odisha will have electricity.

"By May 2018, every village in Odisha will be connected with electricity. I am happy to say that things are in progress," the minister said, adding that state will use coal cess to expand renewable energy.

"We will help Odisha to come in the map of major states to have renewable energy," Goyal said.

Union Minister of Petroleum and Natural Gas Dharmendra Pradhan said Eastern India, including Bihar, Jharkhand, Odisha and West Bengal will be connected with natural gas pipeline.

The Centre is also planning an investment of Rs 13,000 crore in Odisha, he added.

Meanwhile, Odisha is expecting an overall investment of over Rs 30,000 crore in the urban development sector in next 5-7 years.

The state is planning to develop 86 projects, with a total investment of Rs 77,108 crore, over the next five years under the national smart city challenge for Bhubaneswar and Rourkela, G Mathi Vathanan, Commissioner-cum-Secretary said.

The Bhubaneswar Plan has 50 projects worth Rs 4,537 crore, of which Rs 2,725 crore are likely to be invested through PPP mode, while Rourkela Plan has 30 projects worth Rs 2,571 crore of which Rs 334 crore is expected to be invested through the PPP mode.

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