Odisha attracts investments worth Rs. 9 trillion in 2days of Make in Odisha

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Bhubaneswar: The Odisha Government has so far received 325 investment proposals worth Rs. 8.90 lakh crore in the Make in Odisha conclave here. In the third day the state received 180 investment intents worth Rs 1.70 lakh crore in various sectors Principal Secretary Hemant Sharma said.

The State Government received investment intents of Rs 7.26 lakh crore on the first day in a variety of industries.

Speaking to media persons here this evening, Mr. Sharma said the State has received 180 investment proposals worth Rs 1,70,260.85 crore, which would provide employment for 3,78,446 persons.

Out of the 180 proposals received on the second day, 46 intents are in mineral, metal, ancillary and downstream sector (Rs 78000 crore), 43 are in agriculture and food processing (Rs 3500 crore), 24 in information technology (Rs 6000 crore), 22 in power and renewable energy (Rs 51,000cr), 17 in chemical, plastic (Rs 29000 crore), 9 in textile, apparel and garment (Rs 2100 crore), 5 in agri marketing & 14 in agri businesses (Rs 650 crore), he said.

Four groundbreaking ceremonies and four factory openings were performed over the course of the first two days, generating a total investment commitment of Rs. 4423.51 crore and employing 14,270 people.

Yesterday, Chief Minister Naveen Patnaik inaugurated the Ultratech Cement facility in Cuttack, which cost Rs 737 crore and has a 2.2 million tonne production capacity as well as a potential to create 928 jobs.

Jai Bharat Spices, a ready-to-eat-food and cold storage facility with an investment of Rs 50,000 crore, and Astral Pipes, with an investment of Rs 109.81 crore and a production capacity of 35000 tonnes per year for plastic pipes and fittings, respectively, were both inaugurated in Ramdaspur, Cuttack.

With an investment of Rs 93 crore and the potential for 350 jobs, Britannia also increased its current production capacity at Khurda Food Park, which is into manufacturing cakes and cookies.

For Cotton World, Danieli Corus Refractory Solutions Pvt Ltd, Jindal Stainless Steel Park Kalinganagar, and Vedanta Aluminium Park, groundbreaking ceremonies were held.

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