Odisha garners over Rs 90k cr at investors’ meet in Bengaluru

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Bengaluru: In a major achievement in its endeavour to attract investments, Odisha was able to garner investment commitments worth Rs 90,490 crores at the two-day investors’ meet organised in Bengaluru.

“I personally met heads of 24 companies today. We have received total investment announcement of Rs 90,490 crore during the two days with employment potential of more than 70,000,” said Chief Minister Naveen Patnaik after the meet.

According to sources, Jindal South West (JSW) led the pack of prospective investors by committing an investment worth Rs 50,000 crores in Odisha. JSW has shown interest in setting up a steel plant in Odisha. The company has also proposed to set up a Rs 1500 crore Slurry pipeline project.

Tata Power has pledged investments worth Rs 1250 crores in green development, hospitality and real estate.

“We are basically working on four projects, which include a cement plant, a slurry pipeline project, expansion of iron ore and coal berths in the port town of Paradip and a large mega steel plant of 10 million tonne (MT) capacity,” said chairman of JSW group Sajjan Jindal.

“I basically discussed how we can start creating a very important biotech cluster in Odisha with incubators and accelarators at various research institutions in Odisha and then working outwards,” said Biocon CMD Kiran Majumdar Shaw.

“We talked about how we can play a role in the growth of Odisha and how we can benefit from the opportunities that exist over there including setting up of data centers and creating warehouses. We are going to think about those things,” said Flipkart chairman Sachin Bansal.

On the second day of the meet today, Odisha CM Naveen Patnaik today launched the Odisha Start-Up policy, 2016. The focus on the second day of the meet was on the Medium, Small and Micro Enterprise sector. Sources said companies across sectors like healthcare, auto and auto component, pharmaceutical, petrochemicals, renewable energy and textiles have shown interest in investing in Odisha.

The Odisha government also signed a MoU with Adani Foundation to set up a skill development center for vocational training and skill development at school level.

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