‘Invest Kandhamal’ a historical success, secures investment proposals worth Rs 540 crore

Kandhamal is preparing for a transformative era in industrialisation, kick-started by the recent success of its 'Invest Kandhamal' event. This event, viewed as a landmark achievement in the district's history, has generated investment commitments totaling approximately Rs 540 crore. 

Nearly 100 investors visited the district, assessing potential opportunities and expressing considerable interest in contributing to its industrial growth. This influx of attention is seen as a major boost for Kandhamal, known for its lush landscapes and rich cultural heritage but traditionally less industrialized than other districts in Odisha.

'Invest Kandhamal, ' a historical success, signals the beginning of a new chapter for the region, potentially altering its economic landscape.

Anticipated Developments

Kandhamal, a district known for its natural wealth and agricultural products, is set to transform into an industrial hub. Notably, 29 investors have proposed to establish new ventures amounting to Rs 540 crore, potentially creating employment for approximately 4,000 people.

“For the overall development of the district, to end the woes of women, to bring an end to migrant labourers and increase the income of farmers, we have organised this event. Investors have set their sights on setting up businesses here. This will be of great benefit for the district,” informed Sukant Panigrahi, Kandhamal MP.

Commitment from Authorities

Kandhamal authorities have pledged their full support to facilitate these investments, providing necessary infrastructure and resources. The region's rich reserves of Kandhamal turmeric, as well as Daringbadi coffee and strawberries, have garnered national and international recognition, making the district a promising site for new industries. Historically, the lack of industrial opportunities has led to an outward flow of workers seeking employment.

“Over 90 investors, both from Odisha and outside the state participated in the event. After two days of brainstorming, we have received investment proposals to the tune of Rs 540 crore, which will create around 4000 direct or indirectly job opportunities for youths and women in this district,” informed District Collector IAS Amrit Ruturaj.

Sectors Poised for Growth

The 'Invest Kandhamal' scheme targets key sectors such as tourism, food processing, hospitality, and agriculture, showcasing the untapped potential of these areas. During the investment fair, authorities provided comprehensive insights into these opportunities, inviting investors to experience the district's natural beauty and contribute to its economic revival. 

This initiative has brought fresh hope to Kandhamal's residents, as both local and national contributors are encouraged to be part of this transformative journey.