More investment comes Odisha’s way on second day of ‘Make in India Week’

Bhubaneswar: With several investment proposals coming Odisha’s way, the second day of the ‘The Make in India Week’ currently underway in Mumbai has turned profitable for the state.

While the state, on the first day of the event, had received investment proposals to the tune of Rs 56,000 crore from a number of companies from India and abroad during their discussion with chief minister Naveen Patnaik in Mumbai, eight more companies have come up with their proposals on the second day of the event during a meeting with state Industries minister Debi Prasad Mishra today.

Of the eight companies, Solon India Pvt Ltd, a Telangana-based company, has expressed its keenness on setting up a 400-MW solar power plant while Panchavaktra Holding Pvt Ltd, a Gurgaon-based company, has proposed to invest in the renewable energy sector.

Besides, Deepak Fertilisers and Chemicals and Corporation Ltd, a Maharashtra-based company and one of the India’s largest manufacturers of natural gas/ammonia derivative products and petrochemicals, and Gitanjali Exports Corporation Ltd, a Mumbai-based company and a leading manufacturer and exporter of cut and polished diamonds and diamond studded jewellery in India have proposed to invest Rs 1200 crore each in the state.

Two other companies—NSL Sugars Ltd, a Hyderabad-based company and Welspun India Ltd, a Mumbai-based company and a fully integrated home textile manufacturer and one of the largest global home textile players, with world class manufacturing facilities in India—have planned to set up a sugar refinery and a textile unit respectively in the state.

Besides, Vedanta has also proposed to set up a Rs 1000-crore Alumina Park in Jharsuguda.

Apart from this, a business delegation of Persistent Systems, a Pune-based IT company and Lava International, a Noida-based mobile company will visit Odisha shortly to explore business opportunities in the state.