Make in Odisha Conclave 2018 to usher in diversified industrial development in Odisha

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Bhubaneswar:The recently concluded Make in Odisha Conclave 2018 will herald a new era of accelerated and diversified and broadbasedalokindustrial growth in Odisha.
Of the 183 investment intents received in the lead up to and during the Make in Odisha Conclave 2018, 64% are greenfield projects in non-mineral sectors. More importantly, these greenfield projects in the non-mineral sector collectively have the potential to generate 2.3 lakh employment opportunities.
Commenting on the development, Mr. Sanjeev Chopra, Principal Secretary, Industries Department, Government of Odisha said, “It is encouraging to note that the majority of investment intents have been received for setting up new projects in non-mineral sectors which is a reflection of the tremendous opportunities Odisha provides across the focus sectors and validates the efficacy of investment promotion efforts by the State Government. While mining and metals have been the traditional mainstays of Odisha’s economy, the diversification of industrial base is critical for sustainable and employment-intensive industrial growth in the state.”

The 10 largest greenfield non-mineral investment intents received have been given below.

Sl. No. Company Investment Intent (in Rs. Crore) Employment potential Sector
1 Haldia Petrochemicals 70,000.00 31,000 Fertilizer, Refinery, Petrochemical, Chemical & Plastics
2 A Taiwanese company 43,000.00 30,000 Fertilizer, Refinery, Petrochemical, Chemical & Plastics
3 Affordable hospitals in 25 locations on PPP mode 1,300 N/A Healthcare
4 A Japanese company 2,000 11,470 Agriculture & Food Processing
5 Gold Plus Glass Industry Ltd 2,000 13,500

 

Glass

 

6 Chivaro Aerospace & Systems Private Limited 1,650.00

 

11,200

 

Defence manufacturing
7 Jindal Stainless Limited 1,532.00 18,800

 

Private Industrial Parks
8 Vopak India Pvt. Ltd

 

1,500.00

 

2,000

 

Logistics & Infrastructure
9 Dhamra Port Company Limited 1,345.00

 

3,000

 

Private Industrial Parks
10 KK Nesar Projects Pvt Ltd

 

1,250.00

 

15,700

 

Power & Renewable Energy

 

 

The sectoral break-up of investment intents in the non-mineral and metals segment showed that fertilizers, refinery & petrochemicals (20%), food processing (16.4%), textiles & apparel (9.3%) and logistics & infrastructure (6.55%) have attracted maximum investments.

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