Make In Odisha

The third edition of 'Make in Odisha' Conclave is being held between November 30 and December 4, with focus on sectors, including metals and metal downstream, chemicals and petrochemicals

The biennial investment conclave is scheduled from November 30 to December 4 this year

Make in Odisha 2018, held between November 11 and 15, 2018, had drawn investment proposals valued at Rs 4.19 trillion across 15 sectors

Chief Minister Naveen Patnaik had set the implementation target at 75 per cent of these proposals within a time frame of next two years

The second edition of Make in Odisha drew investments of the order of Rs 4.19 trillion, more than double the figure of Rs 2.03 trillion the state pocketed at the maiden edition in 2016

Land hurdle continues to be a sore point for big ticket greenfield investors in Odisha. Even the land bank boasting of over 150,000 acres in its pool doesn't enthuse a large investor given the lack of a huge patch of contiguous land.Big ticket investors are set to be in a quandary after announcing their ambitious intents at the recently wound up Make in Odisha 2018 conclave- its second edition. Odisha reaffirmed the trust of the investor community, drawing Rs 4.19 trillion in virgin investments. Buoyed by the success of the spectacle, the state government is eyeing to implement 75 per cent of the fresh investments over the next two years. The conclave attracted 183 projects, 64 per cent of which fall in the greenfield category. Petrochemicals sector has two of the biggest investors in value- Haldia Petrochemicals and a Taiwan based firm. Investments by the two total to over Rs 1.1 trillion. Each of the two projects needs sizeable tracts of land, posing a challenge to the state ...

Along with investors from abroad, businesses pledged Rs 4.19 trillion across 183 projects over the next 12 years in Odisha.

Sector receives Rs 1.35 trillion worth proposals, including those from HPL, CPC of Taiwan

The Odisha government has set a target to attract an investment of Rs 198 billion in food processing by 2025

With the stage set for the second edition of its showpiece investment summit- Make in Odisha, the state is eyeing Rs three trillion investments. The inaugural edition of the conclave had drawn investment intents valued at Rs 2.03 trillion."Based on extensive roadshows made in the domestic circuit and at foreign destinations, our internal assessment is that this year's conclave may see intentions surpassing the previous edition's mark and may be within the range of Rs 2.5-3 trillion", said an official in the know.Aside from metals sector which is expected to have a dominant share of the projected investments, emerging sectors like tourism and electronics manufacturing are likely to be major draws at the event, he added.Addressing a press conference Thursday, Sanjeev Chopra, principal secretary- industries (Odisha) said, "We have not set any target. The prime objective of this year's conclave is not only to get investment but also showcase the Odisha in its entirety, more outside the ...

Odisha has been fast emerging as a petrochemicals hub in the country

As the banking partner, SBI intends to introduce a slew of products and services to cater to not just the financial needs of large corporates but also MSMEs

In the maiden Make In Odisha campaign held in 2016, IT and electronics system design and manufacturing had attracted Rs 15 billion in investments.

At a roadshow, Patnaik launched 'I Am Odisha' campaign.

Roadshows have been planned in Delhi, Chennai and Bengaluru

The state government has notified operational guidelines for reimbursement of subsidy on capital investment under Information and Communication Technology (ICT) Policy 2014 belatedly.

Odisha's hope of making it to the coveted top three has been dashed

Over the past 4 years, the state has made rapid strides in attracting manufacturing investments with 118 large projects approved

After drawing investment intents worth Rs 2.03 lakh crore at the 'Make in Odisha' conclave, the Odisha government has set its eyes on speeding the pace of implementation of the projects. Despite being the favoured destination of investors, Odisha has drawn flak for its historically slow conversion rate of investments.But, as the state targets implementation of fresh investment intents of at least Rs 1.5 lakh crore in three years, it has sounded the alert tone to the investors to pull up their socks.Four months have elapsed since the announcement of investments at the 'Make in Odisha' conclave in December but many of them have not taken the shape of concrete proposals. With corporates still dallying on submitting their proposals, the state government has reached out to them, seeking status of such projects along with the timelines.Recently, the state industries department has written to Goutam Adani, chairman of Adani Group, TV Narendran, managing director of Tata Steel, AK Jha, ...

State targets at least 75% of investments committed in Make In Odisha summit, within three years