Chief Minister Naveen Patnaik invited representatives of Indian industry to invest in Odisha at an investment roadshow organised by the state government in Mumbai Wednesday. The roadshow was held as part of preparations for the Make in Odisha Conclave 2018.
The CM CMD of Reliance Industries Mukesh Ambani, Chairman of Mahindra Group Anand Mahindra, Chairman of Aditya Birla Group Kumar Mangalam Birla, Chairman of Godrej Group Adi Godrej, CMD of Raymond Group Gautam Singhania and Founder and CEO of Future Group Kishore Biyani. Business leaders from more than 300 leading companies participated in the roadshow to explore attractive growth opportunities across the state.
According to reports, the entrepreneurs have also assured the state of support to its industrialisation in the coming days.
The chief minister also launched a campaign titled ‘I am Odisha’ at the roadshow. The campaign offers a platform for Odias to share their success stories that will enthuse and inspire others to move towards economic progress.
“Odisha is emerging as the manufacturing hub of eastern India, and my government is working tirelessly towards developing the state into the manufacturing hub of South Asia. My government has promulgated progressive policies and developed state-of-the-art infrastructure with a view to develop a conducive environment for industrial development,” the CM said and added that he has “personally assured investors of unmatched support”. He further said that he had invited entrepreneurs to Make in Odisha Conclave 2018 to be held in Bhubaneswar in November.
Entrepreneurs, too, spoke of the investment climate in Odisha. TV Narendran, Global MD and CEO, Tata Steel Limited, said: “The investments we are making are spread across Odisha and all of this is possible because we have had continued support of Chief Minister Naveen Patnaik.”
Debnarayan Bhattacharya, the vice-chairman of Hindalco Industries, echoed Narendran. “Support from the state government is unparalleled. Odisha’s dream is to become the aluminium capital of India and we support this dream wholeheartedly,” he said.
Milk Mantra MD and CEO Srikumar Misra said: “Odisha provides the right ingredients — a supportive policy framework that is improving every year, non-interfering political system and stable government, government officials who are willing to help, and rule of law in place.”
The Make In Odisha Conclave 2018 is the flagship biennial business event of the Government of Odisha. After the resounding success of the event in 2016, the State will be organizing the second edition of the marquee event at Bhubaneswar during November 11 to 15, 2018.
The conclave will showcase the policy & regulatory environment, investment opportunities across focus sectors and the manufacturing prowess of the State.
National Investment and Manufacturing Zone (NIMZ), Kalinganagar
98% of chromite, 55% of bauxite and 33% of iron ore deposits of India are in Odisha. To leverage on this advantage and encourage investments in the manufacturing sector, the State has envisaged this “National Investment and Manufacturing Zone (NIMZ)” at Kalinganagar and is determined to create state-of-the-art infrastructure and enabling industrial –urbanism, catering to metal and manufacturing industry.
The project is spread over an area of 40,339 acres which already boasts of large integrated steel plants with support infrastructure. An estimated investment of over $15.21 billion is expected to be made in this Zone. Availability of diverse and large mineral reserves of aluminium, chrome and other feedstock will enable the potential investors for setting up of their industries with focus on Auto ancillaries, component manufacturing, Equipment/process manufacturing, heavy fabrication, downstream steel industries etc.
The Zone shall also have exclusive areas earmarked to be developed as downstream/ancillary industrial parks, which will thrive on the available feedstock. The development of these parks and the supporting physical and social infrastructure shall be carried out on PPP basis providing significant opportunities for the developers.
Stainless Steel Project ProfileSteel Project Profile
Petroleum, Chemicals and Petrochemicals Investment Region, Paradip
India is the fourth largest consumer of crude oil and petroleum products in the world. India is also the third largest producer of chemicals in Asia. The sector has been growing significantly over the past few years. This can be substantiated by the 400% increase in the value of chemical exports from Odisha over the last 2 years (2013-14 and 2012-13.
PCPIR region at Paradip is being developed as world class infrastructure to provide a conducive business environment and promote and attract exclusive investments in the Petroleum, Chemicals, Petrochemicals and allied sector. It is one of the four proposed PCPIRs in India and is also located near one of the largest freight ports in India, which provides a gate way to all the markets in Indo-China and Eastern Asia.
Spread across an area of nearly 68,000 acres and with envisaged investment of USD 42.20 billion, the PCPIR at Paradip is one of the largest integrated investment regions in India. Indian Oil Corporation Limited (IOCL), India’s biggest state-owned oil gas corporation is the anchor tenant in the project and has committed petrochemical feedstock facilities such as Polypropylene, Mono Ethylene Glycol, Paraxylene-Purified Terephthalic Acid (PTA) Complex and Petcoke Gasification from its refinery.
Dhamra investment region
The Dhamra Investment Region is envisioned to become a stepping stone in the development of a resilient and responsible port city in the Dhamra region with a focus on controlled and sustainable urban growth while supporting local livelihoods.
Consisting of six optimally designed industrial zones with world class facilities, the project’s multi-sectoral approach would offer the ideal environment for setting up manufacturing facilities for various industries such as food processing, textiles, fertilisers, chemicals and pharmaceuticals. It would also be equipped with a logistics hub, which would handle domestic and international traffic from its industrial zones as well as support adjacent industrial clusters. Additionally, it would have dedicated commercial, recreational and residential zones making Dhamra a self-contained ecosystem.
The region has the advantage of excellent road, rail and port connectivity and is proposed to be developed as one of the coastal economic zones under the Sagarmala programme. Its port connectivity would make Dhamra an excellent value proposition for industries looking to tap into the rapidly growing markets of South-East Asia.
Supplemented with favourable state policies and abundant resource availability, Dhamra is well poised to open fresh avenues for industrial development on the east coast of India.