The Odisha Government organised an investors’ meet during the Vibrant Gujarat Global Summit 2019 held in Gandhinagar, the capital of Gujarat, on Saturday.
As many as 116 investors from Gujarat attended the road-show to learn more about the investment opportunities provided by Odisha. These investors represented a variety of sectors like textiles and apparel, chemicals and petrochemicals, food processing and downstream industries in metals, among others.
Delivering a presentation on strategic advantages of Odisha as an investment destination, IPICOL MD Dr Nitin Jawale said, “Odisha is emerging as the preferred manufacturing destination and manufacturing hub of Eastern India. With able and stable governance, progressive policies, competitive cost and ease of doing business, availability of raw materials, industry-ready infrastructure and skilled manpower, Odisha beckons Gujarat-based industries to explore new growth opportunities.
The successful operations of companies such as Adani Group, Welspun and Manpasand Beverages are a testament to Odisha’s potential.”
The success stories of doing business in Odisha were shared by the Jindal Stainless Limited chief resident representative Shashibhushan Upadhyay, Welspun’s Odisha Project head Subhendu Parida, Adani Ports joint president Unmesh Abhyankar, JSPL ED Manish Kharbanda and Tata Steel SEZ Limited MD Ashish Mathur.
In the forenoon, a series of one-to-one meetings were conducted with investors who expressed their keenness to explore Odisha for greenfield projects and benefit from the State’s proactive business reforms and facilitation mechanisms.
Notably, the State is making all efforts to attract 2.5 lakh crore of fresh investments and generate 30 lakh job opportunities as per Chief Minister Naveen Patnaik’s Vision - 2025
The State has been ranked number-one in terms of investment implementation rate and amongst the top three States in terms of live manufacturing investments in the country. Odisha has registered a GSDP growth rate of 7.94 percent in FY2016-17, surpassing the national growth rate of 7.1 percent.
