The Odisha Investors’ Meet in Dubai received expressions of interest for investments of Rs 21,000 crore in the State, potentially creating more than 19,000 new jobs.
On Wednesday, the Indian Embassy in the UAE conducted the Investors’ Meet in collaboration with the business organisation FICCI. More than 150 businesses from the MENA (Middle East and North Africa) area and the United Arab Emirates attended.
The State received many investment intentions from a variety of industries, including infrastructure, hospitality, logistics, chemicals, and food processing.
At the Dubai meeting, Odisha receives Rs 21,000 crore in investment ambitions_AMF NEWS
Notably, it was Naveen Patnaik, the chief minister of Odisha, who made his second overseas trip in his 22 years in office.
According to a release, Patnaik urged potential investors to visit Odisha and promised all the enterprises “unmatched facilitation” and support.
High-level corporate representatives from the businesses that have previously made investments in Odisha were part of the team that attended the investors’ meeting.
A presentation on the “Odisha Industrial Ecosystem” was presented during the Investors Meet, stressing the enormous investment potential in Odisha.
Patnaik informed the audience that his state, Odisha, holds the majority of India’s mineral reserves, including 96% of the nation’s chromite reserves, 92.2% of its nickel reserves, 53.3% of its bauxite reserves, 45.4% of its manganese reserves, 35.3% of its iron-one reserves, and 23.3% of its coal reserves.
He said that Odisha has a sizable and highly trained labour population and that the state government has invested wisely in the establishment of technical and professional institutes at all skill levels, including ITIs, Polytechnics, engineering, and management colleges.
The third iteration of the State’s renowned Global Investors Meet would be held, the Chief Minister added.
2022′′ in the state capital of Bhubaneswar from November 30 to December 4, 2022, and welcomed investors to join the event and see the potential the state has to offer.
Since 2021, the statement continued, the Odisha government has approved investments totaling more than $50 billion.
In industries including metals, chemicals and petrochemicals, textiles and apparel, including technical textiles, food processing, including seafood processing, logistics, and clean energy, the state is luring FDI.
Prasanta Patnaik