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Naveen Patnaik, the chief minister of Odisha, meets potential investors in Bangalore

By amfnews Oct 3, 2022 #Featured
Naveen Patnaik, the chief minister of Odisha, meets potential investors in Bangalore_AMF NEWSNaveen Patnaik, the chief minister of Odisha, meets potential investors in Bangalore_AMF NEWS
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According to Naveen Patnaik, the markets in Eastern and North-Eastern India are expanding more quickly than those in other regions of the nation. Odisha offers businesses the greatest infrastructure for establishing units to serve these markets.

The Odisha Investors’ Meet was held in Bengaluru on September 28 by the Odisha government and the Federation of Indian Chambers of Commerce and Industry (FICCI). The purpose of the meeting is to introduce potential investors to Odisha’s diverse and business-friendly ecosystem.

Naveen Patnaik, the chief minister of Odisha, led a senior government team that arrived in Bengaluru on Tuesday in preparation for a Wednesday investors’ meeting. To discuss the potential for investing in Odisha and to meet the constantly expanding demand for newer products and services in Eastern and North-East India, numerous one-on-one meetings have been held with potential investors across sectors like food processing, aerospace and defence, healthcare, etc. The investors received guarantees that Odisha would provide world-class investment facilitation.

“Odisha is one of the fastest growing economies in India and has regularly expanded above the national average in the previous decade and a half,” Patnaik said during his speech at the occasion. Because of our advantage in natural resources and strategic position, we are quickly becoming a key industrial destination in India.

Odisha’s rich natural resources, talented and industrious workforce, progressive policies, and solid, goal-oriented governance create a distinctive ecosystem, he continued. The Government of India recently announced ratings for the ease of doing business, and Odisha received the achievers designation, placing it among the top states in India in terms of live manufacturing investments. With Business Leadership Talks, Sectoral Sessions, Start-up Sessions, Women Entrepreneurship Sessions, and Cultural Programs, the Make in Odisha Conclave ’22 (to be held in November and December) offers a variety of action spread over 5 days for investors and the general public.

When discussing start-ups, he mentioned the creation of O-Hub and the Odisha Innovation Fund. “We created the Odisha Start-up Hub (O-Hub) in Bhubaneswar to offer state-based startups a top-notch incubation and co-working facility. Additionally, we established the Odisha Youth Innovation Fund to encourage local inventions among young people in various industries, which primarily consist of technology fixes.

The government, business, and people must work together to assure consistent growth as we enter a new era of industrialization driven by technological advancements and a concept of sustainability.

According to Patnaik, the markets in Eastern and North-Eastern India are expanding more quickly than those in other regions of the nation, and Odisha offers businesses the greatest infrastructure for establishing operations to serve these markets.

By amfnews

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