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Dubai, UAE: Using on the final two years of a excessive stage of investments authorized by Authorities of Odisha, amounting to over US$50 billion since 2021, the state Authorities of Odisha in India is attracting International Direct Funding (FDI) in sectors comparable to Metals and Steel downstream, Chemical compounds and Petrochemicals, Textiles and Attire together with Technical Textiles, Meals processing together with Seafood processing, ESDM, Logistics and Clear Vitality.
On this regard, the Odisha Buyers Meet was held in Dubai immediately underneath the management of Shri Naveen Patnaik, Hon’ble Chief Minister of Odisha, India, together with a delegation of senior officers from the Authorities of Odisha.
The Buyers Meet was collectively organised with the Federation of Indian Chambers of Commerce and Trade (FICCI) and the Embassy of India in UAE. It was attended by greater than 150 firms based mostly out of the UAE and the Center East and North Africa (MENA) area from sectors comprising of Minerals and Metals processing, Petrochemicals, Chemical compounds, Plastics, Heavy Industries, Clear Vitality, Meals Processing together with Sea Meals Processing, Electrical Gear and Electronics Manufacturing, Logistics and Warehousing, Actual Property, and Hospitality. Main {industry} associations from the area together with Indian Enterprise and Skilled Council (IBPC) additionally participated within the occasion.
In the course of the Buyers Meet, a presentation on the “Odisha Industrial Ecosystem” was made highlighting the large funding alternatives in Odisha.
Highlighting the varied benefits of Odisha state, the Hon’ble Chief Minister Shri Naveen Patnaik addressed the gathering underlining Odisha’s Mineral benefit; Odisha’s human useful resource benefit; Odisha’s use of enabling expertise in delivering environment friendly and efficient funding facilitation and Odisha’s progressive coverage and governance benefit.
“Odisha holds the lion’s share of India’s mineral reserves with 96 p.c of the nation’s chromite reserves, 92 p.c nickel, 53 p.c bauxite, 45 p.c manganese, 35 p.c iron-ore, and 23 p.c coal reserves of India. This has made Odisha the biggest producer of Metal, Stainless Metal, Ferro Alloys, Alumina, and Aluminium in India. Odisha additionally has 11 p.c of India’s water sources. The state has a 480-km lengthy shoreline making it a pure selection for establishing ports, and for worldwide commerce,” he stated.
The State is dwelling to a big and extremely expert workforce. Highlighting Odisha’s human useful resource benefit, Shri Patnaik stated, “We’ve got made good investments in establishing technical {and professional} institutes in any respect ability ranges – ITIs, Polytechnics, and engineering and administration faculties. Eleven of India’s prime 100 Industrial coaching institutes are in Odisha. With the help of the Asian Improvement Financial institution (ADB) and the Institute of Technical Schooling Providers (ITEES), Singapore, the Authorities of Odisha has lately established the World Talent Centre in Bhubaneswar to arrange the Odia workforce for contemporary and new age Trade.”
On Odisha’s use of enabling expertise in delivering environment friendly and efficient funding facilitation, he stated, State’s Single Window portal for buyers, GO SWIFT has reworked the B2G interface with its user-friendly options which offer time-bound clearances for over 50 G2B providers. Odisha can be dwelling to over 1200 start-ups, lots of that are within the expertise area.
Underlining Odisha’s progressive coverage and governance benefit, the Honourable Chief Minister stated, specializing in 5Ts – Transparency, Expertise, Teamwork, Time, and Transformation, the state Authorities has taken up a number of proactive measures for the event of industries and infrastructure. This has created an industry-led ecosystem of worth addition, sustainable employment era, and income augmentation within the State.
The Hon’ble Chief Minister additionally introduced that the State can be conducting the third version of its flagship International Buyers Meet – “Make In Odisha 2022” throughout Nov 30-Dec 04, 2022 on the state capital Bhubaneswar, India. The occasion would give attention to sectors together with Metals and Steel downstream, Chemical compounds and Petrochemicals, Textiles and Attire together with Technical Textiles, Meals processing together with Seafood processing, ESDM, Logistics and Clear Vitality. The Chief Minister prolonged the invitation to companies within the MENA area to attend the Make In Odisha 2022 Investor Meet and witness the alternatives the State provides.
The staff Odisha additionally performed one-on-one B2G conferences with main firms of the area comparable to LuLu Group, NBTC Group, Sharaf Group, Twenty Fourteen Holding and Tablez Group, ERAM Group, Sobha Group, Arab and India Spices LLC, Tabreed, and many others. The State Authorities invited them to discover Odisha of their future expansions and apprised them of the large Indian and sub-continent market. The federal government additionally assured all the businesses of unmatched facilitation and help.
The staff Odisha additionally included a high-level enterprise delegation from the highest firms who’ve invested in Odisha. The enterprise delegation included Parth Jindal – Managing Director, JSW Cement, Saroj Poddar – Chairman, Paradeep Phosphates Restricted, Satish Pai – Managing Director, HINDALCO, Dilip Oomen – CEO, AM/NS India, Rahul Sharma – CEO, Vedanta Ltd., Subhrakant Panda – Managing Director, IMFA, Sujoy Choudhury- Director, IOCL, Jagadish Naik – Chairman, and Managing Director, DN-Properties, Bhabatosh Sahoo, Managing Director, B-One Enterprise Home Pvt Ltd., Prashant Mallick – Managing Director, Tata Metal SEZ and Mr. Chanakya Chaudhary – Vice President, Tata Metal Ltd.
The Odisha Buyers’ Meet was a platform for presenting the huge array of alternatives Odisha provides to companies within the UAE and the MENA area. It has generated an enormous curiosity among the many enterprise neighborhood as it’s the first time {that a} state like Odisha which has acquired vital home investments has additionally reached out to UAE to draw FDI.
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About Odisha State
India’s best-kept secret Odisha is a state of India, positioned within the northeastern a part of the nation. It’s bounded by the states of Jharkhand and West Bengal to the north and northeast, by the Bay of Bengal to the east, and by the states of Andhra Pradesh and Telangana to the south and Chhattisgarh to the west.
Earlier than India grew to become impartial in 1947, Odisha’s capital was at Cuttack. The current capitol was subsequently constructed at Bhubaneshwar, within the neighborhood of the town’s historic temples within the east-central coastal plains. In late 2011 the state’s identify was formally modified from Orissa to Odisha. With an space of 60,119 sq. miles (155,707 sq. kilometres), it has a inhabitants of 46 million individuals.
Odisha is positioned in a climatic area generally known as tropical wet-dry (or tropical savanna). In January, the good month, excessive temperatures in Cuttack sometimes rise into the mid-80°F (about 30°C) from a low within the mid-50°F (low 10°C). In Might, the warmest month, temperatures often attain the mid-90°F (mid-30°C) from a low within the low 70°F (low 20°C). The upper elevations of the hills present some reduction from the summer time warmth, which turns into significantly oppressive within the basins of the central tract.
Many of the state’s manufacturing actions are tied to its pure sources. Massive-scale mineral-based industries embrace metal, ferromanganese, cement, aluminum, and fertiliser manufacturing in addition to nonferrous smelting. Different main industries embrace the manufacture of chemical compounds, ceramic merchandise, and aeronautics gear. Usually, heavy and large-scale industries are concentrated within the inside areas of the state. In contrast, many of the foundries (particularly for aluminum and brass), glassworks, and paper mills are positioned within the coastal plains, as are small-scale industries, together with mills that produce cotton textiles, sugar, and rice. There’s additionally a small however vital handicraft sector that features a extremely regarded sericulture (silk manufacturing) {industry}.
Press Contacts
India
Alok Azad
FICCI, New Delhi
E-mail : [email protected]
Tarun Jain
FICCI, New Delhi
E-mail : [email protected]
Dubai, UAE
Muhammad Yusuf
Pan Asian Media
E-mail : [email protected]
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