FICCI’s 93rd Annual General Meeting: Odisha Receives New Investment worth Rs 1 Lakh Crore, Naveen Patnaik tells Industry Captains

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By Our Correspondent

BHUBANSWAR/NEW DELHI: Industry Captains from multiple sectors, attending the 93rd annual general meeting of the Federation of Indian Chambers of Commerce & Industry ( FICCI), the largest, oldest & the apex business chamber of India, on Saturday got  a boost after people friendly Odisha Chief Minister Naveen Patnaik said his State and FICCI have been partners in progress. “This partnership is multi-dimensional spanning across investment promotion, policy advocacy, promoting entrepreneurship especially among women and start-ups,” said Patnaik. Chief Patnaik congratulated the FICCI team on the successful organization of 93rd Annual General Meeting and extended his good wishes for all future initiatives including collaboration with Odisha.

Chief Minister Naveen Patnaik has said that “Odisha is fast emerging as the ‘Manufacturing Hub of Eastern India’. My Government has always endeavoured for a holistic business environment for the investors in Odisha.”Patnaik inform that Odisha has been able to attract new investments of over Rs.1 lakh crore across multiple sectors. CM said “I am extremely happy to note that FICCI will again be the National Industry Partner for the third edition of Make in Odisha Conclave. FICCI had played a vital role in the success of the Conclave in 2018. I look forward to continued support and would request FICCI to nominate dedicated sectoral teams to work with respective departments in the Government of Odisha especially in important sectors such as Food Processing, Chemical, Tourism and IT”.

CM said “I am happy to inform all present here today, that as part of my government’s initiative to reduce regulatory burden on industries, new end-to-end online systems for over 30 Government to Business services have been developed by various departments of the State. To further ensure that the service delivery is prompt, the timelines for the services have also been included under the State’s Right to Public Services Act. The State has also developed a dedicated land bank with over one lakh acres of land available on a GIS-based platform for easy site selection by industries”.

Patnaik said Odisha has been recognized as an investment destination of choice over the years. Odisha was ranked number 1 in terms of attracting investments during April-September 2019, and is poised to continue this leadership position.CM said “To attract new investments in the identified focus sectors, our officials have held discussions with institutions and industries from Japan, Republic of Korea, USA and Vietnam to showcase the business ecosystem and investment opportunities in the State. I am happy to note that the investor sentiment towards Odisha is extremely encouraging”.

“My Government is not just focusing on attracting new investments, but also on grounding the projects. In the recent past, new industrial projects were launched in diverse sectors ranging from Healthcare, renewable energy, Downstream to Steel & Aluminium, IT and Food processing”, said he.

“We are now targeting specific focus sectors including the ancillary and downstream to metal sector. We are working towards further value addition in major industrial regions such as Angul and Jharsuguda for aluminium downstream and Kalingnagar for steel downstream. Further, Paradeep is being developed as the hub for chemicals and petrochemical industries”, said CM.

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