Several investors expressed interest in Odisha, says state

CM-Make-in-IndiaSeveral domestic and international investors from Japan, China, South Korea and Italy expressed their interest to invest in Odisha in meetings with Chief Minister Naveen Patnaik on Sunday at the ongoing Make in India week in Mumbai, the state government said.

Patnaik addressed Odisha investors’ meet as part of the ongoing Make in India week while he also held one to one meetings with investors from China, Japan, South Korea and Italy as well as domestic. He also met the ambassadors of South Korea and Japan.

Japan evinced interest to collaborate with Odisha to develop Bhubaneswar as smart city, while a team led by South Korean envoy would visit the state in April to explore investment opportunities.

“Japan to collaborate with Odisha in developing Bhubaneshwar as a smart city. Japan to collaborate in the areas of sanitation, Information Technology and clean energy,” said a post on the Facebook page of chief minister’s office.

Besides, Siemens along with Tata group also proposed to develop the capital city as a smart city, it added.

A Chinese delegation committed to set up industrial parks in Odisha and would visit Bhubaneswar on Monday to explore potential locations, the chief minister’s office said in a tweet.

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Delegates of German car manufacturer Volkswagen also expressed interest to invest in Odisha and it has decided to visit the state to explore opportunities

US-based global electronics manufacturing services provider Sanmina Inc. said it to explore setting up of a Rs.1,000 crore facility in the state.

Celanese, a Fortune 500 company, discussed setting up of an ethanol plant at Paradip, while an Indonesian firm lans to set up a solar panel manufacturing facility at Bhubaneswar with an investment of Rs.5,000 crore, said CMO.

Infrastructure major GMR explored opportunities to expand operations across all verticals in the state, with the group’s business chairman G.B.S. Raju saying: “Odisha is on its way to emerge as the best investment destination in the country. GMR Group will be investing additional Rs.1,800 cr in Odisha.”

Apart from international investors, domestic manufacturers too showed interest to invest in the state.

Ruchi Soya has proposed to set up two new food processing facilities in the state at an investment of Rs.250 crore while ITC announced to set up its food processing business there.

Similarly, Nestle plans food processing facility and engagement in social development in Odisha, said the CMO.

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