Indus Valley Times

Metals, ancillary and downstream sector attracts Rs 5.50 lakh crore investment proposals

BY A.K.SAHOO

Bhubaneswar, Dec. 5: During the four-day ‘Make in Odisha Conclave 2022,’ the state received an overall investment proposal worth Rs 10.5 lakh crore, exceeding the sum total Rs 6 lakh crore investment bagged in the first and second editions of the grand business meet held in 2016 and 2018, respectively.

As per the state government official sources, the investment would generate 10,37,701 employment opportunities across sectors from 741 companies.

The state government said that 145 proposals received were from metals, ancillary and downstream sector, 102 from agriculture and food processing, 87 from logistics and infrastructure, 41 from tourism, 37 from Information Technology (IT), 32 from power, renewable and green energy, 28 from paper, wood and forest based industries, 22 from healthcare & pharmaceuticals, 26 from textile, apparels and technical textiles, 14 from agri-business, 10 from aerospace and defence, 10 from waste management, 7 from cement, 5 from start-ups, 2 each from education and glass, 6 from agri marketing, 1 from film and entertainment, 1 from electric vehicle and 12 from multiple other sectors along with 64 proposals from general manufacturing sector.

“The MIO Conclave 2022 witnessed registration from 18,785 delegates, including global leaders, industry captains, exhibitors, and participants from 11 countries which were Japan, Germany, Norway, Nepal, Bangladesh, Australia, Indonesia, Israel, China, Singapore and Thailand,” the official sources said.

Odisha CM Naveen Patnaik, while addressing the valedictory session on Saturday,  said the Make in Odisha Conclave 2022 was a grand success.

“ I am happy to announce that the Conclave has generated investment intents of Rs 10.5 Lakh crore with an employment potential for 10,37,701 people. Let us all work hard to implement these investments on the ground and take Odisha to a new era of industry-led growth,” the CM said.

In the first edition of MIO Conclave in 2016, the state had received Rs 2 lakh crore investment proposals while in the second edition, it had bagged Rs 4.19 lakh crore investment intents.

Here’s breakup of investment received sector wise:

1) Metals, ancillary and downstream sector: Rs 5.50 lakh crore

2) Power, renewable energy & green energy:  Rs 2.38 lakh crore

3) Logistics & infrastructure:  Rs 1.20 lakh crore

4) Chemicals, petrochemicals & plastics: Rs 76K crores

5) Manufacturing sector: Rs 21K crores

6) Tourism: Rs 8K crores

7) IT sector: Rs 8K crores

8) Agriculture & food processing; Rs 7.2k crores

9) Paper goods & forest based products: Rs 5.3kcrores

10) Cement: Rs 5K crores

11) Healthcare & pharmaceuticals: Rs 4K crore

12) Textile & apparel: Rs 2.6k crore

13) Aerospace & defence: Rs 3k crore

14) EV vehicles:  Rs 500 crore

15) Startups:  Rs 280 crores

16) Glass marble & granite: Rs 200 crore

17) Waste management: R 170 crore

18) Agri marketing: Rs 121 crore

19) Agri business:  Rs 94 crore

20) Education: Around Rs 70 crore

21) Film and entertainment: Around Rs 15 crore

22) Other sectors; Some Rs 61 crore