Rs 26k investment intents received at Odisha Investors' Meet 2023

Odisha receives Rs 26k Cr investment intents from Japanese investors

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Odisha receives Rs 26k Cr investment intents from Japanese investors

April 06

23:26 2023

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by indadmin

Investments intents include green hydrogen, green ammonia, green energy equipment manufacturing, IT/ITeS, logistics, metal ancillary, steel, and metal downstream sectors

By A K Sahoo

BHUBANESWAR, APRIL 6: A day after receiving an investment proposal of Rs 1.02 lakh crore from Japan’s Nippon Steel Corporation (NSC), the Odisha government has received Rs 26,000 crore investment intents from the investors of the island country.

The Investments intents have come from sectors like green hydrogen, green ammonia, green energy equipment manufacturing, IT/ITeS, logistics, metal ancillary, steel, and metal downstream, an official spokesperson of the state government informed on Thursday.

The Odisha government led by chief minister Naveen Patnaik is currently on trip Japan to woo the prospective investors.

Addressing the business leaders at Odisha Business Meet Tokyo 2023 on April 5 evening, CM Mr Patnaik said, Odisha is one of the fastest growing economies in India and has consistently grown above the national average in the last decade and a half. We are fast emerging as a major industrial destination in India because of our natural resource advantage and strategic location.”

Stating that the state’s abundant natural resources, skilled and productive human resources, progressive policies and strong result-oriented governance provided a unique ecosystem, the CM said Odisha ranked among the top states in India in terms of attracting investments and has been accorded the achievers status in the recently released ease of doing business ratings by the Government of India.

Mr Patnaik highlighted how Odisha had become the fulcrum of trade and commerce in the Bay of Bengal region.

“The measures the Government of Odisha has undertaken to help industries looking to cater to the untapped markets in Eastern and North-Eastern India as well as markets in the ASEAN and East Asia region. As we enter into a new era of industrialization propelled by advancements in technology and a philosophy of sustainability, we require a collaborative effort between the governments, industries and people to ensure consistent growth,” he added.