At Odisha Investors’ Meet, CM Patnaik Offers Business Opportunities To Foreign Investors

| Updated: 30 June, 2022 2:05 am IST
Odisha CM Naveen Patnaik met Dr Yousif Al Hammadi, MD of Tabreed Group at the Odisha Investors Meet in Dubai. The group expressed intent to invest Rs1,000 Cr in an ICT Campus in Bhubaneswar

NEW DELHI: Odisha’s Chief Minister Naveen Patnaik addressed the Odisha Investors’ Meet held in Dubai on Wednesday. The meet was aimed at showcasing the tremendous investment opportunities available in the state and attracting foreign investors.

The Investors Meet was jointly organized with FICCI and the Embassy of India in UAE. The meet was attended by more than 150 companies based out of the UAE and the MENA region.
Leading industry associations from the region including Indian Business and Professional Council (IBPC) also participated in the event.

“The Odisha Investors’ Meet was a platform for presenting the vast array of opportunities Odisha offers to businesses in the UAE and the MENA region. It has generated a huge interest among the business community as it is the first time that a state like Odisha which has received significant domestic investments has also reached out to UAE to attract FDI,” it stated.

Patnaik said that Odisha has secured investments to the tune of USD 50 billion over the last two years and is attracting foreign direct investment in sectors such as metals, chemicals, petrochemicals, textiles, food processing, logistics and clean energy.

Highlighting the vast mineral reserves of the state, the CM said that Odisha currently holds the largest share of the country’s mineral reserves which includes 96 per cent of the chromite reserves of India. The state also has 11 per cent of India’s water resources and top 11 out of 100 industrial training institutes in India.

A state government said that investment intentions worth more than Rs 21,000 crores and employment potential of more than 19,000 were received by the state across sectors such as infrastructure, hospitality, logistics, chemicals and food processing.

Meanwhile, CM Patnaik announced that the state would also be conducting the third edition of its flagship global investors meet, ‘Make in Odisha’ from November 30 to December 4. The meeting would highlight the significance of sectors including Metals and Metal downstream, Chemicals and Petrochemicals, Textiles and Apparel including Technical Textiles, Food processing including Seafood processing, ESDM, Logistics and Clean Energy etc. Patnaik also extended the invitation to the entrepreneurs present during the meeting.

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