With ‘Utkarsh Odisha’ summit, state seeks to attract foreign investment and look beyond mining sector

“Ever since our authorities has assumed power, we person already approved investments worthy Rs 2.75 lakh crore successful assorted sectors and expect to gully further concern intents of astir Rs 5 lakh crore during the two-day investors’ meet. Unlike our predecessor, we are focussing connected creating infrastructure and favourable conditions for industries earlier approving a project,” said the state’s Industries Minister Sampad Swain.

Though the erstwhile BJD authorities had initiated the investors’ conscionable arsenic the Make successful Odisha conclave, the BJP authorities has renamed it Utkarsh Odisha conclave.

While Odisha has traditionally been a go-to determination for investors successful the mining and metallic assemblage fixed its affluent mineral resources, the caller authorities has sought to displacement its absorption to different sectors. These see greenish hydrogen and greenish ammonia, petrochemicals, tourism, pharmaceuticals and biotechnology, apparel and textiles, and IT and IT-enabled services.

“We privation to diversify the investments arsenic mining and metallic sectors hardly make employment opportunities. The sectors connected which we are focussing are employment-intensive sectors that volition assistance make largescale jobs for our youths,” said an industries section official.

Officials said that done the conclave, the authorities wants to item its concern ecosystem, including investor-centric policies, proactive statutory clearances; and infrastructure, similar all-weather ports, roadworthy networks and concern parks; arsenic good arsenic strategical entree to cardinal home and planetary markets.

“We volition contiguous Odisha arsenic the eastbound gateway for the Association of Southeast Asian Nations (ASEAN) countries,” said the official.

As portion of its countries-of-focus inaugural to research the avenues of commercialized and commerce connected the planetary market, the authorities is expecting diplomats and representatives from Singapore, Malaysia, Australia, Japan, Belarus, Vietnam, the United Kingdom, Italy, South Africa and Egypt.

The Industries Minister said the authorities authorities would motion astatine slightest 100 MoUs with assorted concern houses during the two-day conclave.

A peculiar league has been planned to supply a level to the state’s budding entrepreneurs to stock their ideas and innovations with investors, officials said. The BJP authorities said the conclave would besides propulsion airy connected however its SUBHADRA strategy enables caller women entrepreneurship successful villages.

SUBHADRA, the flagship strategy of the BJP government, assures Rs 10,000 to implicit 1 crore women for 5 years.