Finance
On the second day of the flagship Make-in-Odisha conclave 2022 on Friday, the state government received 180 letters of intent with an investment value of over Rs 1.7 lakh crore.
In the last two days, the state has received 325 proposals worth Rs 8.9 lakh crore. On Thursday, 145 proposals totaling Rs 7.26 lakh crore in investment intent were received. The total investment would employ approximately seven lakh people, including 3.78 lakh from the intents received on Day 2.
During the day, investors were drawn to sectors such as metal, ancillary and metal downstream, power and renewable energy, chemical and plastics, information technology, agriculture and food processing, and agri-business.
Hemant Sharma, Principal Secretary of the Industries Department, stated that the second day of the summit saw a higher number of intents and more employment opportunities with less capital investment than the first day. “For a state like Odisha, such units with low capital investment are critical because these sectors are labor intensive and have a high grounding rate.” We expect more investments in these sectors in the coming days because many potential investors have yet to review the new industrial policy, which provides many perks and incentives,” he said.
Aside from the investment commitments, four groundbreaking ceremonies and the inauguration of four new plants were held. The projects attracted a total investment commitment of Rs 4,423.51 crore, with employment opportunities for 14,270 people.
Source:TNE
