Finance
During the Odisha Investors’ Meet held in Dubai on Wednesday, the Odisha government received investment intents worth more than Rs 21,000 crore, with the potential for 19,000 jobs in various sectors, officials said.
The meeting, co-organized by FICCI and the Indian Embassy in the UAE, was presided over by Chief Minister Naveen Patnaik. The meeting was attended by a delegation of senior Odisha government officials.
The state has received investment proposals in areas such as infrastructure, hospitality, logistics, chemicals, food processing, and so on.
The Chief Minister met with a few UAE-based industry leaders and invited them to visit Odisha, assuring all companies of unparalleled facilitation and support.
“Glad to meet PNC Menon, Chairman of @SobhaLtd at #OdishaInvestorsMeet in Dubai. Sobha Realty has expressed intent to invest Rs 5,000 crore in metals, metallurgy and hospitality sector in Odisha. Assured all support for faster grounding of projects,” Patnaik said in a tweet.
He also met with Ibrahim Sharaf of the Sharaf Group in Dubai and welcomed his proposal to invest in the logistics sector in Odisha.
The Chief Minister also met with KG Abraham, Partner and MD of Kuwait’s NBTC Group. The company has proposed investing Rs 5,000 crore in the state to build a urea plant. Patnaik assured him that he would facilitate and support him with industry-ready infrastructure and skilled labor.
In another tweet, Patnaik said: “It is a pleasure meeting Dr. Yousif Al Hammadi, MD of Tabreed Group at #OdishaInvestorsMeet in Dubai. Glad to share that the group expressed intent to invest Rs 1,000 Cr in an ICT Campus in Bhubaneswar. Assured all support for the speedier ground of the project.”
Patnaik announced the third edition of the Make In Odisha Conclave, 2022, which will be held in Bhubaneswar from November 30 to December 4, 2022.
DP World and Hindustan Ports Pvt Ltd expressed their intention to launch port, SEZ, and ICD projects in Odisha with an investment of Rs 8,000 crore during the meeting in Dubai.
Similarly, Dubai-based Sobha Realty has agreed to invest Rs 5,000 crore in the state, according to a tweet from the Chief Minister’s Office (CMO).
Kuwait-based NBTC has expressed interest in establishing an ammonia urea plant with a Rs 5,000 crore investment, while Twenty14 Holdings, an Abu Dhabi-based hospitality company, has agreed to establish a 5 star hotel and wellness center in Odisha with a Rs 5,00 crore investment.
Lulu International Shopping Malls Pvt. Ltd. has proposed investing Rs 1,500 crore in Odisha to build shopping malls, hypermarkets, agri-sourcing centers, and a logistics hub. It will employ 5,000 people directly and 10,000 indirectly, according to the company.
Furthermore, Abu Dhabi-based Tabreed has expressed intent to invest Rs 1,000 crore to establish an ICT campus in Bhubaneswar, while Sharaf Group and Hind Terminals Pvt. Ltd. have expressed intent to invest Rs 750 crore to establish a logistics park in Odisha, according to the CMO.
Furthermore, Arab India Spices LLC has agreed to establish a pulse splitting unit in Odisha for a Rs 50 crore investment, which will provide direct employment to 300 people and indirect employment to 500 people.
Source:From the Web
