Odisha Gets Rs 2 Lakh Crore Investment Commitments From 74 Companies

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Bhubaneswar (PTI): The Odisha government has received investment commitments worth more than Rs 2 lakh crore from 74 companies in various sectors, including electronics, food processing, metals and minerals.

“Last year, we had signed memorandum of understanding (MoUs) worth Rs 3.6 lakh crore with 124 companies during Make in Odisha Conclave in Bhubaneswar, Odisha Investors’ Meet in Bengaluru, and ‘Make in India’ Week in Mumbai.

“Out of them, we have received 74 firm commitments (eBiz applications received) amounting to Rs 2,02,522.8 crore,” Odisha Principal Secretary, Industries Department, Sanjeev Chopra told PTI here.

Chopra said the amount committed are from various sectors like fertiliser, refinery, petrochemical, chemical and plastics, food processing, healthcare, infrastructure, IT and Electronics System Design & Manufacturing.

Besides, metals and minerals, power and renewable energy, textile and apparel and tourism, are other sectors which have made firm commitments.

According to Chopra, these projects would help generate employment for 1,04,573 people.

Asked about the impact on Odisha as investment destination following exit of Korean steel major Posco, Chopra said, the business “is mainly guided by potential in the state”.

“There has not been any major downturn and companies are finding the potential in Odisha making sense for them,” he added.

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