Bhubaneswar Buzz

Odisha Cabinet Clears 8 policies in run up to biggest investment conclave : Make In Odisha

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The state Cabinet today cleared eight sector specific policies that it hopes will help reap dividends at the gala Make in Odisha programme later this month.

From November 30 to December 2 Odisha, which banked on its rich mineral deposits for investment in the past decade, will woo other investors – such as apparel makers, tourism and pharma – that employ more people per crore invested.

Kumar Mangalam Birla, Gautam Adani, L&T’s AM Naik, SBI Chairman Arundhati Bhattacharya and Videocon’s Venugopal Dhoot are expected to attend the conclave, as will Finance Minister Arun Jaitley. ScanDisk CEO Sanjay Mehrotra will also be in visiting.

Chopra cited the Rs 65 – 70 crore investment proposal from Adita Birla Fashion that Kumar Mangalam and Patnaik are expected to announce on December 1, which was cleared in three days.

The three days will also see the formal announcement of the first private industrial park in the state being set up by Gitanjali GemsBSE 2.41 % at Ramdaspur near Cuttack and the inauguration of Shahi Exports’ textile unit in the state.

Odisha will also sell its identified investment regions including the Kalinganagar National Investment and Manufacturing Zone which produces nearly 15mt of steel.

A Petroleum, Chemicals, Petrochemical Investment Region at Paradip will have IOCL’s refinery as anchor industry.

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