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CM woos UK investors for downstream projects

BS Reporter  |  Kolkata/ Bhubaneswar 

Chief Minister has invited industrialists from UK to invest in metal and industries in the state, even as global investors are shying away from investing in India due to policy inactions.

Odisha is bestowed with large deposits of coal, iron ore, and bauxite along with ample water supply and a considerable large coastline, which has helped in setting up of large industries. The Chief Minister said it is the perfect time for industrialists of UK to invest in downstream and ancillary industries during his recent visit.

Patnaik was on an eight-day trip to London from May 22-30, his first foreign trip after assuming the office of the Chief Minister, to discuss with UK government's Department for International Development (DFID) on different issues including anti-poverty programmes in the state. He was felicitated by the Indo-European Business Forum. Odisha should create a special purpose vehicle to expedite the Public Private Partnership (PPP) projects.

First Published: Sat, June 02 2012. 00:13 IST