Taking a cue from Gujarat that has recently hosted 'Vibrant Gujarat' meet to pull investors across sectors, the Odisha government is mulling to organise Global Investors meet on a grand scale.
The meet likely to be held in the middle of 2013, is aimed at luring investors in non-metallurgical sectors.
The proposed meet envisages designing the investment promotion strategy and action plan for Odisha. It has been proposed to organise sectoral, domestic and international road shows in perspective countries and states before the meet. The meet also will have follow up action plans like investment facilitation with various departments and monitoring progress of memorandum of understanding (MoU).
Preliminary discussions were held on Wednesday under the chairmanship of chief secretary BK Patnaik.
Patnaik has suggested making the meet sector specific and result oriented to the ground level implementation. He has also called for prioritising those non-mineral sectors in which the state has enough potential, manpower and raw material.
The state is keen to have investments in sectors IT & IT enabled services horticulture, food processing & non-timber forest produce, handloom-handicraft & tourism, chemicals & petro-chemicals, auto & auto-ancillaries. The key objective of the meet would be to organise investors' outreach programme to help connect with local, national and international investors, industry associations, partner countries and partner states.
The chief secretary has asked Industrial Promotion & Investment Corporation of Odisha Ltd (Ipicol) to prepare the detailed plan for the proposed meet and submit it the same to the government.
According to a study by industry body Associated Chambers of Commerce and Industry of India (Assocham), Odisha attracted the most number of investment proposals in 2011-12.
The state pulled 17 FDI proposals in last fiscal totaling to Rs 49,527 crore, garnering the lion's share of 27.82% of the overall FDI proposals of Rs 1.78 lakh crore received by all states.