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Patnaik hopes significant investment in biz conclave

Press Trust of India  |  Bhubaneswar 

Hopeful of attracting significant investment, Chief Minister today inaugurated the state's biggest ever investment summit 'Make in Conclave' here.

"I hope the policy ecosystem and the investment opportunities showcased in the expo would help in attracting significant investments into the state and generating higher employment for the people," Patnaik said after inaugurating the conclave.

"I would particularly like to thank the industry for joining us and reposing their confidence in the state," he said.

Chief Secretary A P Padhi said Patnaik would have one-to -one discussion with the industry captains for five hours on December 1 and 2.

"We are expecting investment of Rs 1 lakh crore through this conclave. The industries which have abilities to generate more employment will get priority," said Industries Minister Dei Prasad Mishra.

The conclave, being jointly organised by the Department of Industrial Policy & Promotion (DIPP), of India, CII and the Government, witnessed participation of more than 100 companies.

A special Defence hangar is also created which showcase India's short to long range missiles - Agni, Prithvi, Brahmos and Akash -- as well as the Sukhoi aircraft engines manufactured in Odisha.

The three-day conclave was scheduled to be visited by Union Finance Minister Arun Jaitley tomorrow.

The inaugural session witnessed a tour of the expo by the chief minister followed up with a spectacular laser show bringing out the true essence of the Conclave.

Drawn from the Government's 'Vision 2025: Odisha Industrial Development Plan', the state's mission through 'Make in Odisha' has been showcasing the state as an ultimate investment destination and diversify its investment opportunities across key focus sectors - Downstream and Ancillary in Metal, Food Processing including Seafood, Chemicals, Petrochemicals and Plastics, Textiles and Apparel, Defence, Electronics, Start-Ups and Tourism.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, December 01 2016. 01:07 IST