Unceasing endeavour in making Odisha a top choice for investors now taking shape: CM

Bhubaneswar: Chief Minister Naveen Patnaik inaugurated four key industrial units and laid foundations for 17 projects at the 17th phase of the ground-breaking and inauguration ceremony for new industrial units in Odisha, today.

Cumulative investments for these industries amount to Rs 3,600 crore, which can create employment opportunities for 9,205 persons.

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Speaking on the occasion, the CM said that Odisha now ranks second among the top states in attracting investments. His government's unceasing endeavour in making the State a top choice for investors is now taking shape.

"We have always endeavoured to provide a hassle-free environment and a prompt system for doing business in Odisha based on 5T Initiative. The Make in Odisha Conclave-2022 was an outstanding success as it could potentially generate around 10 lakh jobs in the State," the CM added.

Patnaik congratulated all the companies and people of Odisha on this occasion. He assured continued facilitation support from the State government. He also requested all the investors present to further expand their businesses in Odisha and be the partners in its ‘growth story’.

Principal Secretary of Industries Department Hemant Sharma informed about the units and significance of the projects in his welcome address. IPICOL and IDCO Managing Director Bhupinder Punia proposed the vote of thanks.

JSW MD Partha Jindal, Century Fibre Plates Limited MD Purusottam Malani, Gadre Marine Export Pvt Ltd MD Arjun Gadre, May Fair Hotels Project Head Dillip Agrawal and Ctrl S Datacentres Limited CMD Sridhar Pinnapureddy also spoke on the occasion.

The kind of positivity that they are finding in the administration and industries ecosystem in Odisha is quite vibrant, the company chiefs said. They appreciated Chief Minister Patnaik for making Odisha an attractive investment hub for the industries.

Chief Secretary Pradeep Kumar Jena, Development Commissioner Anu Garg, 5T Secretary to CM VK Pandian and Principal Secretaries of different departments were present.

It may be recalled here that these industries are the results of the Make in Odisha Conclave-2022, where various companies expressed their investment intent in the State. The realisation of these investments was celebrated through four inaugurations and 17 ground-breaking ceremonies, marking the beginning of industrial projects worth a total of Rs 3629.16 crore. These projects are expected to create more than 9,200 employment opportunities for the people of Odisha.

The State government is working hard towards converting these investment intents into grounded projects. According to a recent survey conducted by CMIE Capex database and CII Research, Odisha has secured the second position among the leading states in India in terms of attracting significant ongoing investments during the fiscal year 2022-23.

Series of inauguration and ground-breaking ceremonies held today are a testament to this achievement. The ground-breaking and inauguration ceremony was held for projects spread across diverse sectors like Cement, Food Processing, Agro Processing, Plastics, Power & Renewable Energy, IT & ESDM, Steel Downstream, Textile & Apparel and Tourism. The projects are mainly spread across different districts in the State like Angul, Balasore, Cuttack, Dhenkanal, Khordha, Puri, Jharsuguda, Sambalpur, Subarnapur and Sundargarh.

Inauguration of Shiva Cement entailing an investment of INR 1,523.24 crore was done which will generate about 600 employment opportunities in the state. The company has increased their clinker capacity by 1.32 MTPA and Cement capacity by 1.05 MTPA.

During the event, a food processing unit of Gadre Marine Export Pvt. Ltd. was also inaugurated, marking an investment of Rs 68.11 crore. This state-of-the-art facility is expected to generate an employment opportunity for approximately 405 people in the State. Gadre Marine Export Pvt Ltd is the world's third-largest manufacturer of Surimi, a type of value-added fish-paste based product. The company primarily exports Surimi and related products to countries such as Japan, Taiwan, Korea, Thailand and other nations in South Asia.

The ground-breaking ceremony for CtrlS Datacenters Ltd was also held, entailing an investment of Rs 152.25 crore generating an employment opportunity for 110 people in the state. CtrlS Datacenters Ltd. has planned the establishment of a data center facility that offers co-location managed cloud hosting services. Additionally, ground-breaking for Centuary Fibre Plates Pvt Ltd – Unit-IV and Mayfair Hotels & Resorts Ltd was also held. These projects entail investments of Rs 103.5 crore and are projected to generate employment opportunities for approximately 360 people in the State.

Project units of HIL Limited and Rarean Fluid-Tech Pvt Ltd were inaugurated in Balasore and Khordha, respectively. HIL Limited will be manufacturing AAC blocks and Cement sandwich panels, entailing an investment of Rs 63.24 crore generating an employment opportunity for about 265 people. Rarean Fluid-Tech Pvt. Ltd. will be investing Rs 49.50 crore in the State providing employment opportunity to about 97 people in the State.

The ground-breaking ceremony for Luminous Power Technologies Pvt Ltd was held at Angul entailing an investment of Rs 481.96 crore generating an employment potential for 1,156 people in the State. It is a trustworthy brand and market leader in power backup and residential solar space. They plan to manufacture fuel cells, ACC, power storages and solar batteries.

The ground-breaking ceremony of two textile and apparel units was also held, namely SAPL Industries Pvt Ltd and Cotton World (Unit-2), both at Kurukhi, Puri expected to generate employment to around 4,200 persons, with project cost of about Rs 100 crore.

Alongside these projects, ground-breaking ceremonies for Bio Agro Energy Pvt Ltd, Indalc Spirits Pvt Ltd, Ratnamani Metals and Tubes Ltd, IFB Agro Industries Ltd, Rourkela Sponge LLP, CMR Aluminium Pvt Ltd, Prabhukrupa Estates & Properties, Mangalam Tank Pipe & Sanitary, Niyo Polymers Pvt Ltd, Renewable Envirogic Pvt Ltd and Shyam Beverages were also held in different districts.

The project details for which the inauguration and ground-breaking were done are as follows:

Projects for 17thGround-Breaking:

Odisha government has always encouraged and welcomed industrialists to invest in the State. Its industry-friendly policies have positioned the State to be a highly alternative destination for investors who have been awaiting opportunities to step into Eastern India or expand their footprints in the region.