Odisha receives investment intent worth Rs 26K cr at business meet in Tokyo

The Odisha authorities has obtained investment intents of over Rs 26,000 crore through the Odisha Business Meet, 2023 held in Tokyo on Wednesday.

The authorities of Odisha in affiliation with the Indian Embassy in Japan, the Japan External Trade Organisation (JETRO), and the Federation of Indian Chamber of Commerce and Industry (FICCI), hosted the Tokyo meet, which was attended by over 200 delegates, representing varied industries from throughout Japan.

The state has obtained the investment intents in the sectors like logistics, metallic ancillary, metal, metallic downstream, inexperienced hydrogen and inexperienced ammonia, inexperienced power gear manufacturing and IT/ITeS, officers mentioned.

Addressing the traders, Chief Minister Naveen Patnaik, mentioned: “Odisha is without doubt one of the quickest rising economies in India and has persistently grown above the nationwide common in the final decade and a half. We are quick rising as a serious industrial vacation spot in India due to our pure useful resource benefit and strategic location.”

Odisha’s considerable pure assets, expert and productive human assets, progressive insurance policies, and powerful result-oriented governance present a novel ecosystem, he mentioned.

Ease of doing business

Patnaik mentioned: “Odisha is ranked among the many high states in India in phrases of attracting investments and has been accorded the achievers standing in the not too long ago launched ease of doing business scores by the Centre.”

He additionally highlighted how the state is turning into the fulcrum of commerce and commerce in the Bay of Bengal area and the measures undertaken by his authorities to assist industries trying to cater to the untapped markets in jap and northeast India in addition to markets in ASEAN and East Asia area.

Speaking about industrialisation in this period of technological improvements, the CM mentioned: “As we enter a brand new period of industrialisation propelled by developments in expertise and a philosophy of sustainability, we require a collaborative effort between the governments, industries and folks to make sure constant development.”

The Chief Minister mentioned Odisha, identified for its wealthy tradition and custom, is remodeling into a contemporary industrial hub.

Patnaik mentioned his authorities is targeted on offering the best-in-class facilitation to all traders coming to Odisha.

Invites Japanese traders

“We are additionally deeply dedicated to defending our wealthy cultural historical past. The renovation and restoration of Buddhist Pilgrimage Sites have been a key agenda of my authorities. We are remodeling websites like Dhauli, Udaygiri, Ratnagiri and Lalitgiri,” he added.

The Chief Minister requested all Japanese traders to go to Odisha and expertise the change.

An MoU for collaboration in the ability improvement sector was additionally signed between Nihon-Utkal (NITKAL) and IIIT, Bhubaneswar. The occasion additionally enabled commerce and expertise transfer-discussions between Odisha business delegation and Japanese firms.

Earlier in the day, Patnaik additionally held one-to-one G2B conferences with a dozen of massive traders of Japan.

(With inputs from IANS)