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Bhubaneswar, August 26: The state government received investment proposals to the tune of `90,500 crore during the two-day Invest Orissa meet in Bangalore that concluded Friday.
Chief Minister Naveen Patnaik, who attended the event organised in collaboration with Karnataka government and CII, also unveiled the new ‘Orissa Startup Policy – 2016’ that envisages the state to be amongst the top three start-up hubs in India by 2020. “We are overwhelmed by the response that we have received during the meet,” Patnaik said. “During the two days, we have received a total investment proposal of ` 90,490 crore with an employment potential of more than 70,000,” he added.
Patnaik said during the meet the state delegation met 66 top companies from IT, electronics, telecom, aviation, health, handloom and textile, food and beverage sectors. He personally met heads of 24 companies.
On the first day itself, the government received an investment proposal worth `25,500 crore from Neyveli Lignite Corporation (NLC) in solar power, thermal power and coal sector.
JSW Steel, too, stated that it is keen to invest `50,000 crore to set up a 10 MT capacity steel plant. The company also plans to set up a slurry pipeline at an initial investment of `1200-1500 crore.
The investment meet is part of government’s plan to attract investments worth `1.73 lakh crore by next year.
The new start-up policy was also announced during the event. “The policy lays down the initiates and creativities that we plan to undertake to develop a world class start-up hub in Orissa and an ecosystem to facilitate at least 1,000 start-ups in next five year,” he said.
The master plan for Bhubaneswar Infovalley – a place of world class IT and ESDM manufacturing facility – was also unveiled.
The Chief Minister also announced that the government will be organising ‘Make in Orissa’ conclave as part of ‘Make in India’ on December 1 and 2.
This is the second meet the government has organised outside Orissa. In February, the ‘Invest Orissa’ meet as part of ‘Make In India’ week at Mumbai had managed to attract investment proposals worth `70,000 crore.