Make in Odisha

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Make in Odisha
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Website mio.investodisha.gov.in

Utkal Invest Summit formerly known as Make in Odisha is an initiative launched by the Government of Odisha for industrial growth in the State. [1] The major investors in the state are NTPC, MCL, SAIL, Tata Steel, TCS, Adani, JSPL, PPL, IOCL and many more. [2] Over 80 companies investing and The state has received investment worth Rs 2,03,270 crore (30 B USD). Major investment sector are IT, fertiliser, petro chemicals, food processing, health, infrastructure, ESDM, metal and minerals, manufacturing, textiles and tourism. The Make in Odisha conclave happens bi-annually. There are two Make in Odisha conclaves completed with crores of investment proposals and the fifth edition might be held between late November to early December 2024 in new name as Utkal Invest Summit. [3]

Contents

Make in Odisha conclave 2016

The first Make in Odisha conclave [4] was organised by Government of Odisha, Department of Industrial Policy & Promotion (DIPP) and Government of India and Confederation of Indian Industry (CII) between 30 November 2016 to 2 December 2016 in Bhubaneswar, Odisha . The key objective of the conclave is to showcase the manufacturing prowess of the state and the investment opportunities across the focus sectors. Which are: [5] [6]

In the conclave the Odisha Governments has received 28 proposals of 18,434 crores investment with a capacity of 27,565 jobs generation. [7] The first edition got 124 investment intents or proposals worth more than Rs 2 lakh crore, and employment opportunities for over one lakh people. [8]

Make in Odisha conclave 2018

The second edition of Make in Odisha was held from 11 November 2018 to 15 November 2018 in Bhubaneswar, Odisha. [9] Six countries, Japan, China, Italy, Germany, Saudi Arabia and South Korea along with industrialist from India had attended this conclave. [10]

The top two investment proposals were received from Haldia Petrochemicals (Rs 70,000 crore), in the fertilizer, refinery, petrochemical, chemical and plastics department and with potential employment of 31,000. [11]

Jindal Steel and Power are going to take their 6 million tonne steel plant to a 20 million tonne steel plant and their investment from Rs 45,000 crores to Rs 100,000 crores, from employing 50,000 people to employing 100,000 people, [12]

In the conclave, Mukesh Ambani has announced that, Reliance Industries will invest 3000 crores ($410 million approx..) in Odisha over the next three years. [13] Tata Sons Group chairman, Natarajan Chandrasekaran also assured Rs 25,000 ($3.45 billion approx.) crore investment. Birla Group chairman Kumar Mangalam Birla, announced an investment of 2 billion dollars. [14] [15]

This conclave has now witnessed investment proposals worth Rs 4.19 lakh crore for projects across 15 sectors that can create around 5.91 lakh potential jobs. [11]

Make in Odisha conclave 2020

Make in Odisha 2020 could not be held due to the pandemic. The Make in Odisha Conclave 2022 will be held this year. It is not the delayed MIO 2020 that's going to be held in 2022.The third edition were to be held between 30 November to 4 December 2020.

Make in Odisha Conclave 2022

The fourth edition of the Conclave, The Make in Odisha Conclave 2022, convened from November 30 to December 4, served as a seminal event aimed at catalyzing innovation and fortifying the startup ecosystem within the state. This quintessential five-day gathering was strategically orchestrated to allure investments and spawn opportunities across multifarious sectors, with a particular emphasis on nurturing startups and propelling their ascension.

At the core of the conclave's objectives lay its role as a fulcrum for economic advancement and entrepreneurial fervor in Odisha. By convening entrepreneurs, investors, policymakers, and industry mavens, the event provided a vibrant crucible for dialogue, collaboration, and erudition. Key themes such as the 'Startups' Paradigm Shift and the Road Ahead' underscored the evolving dynamics of the startup milieu and probed strategies to capitalize on nascent opportunities.

A highlight of the conclave was the participation of eighteen esteemed startups from Odisha, who showcased their innovations and products to a diverse audience. This spotlight not only illuminated the state's entrepreneurial acumen but also positioned Odisha as an alluring enclave for startup investment and cultivation.

Throughout the conclave, attendees engaged in panel discussions, keynote addresses, and interactive sessions aimed at elucidating the challenges and opportunities confronting startups in Odisha. Expert insights and exemplars of success inspired nascent entrepreneurs to innovate, collaborate, and forge ahead with their entrepreneurial pursuits.

The event also addressed overarching issues such as infrastructure augmentation, policy reformations, and sector-specific prospects, underscoring Odisha's strategic imperatives for economic expansion and investment promotion.

By fostering a milieu of ingenuity and entrepreneurialism, the Make in Odisha Conclave 2022 sought to embolden the state's youth to probe their ideas, cultivate indispensable business acumen, and contribute substantively to the burgeoning startup ecosystem in Odisha. It stood as a seminal juncture for prospective partnerships, alliances, and initiatives that will continue to propel sustainable economic growth and engender opportunities for all stakeholders in Odisha.

In summation, the Make in Odisha Conclave 2022 was pivotal in illuminating Odisha's potential as an emergent epicenter for startups and innovation. By leveraging its strengths and strategic initiatives, the state is poised to build upon the momentum engendered by the conclave and emerge as a preeminent destination for entrepreneurship, investment, and economic dynamism in the years to come.

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References

  1. ↑ text. "Invest Odisha".
  2. ↑ "Make in Odisha receives Rs 2 lakh crore investment intent - Firstpost". 2 December 2016.
  3. ↑ www.ETEnergyworld.com. "Make in Odisha: Rs 4.1 lakh crore investment proposals received - ET EnergyWorld". ETEnergyworld.com. Retrieved 19 November 2018.
  4. ↑ "Maiden Make-In-Odisha conclave attracts investment of Rs 2.03 lakh crore". The New Indian Express. Retrieved 11 November 2018.
  5. ↑ "Make in Odisha Conclave - Make In India". www.makeinindia.com. Retrieved 11 November 2018.
  6. ↑ "Make In Odisha Conclave Brochure".
  7. ↑ IANS (23 February 2017). "Odisha receives 28 project proposals after Make in Odisha conclave". Business Standard India. Retrieved 11 November 2018.
  8. ↑ "Make in Odisha Conclave 2018: Ambani, Tata, Birla, others commit investments over Rs 1.38 lakh cr on first day - Firstpost". www.firstpost.com. Retrieved 19 November 2018.
  9. ↑ "Make In Odisha Conclave 2018". mio.investodisha.gov.in. Archived from the original on 11 November 2018. Retrieved 11 November 2018.
  10. ↑ "Six countries to attend Make in Odisha 2018, Mukesh Ambani to be star speaker". The New Indian Express. Retrieved 11 November 2018.
  11. 1 2 "Make in Odisha 2018: Rs 4.1 lakh crore investment goals achieved" . Retrieved 19 November 2018.
  12. ↑ "Make in Odisha: Tata, Jindal Steel commit nearly Rs 1 lakh crore each; RIL to pump in additional Rs 3,000 crore". The Indian Express. 13 November 2018. Retrieved 19 November 2018.
  13. ↑ "RIL commits Rs 3,000 crore of fresh investments at 'Make in Odisha' conclave". The Economic Times. 12 November 2018. Retrieved 13 November 2018.
  14. ↑ "Make In Odisha: Ambani assures Rs 3000 Cr investment; Tata Sons Rs 25000 Cr | OTV". odishatv.in. Retrieved 14 November 2018.
  15. ↑ Bureau, Odisha Sun Times. "Make in Odisha: Hindalco to invest Rs 6,000 cr to set up downstream facilities | OdishaSunTimes.com". odishasuntimes.com. Archived from the original on 14 November 2018. Retrieved 14 November 2018.{{cite web}}: |last= has generic name (help)CS1 maint: unfit URL (link)
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