For next “Make in Odisha” summit in 2022, Odisha and FICCI ink an MoU

August 5, 2022

A Memorandum of Understanding between the state-run Industrial Promotion and Funding Company of Odisha and the enterprise organisation Federation of Indian Chambers of Commerce and Business (FICCI) designates the latter as a nationwide business companion for the Make in Odisha Conclave 2022. The Odisha authorities’s Principal Secretary for Industries, Hemant Sharma, emphasised that “Make in Odisha” is the state’s most entrepreneurial occasion and attracts buyers, businesspeople, and industrialists alike.

Make in Odisha: KEY POINTS:

Pratap Keshari Deb, the Minister for Industries, MSME, and Energy for the Government of Odisha, stated that the Make in Odisha Conclave will be held for the third time this year.
The inaugural version in 2016 acquired roughly Rs 2 Lakh Crore in funding intent, which was an amazing response.
The Minister added that the state’s progress fee was 10.1%, making it one in every of India’s fastest-growing economies. With a 56% share of the economic gross worth added, the manufacturing sector expanded by 14.3% in 2021–2022 in comparison with the mining business’s 18.1 % progress.
He also drew emphasis to the fact that due to its natural resources and ecosystem advantage, Odisha has grown to be a preferred location for enterprises in the metal and related sectors.

Odisha Government’s Steps:

The Odisha government has made proactive steps to diversify the state’s economic ecosystem, putting particular emphasis on industries like chemicals and petrochemicals, textiles, and apparel.
The Minister added that the state’s progress fee was 10.1%, making it one in every of India’s fastest-growing economies. With a 56% share of the economic gross worth added, the manufacturing sector expanded by 14.3% in 2021–2022 in comparison with the mining business’s 18.1 % progress.
The proactive approach of the state government, led by Chief Minister Naveen Patnaik, the investment potential across industries, and the emphasis on ease of doing business were cited by Arun Chawla, Director General of FICCI, as the state’s main advantages.