The “Make in Odisha” conclave, a premier event spotlighting Odisha’s industrial capabilities and potential, is set for a significant transformation. With a new name and a broader vision, the government aims to elevate its appeal and reach, marking a pivotal moment for the state’s economic future.
Origins of Make in Odisha: Catalyzing Industrial Growth
Launched by the Government of Odisha, the “Make in Odisha” initiative seeks to drive industrial development across the state. It has successfully attracted significant interest from major players such as NTPC, MCL, SAIL, and Tata Steel. Key investment sectors include IT, petrochemicals, food processing, textiles, and health. Held biennially, the conclave has already completed two editions, each drawing substantial investment proposals and commitments. The third edition was scheduled from November 30 to December 4, 2020.
First Conclave: Setting a Strong Foundation
The inaugural “Make in Odisha” conclave, held from November 30 to December 2, 2016, in Bhubaneswar, was a collaborative effort between the Government of Odisha, the Department of Industrial Policy & Promotion (DIPP), and the Confederation of Indian Industry (CII). The primary objective was to showcase the state’s manufacturing prowess and highlight investment opportunities across various sectors. The event set the stage for future editions, establishing Odisha as a promising investment destination.
Rebranding to Utkala Investors’ Summit: A Strategic Move
The conclave is now poised for rebranding as the Utkala Investors’ Summit. This strategic shift aims to align the event with a broader vision of attracting diverse investments and fostering industrial growth. Speaking after the third council meeting of CII, Industries Minister Sampad Chandra Swain emphasized the state’s ambitious target of securing ₹2.5 lakh crore in domestic investments at the upcoming summit. Additionally, discussions are underway to attract USD 2 million in foreign direct investment and support the burgeoning start-up ecosystem in the state.
Development Plans: Focus on Industrial Corridors
Minister Swain outlined significant development plans, including the enhancement of the Rourkela-Sambalpur-Dhamra-Paradip-Balasore industrial corridor by 2027. Odisha, blessed with abundant natural resources and a vast coastline, offers immense potential for industrial growth. The government, in collaboration with CII, is committed to leveraging these advantages to propel the state’s industrial sector forward.
Fourth Edition Highlights: Record-Breaking Investments
The fourth edition of the conclave, held from November 30 to December 4, 2022, was a resounding success. It attracted investment proposals worth ₹10.5 lakh crore, promising over one million employment opportunities across various sectors from 741 companies. The event also saw the launch of the Industrial Policy Resolutions 2022, which aims to position Odisha as a preferred destination for industrial enterprises both nationally and globally.
Future Prospects: Aiming for Global Leadership
The former Chief Minister, Naveen Patnaik, highlighted Odisha’s achievements in attracting significant investments in steel and aluminium. With these sectors set to become global hubs by the end of the decade, the state is on a trajectory to establish itself as a key player in the global industrial landscape. The rebranding to Utkala Investors’ Summit signals a commitment to sustaining this momentum and expanding the state’s industrial horizons.
A New Chapter in Odisha’s Industrial Growth
The transition from “Make in Odisha” to the Utkala Investors’ Summit marks a crucial step in Odisha’s journey towards industrial excellence. With a renewed focus on attracting substantial investments, fostering innovation, and developing key industrial corridors, Odisha is set to emerge as a major industrial powerhouse. This rebranding not only reflects a strategic vision but also underscores the state’s determination to build a robust and dynamic industrial economy that can compete on the global stage.
Commitment to Sustainable Growth
As Odisha gears up for the Utkala Investors’ Summit, the state’s leadership is focused on ensuring sustainable industrial growth. By harnessing its natural resources, promoting innovative industries, and attracting global investors, Odisha aims to create a vibrant industrial ecosystem that supports economic prosperity and development for years to come.
(With inputs from agencies)
