Patnaik to meet industry captains in Mumbai on August 8

Odisha Chief Minister Naveen Patnaik is scheduled to meet captains of industries on August 8, when he leads a business delegation to Mumbai, officials said today.

"The CM will hold one-to-one meetings with many industry captains during his visit to Mumbai on August 8," a senior official at the Odisha Industries Department said.

Patnaik and the delegation have been visiting the country's financial capital to conduct a roadshow in the run up to the Make in Odisha Conclave 2018.

The state government will organise the conclave here from November 11 to 14. The event in Mumbai will be organised in association with its industry partner Federation of Indian Chambers of Commerce and Industry (FICCI), the official said.

Stating that the focus of the roadshow will be on showcasing the investment potential and business opportunities in the state, he said the meetings with investors will highlight the strategic advantages of Odisha such as "low cost of doing business, incentives for investors, dedicated sector-specific clusters and over 1,25,000 acres of land bank".

Later, while presiding over a high-level preparatory meeting for the conclave, Patnaik asked 'Team Odisha' to highlight the competitive advantage of the state to the global investors' community.

Team Odisha is a group formed by the state government for investment promotion.

Stating that Odisha is becoming one of the preferred investment destinations in the country, the CM said thrust is to bring more diversified industries to provide higher employment opportunities to people.

The Odisha government has also developed industrial infrastructure at National Investment Manufacturing Zone (NIMZ), Kalingnagar, food processing park at Khurda and Chhatabar, textile and apparel parks at Ramdaspur and Dhamnagar, an aluminium park at Angul and a plastics park at Paradip, the official said.

The roadshow is expected to witness encouraging response with over 300 leading companies confirming their participation so far.

"We are pleased to receive an encouraging response from the business community of Mumbai. Odisha's investor- friendly policies and the development of world-class infrastructure have received very positive feedback from investors across the country," Industries Secretary Sanjeev Chopra said.

Chopra said the state has registered a significant rise in attracting manufacturing projects, with more than 118 large projects approved, having an employment potential of 1,28,572, in the past 4 years.

"The average time taken for approval of the projects is also reduced to 20 days from the date of receipt of completed application. We are positive about attracting significant investments from Mumbai-based companies in the near future," he added.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)