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Odisha receives good response during Bengaluru investors meet

Thu, 25th Aug 2016 (Source:Times of India)

The state government claimed that it has received tremendous response from the investors during the two-day long Odisha investors meet that started in Bengaluru from Thursday.

Around 42 companies from information technology, IT-enabled services, solar power, foot processing, clothing and apparel industries discussed with the state government to invest in Odisha.

"Major players like IBM, Amazon and semi-conductor associations expressed their interest to invest in Odisha. Some of the startups have also discussed with us to open their units in Odisha. Overall the first-day of the investors meet was fruitful," industries minister Debi Prasad Mishra told reporters after the first-day meeting.

Though there was no official announcement regarding the volume of investment assured on the first day, sources said Navratna PSU Neyveli Lignite Corporation Limited promised for an investment of Rs 25,000 crore within next one year. The company assured for a coal mining processing plant, coal washery and thermal plant in Odisha, official sources said, official sources said.

Another Central PSU Bharat Electronics Limited (BEL) also showed its interest to set up a solar power plant in Balangir district within assured investment of around Rs 2000 crore.

Among others, Poseidon Aquatech Private Limited plans to invest Rs 100 crore to undertake Shrimp farming and processing in Odisha, Colorlines Clothing India Private Limited plans to invest Rs 20 crore in setting up an apparel manufacturing facility in Odisha and Indo-Nissin Foods Private Limited shows intent to invest additional Rs 50 crore.

This apart, HP Future Cities has expressed interest to provide technology support for developing Bhubaneswar as a smart city.

Chief minister would travel to Bengaluru to attend the investors meet on Friday and to discuss the investment potential in Odisha with business leaders from different sectors.

Naveen is also scheduled to unveil the Odisha startup policy that aims to create 1000 startups in a period of five years. The chief minister would also unveil the master plan for the Infovalley-II, the upcoming IT-hub proposed near the city.

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