IPICOL & FICCI Sign MoU for Upcoming Make in Odisha Conclave 2022 – NBCNEWS

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BHUBANESWAR, India, July 29, 2022 /PRNewswire/ — Industrial Promotion and Investment Corporation of Odisha (IPICOL) and Federation of Indian Chambers of Commerce & Industry (FICCI) signed a MoU making FICCI the National Industry Partner for the brand in Odisha Conclave 2022, which is expected to be held from Nov 30 to Dec 4.

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The MoU signing ceremony was chaired by Sh. Pratap Keshari DebaHonorable Minister of Industry, MSME & Energy, Government of Odisha, Sh. Hemant Sharmachief secretary, industries, Government of Odisha, Sh. Arun ChawlaDirector General, FICCI and senior officers of IPICOL & FICCI.

sh. Hemant Sharma, Chief Secretary, Industries, gave the introductory remarks and underlined the fact that Make in Odisha is the most entrepreneurial event in Odisha, attracting investors, entrepreneurs and industrialists alike. The previous two events have already had a huge impact in making Odisha the preferred investment destination. The trend continues this year and the conclave will reach new heights, bringing more investment and employment to the state.

Speaking about the Conclave of Make in Odisha, Honorable Minister of Industry, MSME & Energy, Government of Odisha, Sh. Pratap Keshari Deba, said: “This will be the third edition of the Make in Odisha Conclave. The first MIO in 2016 witnessed an overwhelming response of more than €2 Lakh Crore’s worth of investment intention. More than 5000 delegates took part in it and there were more than 50 speakers from all over the world, in the second edition it was over €4 lakh Crore of investment intention, the aim of this year’s conclave is to exceed all expectations and, most importantly, put Odisha firmly on the world map.”

The Honorable Minister also stated that “the state has grown by 10.1%, making it one of the fastest growing economies in India. The manufacturing sector with a 56% share in Industrial GSVA grew by 14.3% in 2021-22, while the mining sector with a 21% share realized a growth of 18.1%.”

He also drew attention to the fact that Odisha has become a preferred destination for industries in the metals and related sectors due to the state’s natural resources and ecosystem advantage. The government has proactively taken measures to broaden the industrial ecosystem in the state, focusing on sectors such as chemicals and petrochemicals, textiles and clothing.

Speaking of the natural resources, he said: “Odisha owns 96 percent of the Indias chromite reserves, 92 percent nickel reserves, 53 percent bauxite, 45 percent manganese, 35 percent iron-one and 23 percent coal reserves. This makes Odisha the largest producer of steel, stainless steel, ferroalloys, alumina and aluminum in the world India.”

sh. Arun ChawlaDirector General, FICCI emphasized the visionary leadership of Chief Minister Sh. Naveen Patnaikimmense investment potential in all sectors, proactive approach to the state government officials and focus on ease of doing business as the main strengths of Odisha.

He also said that “FICCI will leverage its sectoral expertise; huge industry connections and experience of successful organization of the event.”

In his closing remarks, Sh. Bhupendra Singh PooniaMD, IPICOL, thanked all dignitaries for honoring the occasion and conveyed IPICOL’s dedication to creating and executing tangible milestones to further this MoU.


Industrial Promotion and Investment Corporation of Odisha (IPICOL) is the single point of contact for all industrial investments in the state. IPICOL is responsible for devising the investment promotion, facilitation and aftercare strategy for Odisha state. IPICOL, as the investment promotion agency of Odisha State, undertakes all activities to promote Odisha as the investment destination of choice.

About FICCI:

As a non-profit, non-governmental organization, FICCI is the voice of Indias business and industry. From influencing policy to encouraging debate, engaging with policymakers and civil society, FICCI articulates the industry’s views and concerns. It serves its members from India’s private and public corporate sectors and multinational companies, drawing its strength from various regional chambers of commerce and industry in various states, reaching more than 2,50,000 companies. FICCI provides a platform for networking and consensus building within and across sectors and is the first point of contact for Indian industry, policy makers and international business.

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