Patnaik says Japan will partner for 'Make in Odisha Conclave'

Chief Minister Naveen Patnaik today said that Japan will be the 'country partner' for the 'Make in Odisha Conclave' in November.

Chief Minister Naveen Patnaik today said that Japan will be the 'country partner' for the 'Make in Odisha Conclave' in November.

"We are pleased to have Japan as the country partner of the event. The partnership will provide a new impetus to the relations between Odisha and Japan, and open up varied sectors for collaboration," Patnaik said here.

A state delegation will also visit Tokyo later this month to pitch for investment opportunities in Odisha across six focus sectors like food processing and seafood, chemicals, plastics and petrochemicals, ancillary and downstream industries in the metal sector and electronic manufacturing.

"Japan will be the country partner for Make in Odisha Conclave 2018, as we would like a deeper engagement with Japan in diverse sectors such as industry, tourism, culture, sports, and heritage. Japanese investors such as Nissin and Krosaki have been operating in Odisha successfully for many years now.

"We have also identified 600 acres of land near Bhubaneswar which can be developed as a multi-product dedicated industrial park for Japanese companies," said Industries Secretary Sanjeev Chopra.

The state government has also partnered with the Federation of Indian Chambers of Commerce and Industry (FICCI) for the second edition of the Conclave, scheduled to be held in Bhubaneswar from November 11 to 15.

The first edition of the event in 2016 was an "overwhelming success" with the announcement of "more than Rs 2 lakh crore" of investment intent, Patnaik said.

"Odisha has demonstrated its commitment to deliver projects on the ground, which is reflected in the fact that out of these investment intents, close to 65 percent projects are in various stages of approval and implementation," he said.

State Bank of India (SBI) has agreed to be the banking partner for the Conclave, official sources said.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)