Japanese company IHI Corporation will be supporting the project to set up the 1.2 million tonne plant that is expected to require $5 billion of total investment, the ACME Group said
Make In Odisha Conclave has generated investment intent of Rs 10.50 lakh crore with potential for 10.50 lakh direct and indirect employment.
Naveen Patnaik is scheduled to hold discussions with major industrialists from different sectors, including Aditya Birla Group Chairman Kumar Mangalam Birla, Vedanta's Anil Agarwal and Mahindra Group's Anand Mahindra, officials said.
Addressing the second edition of the 'Make in Odisha' conclave here, Japanese Ambassador to India, Kenji Hiramatsu appreciated the interest of Odisha to work with companies from Japan.
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.
"The FICCI will be the partner for the 'Make in Odisha' scheduled to be held in November this year," Odisha Industries Minister Ananta Das said.
TV Narendran says the steel industry as a whole has done well in the last year. The government has helped the industry to deal with anti-dumping duties, but the imposition of minimum import prices has always been a temporary measure.
Besides, SBI Chairman Arundhati Bhattacharya, Larsen & Toubro Chairman A M Naik, ITC COO Sanjiv Puri, JSW Group CMD Sajjan Jindal and Hindustan Coca-cola CEO T Krishankumar will take part in the three-day event.
During the meeting with Jaitley, the Chief Minister said that the new Industrial Policy Resolution 2015 adopted by Odisha is aimed at making Odisha a manufacturing hub of the East and providing an enabling environment to the entrepreneurs to invest and set up businesses in the state.