Odisha To Host First Offline Business Conclave Since Covid-19 Outbreak

To accelerate the economy after a drastic hit due to the Covid-19 pandemic, the Odisha government will be organising a business conclave in Bhubaneswar. The objective of this first in-person summit since the Covid outbreak is to attract investors from Japan.

Participants of the meet include Japan’s ambassador to India, Satoshi Suzuki, Union foreign secretary, Harsh Vardhan Shringla, top Japan diplomats, representatives of Japanese companies in India, along with senior officials of the State government, including Chief Secretary Suresh Chandra Mohapatra.

After the summit, the Union foreign secretary is also scheduled to meet Chief Minister Naveen Patnaik. They are looking forward to discussing possibilities of attracting Japanese investments.

Odisha’s conducive atmosphere for the growth of the steel industries is a massive pull for foreign investments. The tentative agenda of the seminar suggests it would start with a brief note on the investment opportunities in the State followed by a presentation on the business ecosystem by the industries secretary.

Representatives from top Japanese companies such as Yoji Taguchi, CMD Mitsubishi Corporation India Pvt Ltd, and Shusuke Suto, MD Mitsubishi Heavy Industries India Pvt Ltd, have confirmed their participation. Yasuyuki Murahashi, chief director-general, Japan External Trade Organization (India) will also be joining virtually. Meanwhile, top executives from companies like Arcelor Mittal Nippon Steel, TRL Krosaki, Indo Nissin, and JSW, who have already invested in Odisha over the years, are also likely to join the seminar.

Odisha already houses several Japanese investors. Japanese food processing giant Indo Nissin has set up its plant in Khurda and is mulling the expansion of its unit. Meanwhile, Japanese steelmaker Nippon Steel has formed a joint venture for investment in the state, with a steel plant in Kendrapada and a riverine jetty at Udayabata in the Jagatsinghpur district.

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