Make In Odisha Conclave off to a flying start with initiation of projects by ITC and Aditya Birla Groups & inauguration of Shahi Exports Garment Unit
ITC
ITC to invest Rs 800 cr on food processing, hotel in Odisha. The integrated consumer goods manufacturing facility is being built on an area of 700,000 sq ft at Khordha district in Odisha. The firm will roll out ITC’s food brands like Aashirvaad, Bingo, Sunfeast, YiPPee! from the unit, a company statement said.
Besides, the group is also setting up a 110 room five star hotel in Bhubaneswar under its WelcomHotel brand, it said. “These investments including a state of the art integrated consumer goods facility and a five star hotel property entail an investment of nearly Rs 800 crore,” ITC said, adding that the facility would be completed in 30 months.
Adani Group
Adani Group will increase its investments in Odisha by about Rs 3,000 crore ($438.87 million) for a total of Rs 15,000 crore, Chairman Gautam Adani said on Thursday, without providing a specific timeline. The increased investment will create 10,000 new jobs in the state, Adani said at investment conference, adding his Group has invested more than 120 billion rupees so far in the state.
Chinese delegation
An eight member Chinese delegation today met Chief Secretary A P Padhi as part of the Make in Odisha Conclave here.
The delegation assured the state government that it would soon return to Odisha with investment proposals, an official statement said.
CM also inaugurated the Garment Manufacturing unit of Shahi Exports in the Capital city.
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