PwC organises investor roadshow for metal and downstream industry in Odisha
Managing Partner, PwC Bhubaneswar Amulya Patnaik, lauded the initiatives of the Government of Odisha for creating conducive environment and favourable eco system for metals and downstream sector in the state.
Bhubaneswar: In a bid to highlight the importance of metals and downstream sector in Odisha, PwC recently organised an investor roadshow in Bhubaneswar. The event, which was held in the State Capital on April 28, involved the government and key stakeholders.
While Odisha Steel and Mines Minister Prafulla Kumar Mallik graced the occasion as the Chief Guest and addressed the captains of metals and downstream industry in the country, Sambitosh Mohapatra, Partner, PwC delivered the welcome address and highlighted the importance of the metals and downstream sector in the state.
“Odisha is endowed with vast resources of a variety of minerals and occupies a prominent place in the country as
a mineral rich State. As it has emerged as the most favourable destination of the country, now the government’s efforts is to lay emphasis on creation of employment opportunities in the State,” Mallik said while lauding the initiatives of PwC in organizing the symposium involving the stakeholders in metals, mining and downstream sector. He further added that Odisha’s vision is to develop a robust downstream ecosystem that will enable the processing of raw materials into finished products within the State.
The development of downstream industries will not only create jobs but also generate revenue for the state which can be utilized for socio-economic prosperity. The State government has set ambitions targets of attracting investments worth lakh of crores and generating lakhs of employment opportunities by implementing several policies to encourage the establishment of downstream industries and has also seen significant growth in this sector, he stated.
Principal Secretary, Electronics and IT, Government of Odisha Manoj Mishra graced the occasion as Guest of Honor and spoke on Industry 4.0 and harnessing technology for growth of mines and metals sector in the State. He highlighted importance of the significant transformations of technological innovation and their adaption in industries and also role of Information technology in enhancing productivity and efficiencies in the entire value chain.
PwC also organized two panel panel discussion on the importance of metals & downstream
industry and how it can help Odisha towards the $1 trillion economy. Yogesh Daruka, Partner and Leader, Metals & Mining, PwC presented a optistimistic picture on the possibilities in the sector due to several initiatives of the State government. Captains of the industry who have committed significant investment in the state during the 3rd edition of Make in Odisha participated in the panel discussions. Shashi Sekhar Mohanty,MD & CEO, Essar MinMet, Pankaj Satija, MD Tata Steel Mining, Prabodh Mohanty, MD, SNM Group, Sujogya Dash,
CEO, Eramet, Shailender Kumar Sinha , Director, OMECL, G Suresha, Executive Director,Odisha Assets, AM/NS India, Tapan Kumar Chand, President, Vedanta Ltd ,Priya Ranjan Prasad, Managing Director, BRPL, A K Singh, Business Head, Phase 1 & Chief Metallurgist, Jindal Stainless Ltd and Bibhu Mishra, Adviser, Hindalco Industries put forth their views on recently announced pro-industry Industrial Policy of the State and opportunities in the metals, mining and downstream industries here.
PwC leaders also gave detailed presentation on the importance on digital technologies, ESG, Risk, Tax and Infrastructure. They highlighted the various policy measures and incentives
provided by the state government which make the state an attractive investment destination.
The session was highly interactive and participants found it extremely beneficial.
Managing Partner, PwC Bhubaneswar Amulya Patnaik, lauded the initiatives of the Government of Odisha for creating conducive environment and favourable eco system for metals and downstream sector in the state. PwC has deepened its engagement in the state for the investment promotion and various initiatives of the government.
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