KGMI Services Commits to invest around 10 Crores for New Factory , Foundation laid by Naveen Patnaik
KGMI Services Commits to invest around 10 Crores for New Factory , to create Odisha’s Largest Modular Furniture Factory. On Friday 17th Feb Bhoomi Pujan was performed and Shri Naveen Patnaik Laid the Foundation Stone Virtually. Along with the expansion of manufacturing infrastructure with a New Factory will be generating employment Opportunities for than 120 People.
Odisha Chief Minister Naveen Patnaik on Friday performed ground breaking for 17 industrial projects worth Rs 1,448 crore through the virtual mode.
The Chief Minister also inaugurated two projects in Cuttack district, which were set up with an investment of Rs 202 crore.
At an investment of Rs 1,650 crore, these projects are expected to provide employment opportunities for 4,500 people across sectors like plastic, sea food processing, manufacturing, tourism, IT, pharmaceuticals and steel downstream.
The investment intent for these projects was received during Make in Odisha Conclave 2022, an official said.
Speaking on the occasion, the Chief Minister said that over the years, Odisha has fast emerged as a major manufacturing hub in the country for sectors ranging from metal and minerals to chemical & petrochemicals and food processing, among others.
The Make in Odisha Conclave – 2022 held last year was an outstanding success as the event was attended by business leaders and industry delegates from different sectors across the country, he said, adding, the event could attract investment intentions of Rs 10 lakh crore to Odisha.
The Chief Minister said the vision of his government is to enable faster conversion of investment intents to grounding and provide unmatched facilitation and support to industries.
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