PwC organizes investor roadshow for metals and downstream sector in Odisha
PwC organied an Investors Roadshow on development of Metals and Downstream sector in
Bhubaneswar on 28 th April 2023 involving the government and key stakeholders in the state.
Shri Prafulla Kumar Mallik, Hon’ble Cabinet Minister for Steel & Mines and Works, Government
of Odisha graced the occasion as the Chief Guest and addressed the captains of metals and
downstream industry of India.
Mr Sambitosh Mohapatra, Partner, PwC delivered the welcome address and highlighted the 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 and Odisha has been emerged as the most favourable destination of the
country, now the government’s efforts to be emphasis on creation of employment opportunities
in the state.
Mr Amulya Patnaik, Managing Partner, PwC Bhubaneswar lauded the initiatives of the
Government of Odisha for creating conducive environment and favouable eco system for metals
and downstream sector in the state. PwC has deepened its engagement in the state for the
investment promotion and various iniatiaves of the government.
Mr Prafulla Kumar Mallik, Hon’ble Minister, Steel & Mines and Works, Government of Odisha
lauded the iniatives of the PwC in organizing the symposium involving the stakeholders in
metals, mining and downstream sector. Hon’ble Minister said, the state’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 in the downstream industries. The state
government has implemented several policies to encourage the establishment of downstream
industries, and have seen significant growth in this sector.
Mr Manoj Mishra, Principal Secretary, Electronics and IT, Government of Odisha graced the
occasion as Guest of Honor and spoke on Industry 4.0 and harnessing technology for growth of
the mines & metals sector in Odisha. He highlighted importance of the significant
transformations of technological innvovation 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. 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 3 rd edition of Make in Odisha participated in the panel discussions. Mr Shashi Sekhar
Mohanty,MD & CEO, Essar MinMet,Mr Pankaj Satija, MD Tata Steel Mining, Mr Prabodh
Mohanty, MD, SNM Group ,Mr Sujogya Dash, CEO, Eramet, Mr Shailender Kumar Sinha ,
Director, OMECL, Mr G Suresha, Executive Director,Odisha Assets, AM/NS India, Dr. Tapan
Kumar Chand, President, Vedanta Ltd , Mr Priya Ranjan Prasad, Managing Director, BRPL,
Mr. A K Singh, Business Head, Phase 1 & Chief Metallurgist, Jindal Stainless Ltd and Mr. Bibhu
Mishra, Adviser, Hindalco Industries putforth their views on recenty announced pro-industry
Industrial Policy of the state and opportunities in the metals, mining and downstream industries
in the state.
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.
“The development of downstream industries would generate employment opportunities in the
state and result in socio-economic prosperity in the state” – Shri Prafulla Kumar Mallik, Hon’ble