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eOdisha Summit - Vishal Dev, CMD, Industrial Infrastructure Development

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eOdisha Summit - Vishal Dev, CMD, Industrial Infrastructure Development

eOdisha Summit - Vishal Dev, CMD, Industrial Infrastructure Development

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  • 1. ODISHA – AN ATTRACTIVE IT/ESDM DESTINATION - PERSPECTIVE ON INFRASTRUCTURE VISHAL DEV CHAIRMAN-CUM-MANAGING DIRECTOR, IDCO
  • 2. THE GROWTH STORY OF LAST DECADE • In 2012-13 Odisha topped in attracting investment of ~100 Bn USD i.e. @27% of total investment committed in India (RBI recent reports) • Odisha has been consistently among the top three States for attracting investment in the last decade in India • The economy of Odisha has grown @ average 9.00 % in the last decade, higher than national growth rate • The capacity addition in various key sectors in the last decade has ranged from 3.5 to 12 times Sector 2000 2012 Growth Power Gen (in MW) Alumina (in Mn MT) IT Exports (In Mn USD) Aluminium (in Mn MT) Steel (in Mn MT) 13311 3.5 322.2 2.51 15.04 362% 438% 605% 661% 752% Technical Education (number of seats) 26328 154414 587% Port capacity (in Mn MT)  3679 0.8 53.25 0.38 2.00 12.85 156 1214% Odisha achieved the highest poverty reduction in the country during 2004-2010 (20.2 percentage points)
  • 3. ODISHA…….. MOST FAVOURED DESTINATION FOR INVESTMENT
  • 4. What Experts Say… • RBI recently has stated that in 2012-13 Odisha tops in attracting investment of ~100 Bn USD i.e. @27% of total investment committed in India • World Bank Report ranks Bhubaneswar as the 3rd best city in India to do Business • 1st State in India to undertake power reforms and Odisha boasts to be one of the Power surplus States • Bhubaneswar ranked among the safest state capitals in the country. • NASSCOM – AT Kearney Report 2010 identifies Bhubaneswar as a leading city among Tier II cities of India for IT / ITES business • Cushman & Wakefield ranks Bhubaneswar among the 10 emerging cities of India
  • 5. BHUBANESWAR… THE MODERN METROPOLIS • Present day Bhubaneswar is a pleasant fusion of Tradition & Modernity, co-existing in harmony. • It is the 2nd planned city in the country. • With a population of a million and a growth rate of about 40%, it is the fastest growing city in Eastern India and amongst the fastest growing cities in India. • The city is the regional HQ of a large no. of multinational and national companies in the steel, aluminium, power, mining and IT sector • City has excellent air connectivity with other metros and major cities • Biju Patnaik Airport has been declared as International Airport and International airlines are considering to start operations soon.
  • 6. Bhubaneswar… the Knowledge hub of Eastern India  Over the last 2 decades, Bhubaneswar has grown into a major hub for higher education, knowledge based industries and health care in Eastern India. IIT, AIIMS, IIIT, NISER, XIMB, KIIT etc Infosys, TCS, Wipro, Mahindra satyam, MindTree Consulting etc Apollo Hospital, LV Prasad eye hospital, Care hospital, AMRI Hospital, Narayana Hrudayalaya etc • Bhubaneswar is ranked among the top 10 IT Exporting locations in the country • Bhubaneswar is one of the three IT Investment regions planned in country • It has about 100 higher education institutions and produces about 40000 professionals every year. Indian Institute of Technology, Bhubaneshwar
  • 7. IT Infrastructure Growth perspective • More than 100 Units are operating out of Bhubaneswar employing more than 15000 employees • IDCO has pioneered in developing & managing IT Parks & Built to suit IT Towers in Odisha • The IT Exports from Odisha has grown @ 21% (CAGR) since 2000 • To cater to the demand of IT / ITES, the requirement of office space by 2021 shall be 30-35 Mn. Sft for IT / ITES ~ 350 Acres • In Electronic System Design & Manufacturing segment, Odisha targets to achieve turnover of Rs 18800 Cr. in the next 10 years. And the land requirement shall be 800-900 Acres employing more than 50000
  • 8. IT Infrastructure Growth perspective IT Parks IT Towers IT Investment Regions > IDCO has developed more than 11 lakh Sq ft of built up space in Bhubaneswar in the last decade > IDCO has developed - 2 IT / ITES SEZ spread over 450 Acres > Infocity – 175 Acres > Infovalley – 275 Acres > From IT Towers and IT Parks, IDCO is now developing an IT Investment Region spread over 41.32 Sq Km of land on the outskirts of Bhubaneswar
  • 9. IDCO’s Own Building Assets FORTUNE TOWERS  3.5 lakh sft. built-up area with an investment of Rs. 51 crore  2.91 lakh sft. built-up area given on rent  Reliance, Tata Teleservices, STPI, OPGC, POSCO are major occupants  Fully occupied TOWER 2000     7 storied building located in Mancheswar IE Rs.8 crore complex built with own funds 94,000 sft. of super built-up area Fully occupied primarily by IT / BPO start ups
  • 10. IDCO’s Own Building Assets TOWER 2010  17 storied building with helipad located in Mancheswar IE  Estimated cost of the project is Rs.130 crore built with own funds  4,68,000 sft. of super built-up area  Project to be completed in Aug 2014  Booking of space to be started soon.. IT / ITES INCUBATION TOWERS  G+15 storied building located in Chandaka IT SEZ  3.3 lakh sft. of super built-up area  Estimated cost – Rs 125 Crores
  • 11. INFO Park, Bhubaneswar  54 acres state-of-the-art IT PARK opposite Infocity in Chandaka IE for IT, ITES industries.  Project to offer over 40 lakh sft. of quality built-up space out of which 60% would be IT space  DLF Limited selected as Project Developer after competitive bidding process  1ST phase 5.00 Lakh sq ft nearing completion  DLF has started marketing space in the Info park
  • 12. INFOVALLEY - IT & ESDM Park o Planned on a 613 Acre parcel in the ITIR, Bhubaneswar. o 262 Acres Notified as IT SEZ o 35 Acres Business Park o 160 Acres proposed for ESDM Park o 113 acres open green area o In close vicinity to 1200 Ac Modern Integrated township of BDA on Walk to Work Concept o Master Planning being undertaken Jurong Consultants Pte Ltd, Singapore by o Infosys Ltd – Anchor Tenant in IT SEZ o Govt of Odisha Collaboration with Hsinchu Science Park, Taiwan for Investment promotion in the park
  • 13. Electronic Hardware Manufacturing Park o ESDM Park is being developed on 160 acres* of parcel in Infovalley under the EMC scheme of GoI o Project to be developed by SPV promoted by IDCO & OCAC o DPR for EMC being prepared by IESA o Total expenditure envisaged - Rs 138.48 Cr* o IDCO – Rs 30.00 Cr o Industries – Rs 44.81 Cr o GOI grant - Rs 63.67 Cr Indicative Products Set up Boxes, Invertors Energy meters, LED Luminaire , Printer, Solar PV modules, Accessories, Tablets, Cell Phones, Modem etc Investment Rs 770 Cr Turnover Rs 3730 Cr Employment 11,130
  • 14. Readiness of the Project o Physical infrastructure is in place o o Area delineation (site boundary) almost completed Power & water supply for construction phase is available o Environmental Clearances (EIA) obtained o Fast track approval of Building plan through Local Development Authority o Single window clearance system through OCAC o Facilitation support from IT Department, IDCO, OCAC and other line departments/agencies o IDCO is looking forward to investment in the Infovalley o o o IT / ITES within the SEZ / Non SEZ ESDM investors in the ESDM Park Infrastructure Developers :- Co –Developers for development of Built up space , social infrastructure etc.
  • 15. 2 0 °2 2 ' 10,210 acres(41.32 Sq Km), at a distance of ~15 km from Bhubaneswar and in close proximity to the proposed International Airport Bhubaneswar ITIR C h a n d a k a Jn . # S % Su nd ar ga rh Jha rsu% da gu % Ma yur bh an j % % Ba ra ga rh % Sa m ba lpur % % Ke on jha r Deo ga rh Ba las or e MD R -7 7 % So ne pu r Bh ad ra k Jajp ur % % An gu l % % Dhe nka na l  One of along IT Investment Region approved Located the 3 the NH 5 on the south-western by DeptBhubaneswar and connected by other part of of Electronics & IT, GoI % % Nua pa da Bo ud h Bo lan gir % % # 2 0 °2 0 ' % % Ph ulb an i Existing Bhubaneswar Region Ke nd rp ar a % % Cutt ack Naya ga rh Bh uba nesw ar % Jag ats ing hpu r Kh ur da Pu ri % Ka lah an di % Gan jam Nawa ra ng pu r Raya ga da % % % Gajp at i roads namely MDR 77 & MDR 78  10,210 acres(41.32 Sq Km), at a distance of ~15 Knowledge Corridor of Bhubaneswar On the km from Bhubaneswar and in close proximity to the proposed International Airport % % Ko ra pu t % # S K a te n i J n . Proje ct Are a MD R -7 8 # S 2 0 °1 6 ' 2 0 °1 8 ' Ma lkan gir i C h h a t a b a ra Jn . K h a n d a g ir i J n . # S 2 0 °1 4 ' B hub an es w a r # S D e ve l o pm e n t A u th or i ty NH-203 NH-5 2 0 °1 2 ' RLY To N a y a g a rh # S Proje ct Are a 2 0 °1 0 ' P ita p a lli J n . Location of the Proposed International Airport To P u ri
  • 16. Key Features of the ITIR  Processing Area: 43% (4300 Acres) to house all the IT, ITES, EHM, R&D centers etc. proposed on Govt. Land.  500 Acres of land under possession of IDCO and ready for allotment  Non Processing Area – townships, recreation etc – 1200 Acres being developed by BDA  Total turnover from the ITIR – Rs 46000 by 2030  Employment – 2.37 lakh persons  Environmental Clearance Obtained  Infovalley is the Anchor project is being developed by IDCO 16