Corporate Times

“Building from Scratch”

Nitin Bhanudas Jawale, MD, Ipicol


Nitin Bhanudas Jawale, currently the managing director of state owned investment agency Ipicol and special secretary with the industries department offers the most compelling story of metamorphosis from the slums to the corridors of power.

Jawale who had a poignant childhood with days spent at a one-room shanty in Mumbai’s Ghatkopar slum braved the impediments to crack the coveted civil services examinations, securing the 56th rank in the country. His family played a stellar role, sacrificing immensely for his achievements. For Jawale, there were no coaching classes or special books to endow him with the advantage over his peers in the most gruelling of all competitive services examination conducted by the UPSC. All he had was the unstinted support of his family and his dogged pursuit to surge ahead and hobble out of a life of profound misery.

As the officer helming Ipicol, Jawale has taken a flurry of steps to keep Odisha’s investment momentum alive and kicking. He was behind the successful hosting of Make in Odisha’s second edition conclave in November 2018. It was a consensual view among investors and other stakeholders that the biennial conclave’s second summit eclipsed the first both in terms of optics and the scale of investments garnered. At the second show of Make in Odisha, the state government pocketed investments worth over Rs four lakh crore, double the size of what was achieved at the inaugural event in 2016.

Jawale is also ensuring that the investors don’t turn truant after pledging big deals at glittering conclaves. His incessant follow-up actions have meant that Rs 4461 crore of projects were launched by chief minister Naveen Patnaik recently. The chief minister inaugurated 10 projects while concomitantly laying the foundation stone for 12 others. Jawale is assiduously working towards the vision of positioning Odisha as one of the top three states for investments.

The exclusive Odisha film policy which is resonating with the targeted community is also the brainchild of Jawale. as some of the country’s noted production houses hooked to it. Known for its historical strengths in mining, metals & power sectors, the eastern state is out to woo the movie makers to have a slice of the scintillating world of celluloid. The policy strives to position Odisha as the ideal venue for film shoots with its tapestry of art, culture and tourism. A swarm of incentives are on offer for film producers who set aside a portion of their screen time to promoting the state’s culture and its tourism hotpots. Jawale has been promoting the state’s film policy at myriad fora.

In his previous stint as the tourism director, Jawale has accelerated both tourist footfalls and investments. Odisha registered huge footfall of foreign tourists during the Asian Athletic in July and World Hockey League in December 2017.

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