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Task Force For Taiwan


Odisha Government has announced to set up a High Level Task Force headed by Chief Secretary to ensure swift clearnaces and approval of the projects of the CPC Corporation of Taiwan.


Chief Minister Naveen Patnaik announced this in the meeting held today with the visiting officials of the Taiwan Petrochemical Alliance.

He assured all out support to the Taiwan’s State-owned CPC Corporation which proposes investment of Rs 43,000 crore (USD 6.6 billion) in the Petrochemical Sector in India.

The Taiwan PSU Major has identified port town Paradip in Odisha as one of its possible locations for its investment, officials said.
 
The Conglomorate is likely to choose the Paradip site as it may meet its raw materials requirement by using feedstock from Indian Oil Corporation (IOC), they said.
 
CPC Corporation delegation led by President Shun-Chin Lee at the State Secretariat here, the officials said.
He said that the State along with being the most resource rich state of India, has also been consistently ranked amongst the top three states in terms of live manufacturing investments and the first in implementation of industrial projects in India.
The Odisha Industrial Development Plan 2025 identifies Chemicals and Petrochemicals as one of the six focus sectors and our focus have been to facilitate its growth by providing a conducivebusiness environment, industry-ready infrastructure and skilled workforce.
Welcoming CPC’s proposal to set up a Petrochemical Complex at Paradip, which will also boost the growth of downstream industries based on the building blocks made available.
A High Level Task Force under the chairmanship of Chief Secretary, with Principal Secretary Industries Department as Member-Convener and comprising concerned Departmental Secretaries will ensure swift clearances and approvals for this project.

He expressed confidence that the cooperation between Taiwan and Odisha will continue to grow in the future.

Later  Mr.Lee said that the company has plans to set up a Petroleum Cracker facility either in the western or eastern parts of the country and that Paradip is an ideal location.
 
"We will invest an estimated 6.6 billion USD which is equivalent to Rs 43,000 crore. We hope the state government will provide support and help us," he said.
 
Chief Secretary Aditya Prasad Padhi told Media after the meeting that the state government has assured the Taiwan company to provide all infrastructural support like land, water, electricity and incentives. The company will meet its raw material requirement from Indian Oil Corporation which has set up a mega oil refinery in Paradip.
 
Mr.Padhi informed that CPC delegation had visited Paradip on 1 August and discussed in details about the proposed project with the authorities of the Paradip Port Trust (PPT). They also met officials of the Ministry of Petroleum and Natural Gas also.
 
Mr. Padhi expressed optimism over the investment from Taiwan.

Principal Secretary Industries Sanjeev Chopra coordinated the entire visit and Team Taiwan was happy over the arrangments.


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