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Odisha Woos Investors

Ahmedabad: To attract more and more investments to Odisha, the State Government, in collaboration with the FICCI hosted an investors’ meet in Ahmedabad to showcase the state’s investment potential in the textile, metal, metal downstream, chemical, and various other sectors.

The event was organized on 8 August, which was attended by over 150 delegates, representing various industries from across Gujarat.

Addressing the gathering, Industries Minister Pratap Keshari Deb highlighted the fact that because of abundant natural resources and metal ecosystem advantage, Odisha has become a preferred location for enterprises in the metal and allied sectors.

Odisha produces 34.3 percent of the country’s total mineral output and is the leading producer of chromite, nickel, bauxite, manganese, and iron ore, he said.

The State Government, he said, is promoting a Petroleum, Chemical, and Petrochemical Investment Region (PCPIR) in Paradeep, with IOCL as the anchor tenant.

“Another priority area for our state is the food processing sector, which includes seafood processing as well. Odisha has a 480-kilometer coastline and three fully functional ports at Paradeep, Gopalpur, and Dhamra that connects the State to global trade channels,” he said.

The Minister also highlighted that Odisha is a power surplus State with abundant water resources as well. Highlighting the various initiatives to drum up support for the industrial ecosystem, Mr.Deb informed that the Government of Odisha will host the third edition of the “Make in Odisha Conclave” from November 30 to December 4, 2022 and extended hearty invitation to all industry leaders to visit Odisha and see for themselves what Odisha has to offer.

Industries Principal Secretary Hemant Sharma presented the “Odisha Business Ecosystem and Investment Opportunities”, emphasizing the State’s stable Government, progressive policies, natural advantages, industry-led infrastructure development, availability of industrial land, port led development model, and highly skilled human resources, which gives the state a distinct competitive advantage over others.

Mr.Sharma also highlighted the zero-human-interface single window portal named GO-SWIFT, ready-to-move industrial land parcels across the state and the competitive power and water tariffs which are enablers to set up industries and manufacturing units in the State.

Speaking on the Startup Ecosystem in Odisha, Omkar Rai, Executive Chairman, Start-up Odisha stated that, “The State has an attractive start-up policy that addresses all nuances of the start-up ecosystem. It elucidates the concept, the registration process, and the incentives offered to the companies. The policy is sector agnostic”.

Delivering the concluding remarks, Md. Sadique Alam, Director of Industries, Odisha, said that Odisha aspires to be a hub of economic activity in East and South-East Asia.

The State is diversifying from its inherent strengths in the mining and metal industries and propelling itself towards downstream & ancillary to value add to the basic metal sector, chemicals, petrochemicals & plastics, food processing, textile & apparel, and other new-age sectors.

With big mother plants and bulk manufacturers operating and increasing their capacities throughout the State, there is a massive projected need for ancillaries, he said.

One-to-one “Business to Government (B2G) meetings” were also organized to initiate and sustain heart to heart dialogue with the industry and relevant industry associations, to understand the underlying sentiments and address the same.

In line with such noble thoughts, the Government of Odisha team met 5 (five) industry associations, including marquee names like FICCI, Gujarat Chamber of Commerce & Industry, GESIA, Gujarat Dyestuff Manufacturers Associations and Indian Laminates Manufacturers Associations.

In addition to these associations, the delegation from the Government of Odisha also met 19 individual industry captains, which included many household names.