Bhubaneswar: Principal Secretary Industries Hemant Sharma today welcomed the investors in the plastic and packaging industry and assured the investors of a red-carpet welcome in the State.
Shri Sharma was speaking at the Packaging Conclave organised here by the Bengal Chamber of Commerce & Industry. The theme was NextGen Packaging: Smarter, Greener & its Preparedness for Global Play.
The Principal Secretary graced the event as Guest of Honour and delivered the keynote address.
Shri Sharma stated that the plastic and packaging industry is treated as an integral part of the State. The plastic and packaging industry is very important for sectors such as food processing sector, agri-retail, apparel etc. and without a robust plastic and packaging sector, these sectors cannot function well, he said.
Stating that Odisha is a logistically rich state, he said, an extensive mesh of roadways and railways connects the industrial zones to other States facilitating efficient movement of goods and services, making it a destination of choice for industrial enterprises across the country and abroad.
The Industrial Policy Resolution (IPR) 2022 has been formulated to create a conducive and consistent business environment to drive sustainable industrial growth in Odisha, Shri Sharma said.
The policy enables timely approval of industrial projects, online single window clearances, dedicated investor facilitation and best-in-class incentives for the plastic and packaging industry also.
For investment facilitation in the plastic and packaging sector, the State Government is providing land at concessional rates, capital investment subsidy, employment subsidy, exemptions on electricity duty, stamp duty etc. at a very comparative rate, he pointed out.