Odisha offers ideal business ecosystem for investment, Chopra to captains of industry

State

Bhubaneswar, Aug 9

While developing land bank, Odisha has lined up 1.2 lakh acres of ready-to-use industrial land for the investors. While charting out the advantages of investing in Odisha, Principal Secretary Industries Sanjeev Chopra has informed the captains of industry that in 106 Industrial Estates, GIS based land bank is available at the click of a button.

Chopra said that State Government has developed nine sector specific Industrial Parks and Estates for ready-to-use by the investors.

Those are Kalinga Nagar Steel Industrial Park, Angul Aluminium Park, Downstream Steel Park, Apparel Park at Ramdaspur, Sea Food Park at Deras, Plastics Park at Paradip, Textile and Apparel Park at Bhadrakh, Rayagada Food Park,and Jharsuguda Aluminium Park.

Apart from these industrial parks, four investment regions which have also been developed are Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) at Paradip, Dhamra Investment Region, National Investment & Manufacturing Zone (NIMZ) Kaling Nagar and Infovalley Electronics Manufacturing Cluster, Bhubaneswar.

On skilled manpower front, every year, 1,78,404 technical manpower graduating every year from 956 institutions in Odisha.

And development of  World Class Skill Centre at Bhubaneswar will generate large pool of trained workforce in the State, said he.

Meanwhile, the State has achieved significant growth in metal production and infrastructure capacity, said Chopra.

Alumina production which was hardly 0.8 Million Metric Ton (MMT) in 2000, has gone up to 5.78 MMT in 2017. Similarly, aluminium production has gone up to 2.66 MMT from a mere 0.35 MMT.

Steel production has gone up to 22.9 MMT in 2017, which was 2 MMT in 2000.

Port capacity, which was 20.5 MMT in 2000 has soared up to 190 MMT in 2017.

Power Generation in 2000 was 5,009 Mega Watt (MW) and in 2017, it has gone up to 17,690 MW.

Road network in Kilometer (KM) was 16.041 KM, which has scaled up to 26,843 KM.

There is significant improvement in both metals production and infrastructure development, pointed out Chopra.

First of its kind single window portal-GO SWIFT is a one stop solution for all required services by an Investor during the Investment life cycle of a project.

With progressive eco-system of policy frameworks, Odisha  has received investments of Rs.153.82 billion by 2017, which can generate employment over 76,400 in the State achieving growth rates of 7.14 percent.

In fact, the State’s vision is to attract Rs.2.5 lakh crore of new investments in six identified focus sectors like food processing, chemicals, plastics and petro chemicals, textiles and apparels, ancillary, downstream industries in metal sector, EDSM , IT and ITES sector and tourism and create 30 lakh jobs opportunities by 2025.

Against this backdrop, Odisha is going for Make-in-Odisha (MIO) conclave from 11to15 November in Bhubaneswar, which will showcase the business environment, investment opportunities across focus sectors and manufacturing prowess of the State, said Chopra, while welcoming the captains of industries to State.

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