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Odisha holds investors meet in Ahmedabad (File Photo/ANI)
Odisha holds investors meet in Ahmedabad (File Photo/ANI)

Odisha holds investors meet in Ahmedabad to showcase investment opportunities in state

ANI | Updated: Aug 09, 2022 23:16 IST

Bhubaneswar (Odisha) [India], August 9 (ANI): In a continuing effort to be the country's leading investment destination, the Government of Odisha, in collaboration with the Federation of Indian Chambers of Commerce and Industry (FICCI), hosted an investors' meet in Ahmedabad on Tuesday to showcase the state's investment potential in the textile, metal, metal downstream, chemical, and various other sectors.
Pratap Keshari Deb, Minister - Industries, MSME & Energy, Government of Odisha,
Hemant Sharma, Principal Secretary, Industries Department 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.
According to a press statement, 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.
Addressing the gathering Minister, 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 per cent of the country's total mineral output and is the leading producer of chromite, nickel, bauxite, manganese, and iron ore. The state government 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-kilometre 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, the minister informed that the Government of Odisha will host the third edition of the "Make in Odisha Conclave" from November 30, 2022 to 4th December 2022 and an extended hearty invitation to all industry leaders to visit Odisha and see for themselves what Odisha has to offer," Deb added.
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 and ancillary to value add to the basic metal sector, chemicals, petrochemicals and plastics, food processing, textile and 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. (ANI)