The Odisha government in collaboration with the Confederation of Indian Industry (CII) held an investors’ meet in Jamshedpur to showcase the investment potential of the state in the metal, metal downstream, chemical and other sectors.
All the top notch officials including the minister for energy; industries micro, small & medium enterprises and home, Dibya Shankar Mishra, attended the investors meet on 13 and 14 April More than 120 delegates representing various large scale and MSME industries across Jharkhand attended the summit.
Interacting with the investors, Mishra said. “Odisha contributes 34.3 per cent of the total mineral production in the country and we are the number one producer of Chromite, Nickel, Bauxite, Manganese and Iron Ore. Odisha has the capacity to produce around 30 million tonnes of steel every year, which is expected to grow up to 100 million tonnes by 2030. Further, we have the vision to develop downstream units in the Metal Sector to achieve more than 50 per cent value addition to the primary metal produced in the state.”
Secretary, industries, Hemant Sharma presented the investment potential in Odisha and emphasised the stable government of the state, its progressive policies, natural advantages, industry-led infrastructure development, availability of the industrial land and highly skilled human resources, which gives the state a competitive advantage over others.
Sharma also highlighted the ready-to-move industrial lands across the state and the competitive power and water tariffs to set up industries and manufacturing units.
The official cited how the state has developed industry-specific investment clusters such as National Investment and Manufacturing Zone (NIMZ), Kalinganagar, Aluminium Park at Angul, Petroleum, Chemicals and Petrochemical Investment. Region at Paradip, Seafood Park at Deras, Technical Textile park at Bhadrak, TATA SEZ (Special Economic Zone) in Gopalpur, Paradip Plastic Park and Electronics manufacturing cluster in Bhubaneswar and has investor-friendly policies, incentives and infrastructures to promote investments and create employment.
Managing director, Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL) & IDCO (Odisha Industrial Promotion and Investment Corporation of Odisha Limited) Bhupendra Singh Poonia said that Odisha is now well equipped with all necessary infrastructure and invited the investors from Jharkhand to expand and explore new avenues in Odisha.
Attending the summit, vice president, TQM and Engineering & Projects, Tata Steel Limited, Avneesh Gupta has shared his views on the facilitation and good governance of Odisha, particularly for the existing and expansion projects of Tata Steel and its various subsidiary units.
Director, SAIZAR Enterprise, Sairus Kersoo Indorewalla has lauded the efforts and proactiveness of the Odisha government. Chairman, CII Jharkhand state council Tapas Sahu highlighted the similarities between Odisha and Jharkhand.
