New Delhi: A delegation from the state of Odisha, led by Mr. Niranjan Pujari, Minister for Industries visited the Japanese Embassy today in New Delhi and addressed senior officials of Japanese firms that are currently operating in India. The delegation also met companies based in NCR region to apprise investors about the mega industrial projects coming up in the state and the investment opportunities that Odisha has to offer.
Hon’ble Minister for Industries accompanied by Mr. Sanjeev Chopra, Principal Secretary, Industries Department and Mr. Sanjay Singh, CMD, Odisha Industrial Infrastructure Development Corporation (IDCO) showcased the vibrant business ecosystem of Odisha created through investor friendly policies and key business reforms. The delegation also highlighted investment opportunities in the six sectors identified as priority sectors by the state government – Ancillary & downstream industry in metal sector; Chemicals, Plastics & Petrochemicals; Electronics Manufacturing; Food processing including seafood; Textiles & Apparel and Tourism.
The event at the Japanese Embassy was organized in association with Japan Chamber of Commerce and Industry in India (JCCII) and was attended by senior officials from Japan External Trade Organization (JETRO). The gathering was also addressed by renowned Odissi dancer Masako Ono, a Japanese who has made Odisha her home since 2001. She shared her experience and spoke of the warmth of the people in Odisha, quality of life in the state capital and the immense tourism potential for Buddhist sites.
Addressing the gathering at the Japanese Embassy, Mr. Niranjan Pujari said, “Owing to the proactive and progressive governance, the State of Odisha is fast emerging as the manufacturing hub of Eastern India. Under the able leadership of our Hon’ble Chief Minister Shri Naveen Patnaik, we are on a steady path of progress, growing at a rate higher than the national average. Odisha wishes to work with you across all sectors of industrial development, and we invite you to tap the endless opportunities that the State offers.”
Hon’ble Minister, Mr. Niranjan Pujari also announced that in order to facilitate Japanese investment in the state, a delegation comprising of senior government officials and members of business community from Odisha will be visiting Japan during the last week of October to collaborate with industry leaders in Tokyo and Osaka. Mentioning about Odisha’s seafood industry, Mr. Pujari highlighted that about 10% of the current seafood exports are being shipped to Japan.
Following the event at the Japanese Embassy, the delegation also met NCR based companies and discussed investment opportunities as well as incentives of investing in Odisha. The delegation received strong response from the investor community for some of the mega industrial projects like Sea Food Park at Deras, Dhamra Port-based industrial region, Angul Aluminum Park and Kalinganagar National Investment & Manufacturing Zone to name a few.
Speaking on the sidelines of the event in New Delhi, Mr. Sanjeev Chopra, Principal Secretary, Industries Department, Government of Odisha said, “We are pleased to receive such warm welcome from the vibrant Japanese business community and investors from the National Capital Region. Odisha’s business friendly policies and the development of world-class infrastructure have received very positive feedback from investors across the country. Over the last 3 years, the State Government has embarked upon the implementation of a Business Reforms Program to make it easier for companies to set up and operate in the state, following which Odisha has been recognized as a ‘Leader’ in terms of implementation of business reforms with 92.73% score in the Ease of Doing Business Report of 2016. The state government is committed to ensure investor delight for the industrial units in the state.”
Mr. Sanjeev Chopra also shared a success story of Indo Nissin Foods Private Limited, a subsidiary of Japan based Nissin Foods Holdings which started its operations in Odisha in 2014 and has recently proposed to invest another Rs 50 crore to expand its instant noodles manufacturing facility at Khurda Industrial Estate.
Mr. Sanjay Singh, CMD, IDCO said, “The State government is highly optimistic over the new world-class industrial infrastructure facilities that have been set up across the state in the form of four investment regions and various sector-specific industrial clusters. Master planning of National Investment & Manufacturing Zone, Kalinganagar, Dhamra Port-based industrial region and Infovalley have been completed, while the planning for Petroleum Chemicals and Petrochemicals Investment Region at Paradip is underway and will be completed in the next 3-4 months. Meanwhile, other mega industrial projects like Plastics Park at Paradip, Sea Food Park at Deras, Electronics Manufacturing Cluster at Infovalley and Aluminum Park at Angul are now ready for investments”.
Under the leadership of Hon’ble Chief Minister of Odisha, Shri Naveen Patnaik, the state registered a GSDP growth rate of 7.94 percent in 2016-17, surpassing the national growth rate of 7.1 percent. Odisha has also created a long term roadmap for industrial development named ‘Vision 2025’ with a focus on diversifying the industrial development in the state while setting a target of generating employment for 30 lakh citizens by attracting investments worth Rs 2.5 lakh Crore in the focus sectors.
Following the success of Make in Odisha and Investor’s meet in Mumbai and Bengaluru in 2016, Odisha has already received firm investment commitments for 74 projects worth more than Rs 2 lakh Crore and currently the state government is focusing on rapid implementation of these projects.
Pioneering in single window clearance procedures, Odisha’s Single Window Clearance Authority is also committed to review and dispose all investment proposal in a period of just 30 days while the Industries department is currently developing a single window portal, wherein more than 35 key approvals will be provided online.
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