BHUBANESHWAR: The state government has identified six focus sectors for industrial development which include ancillary and downstream in metals, plastics, chemicals and petrochemicals, information technology(IT)/IT enabled services and electronic system design and manufacturing (ESDM), agro and seafood processing, tourism, textiles and apparel.
Finance minister Shashibhusan Behera announced this while addressing a roadshow and investors meet at Ahmedabad.
The minister said with the objective of attracting 2.5 lakh crore of fresh investments and generating 30 lakh job opportunities as part of chief minister Naveen Patnaik's vision-2025, the government of Odisha is working towards diversifying and broadening the state's industrial development across the focus sectors. He invited Gujarati industrialists and entrepreneurs to explore growth opportunities in Odisha and invest in the state.
Stating that the Associated Chambers of Commerce and Industry of India (ASSOCHAM) has ranked Odisha as the number one state in terms of investment implementation rate, he said the state consistently ranked amongst the top three for manufacturing investments in the country.
The state government organised the investment promotion roadshow as part of the preparations for 'Make In Odisha-2018'.
Addressing the meet, principal secretary in the industries department Sanjeev Chopra said Odisha's business-friendly policies and development of world-class infrastructure have received very positive feedback from investors across the country.
Over the last three 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.
The state government is also giving early bird discount to investors on land cost (`10 lakh per acre) to set up units in the Angul Aluminium Park while the state-run Nalco is giving a discount of `5000 per tonne on aluminium ingots and Rs 4000 per tonne on molten metal to downstream industries, he said.
A panel discussion on competitive advantages of Odisha as an investment destination was also organised which was attended by representatives from Indian Confederation of India Industries, Adani Group, Welspun Group, Manpasand Beverages Limited and Gujurati Samaj.
Discussions and meetings with representatives of group companies such as Flourish Pure Foods, Arfin India, Amar Group, Torrent Cables Gokul Agro Resources Limited, ABB Limited, Eris Life Sciences Limited, AVOCAB Cables and Wires, Vertex Cotton, Hazira LNG and Savegeo Energy Limited were also held.
The government plans to reach out to potential investors with roadshows in Germany, United States, China, Japan and South Korea as well as several Indian cities including New Delhi, Bangalore, Chennai, Vizag and Coimbatore ahead of the biennial Make In Odisha conclave.