Odisha offers dedicated manufacturing cluster to attract Japanese investment
Highlights
- Aimed at attracting Japanese investors to Odisha to take advantage of plug-and-play industrial infrastructure and skilled workforce
- Dedicated Japanese manufacturing cluster offered at a place closer to Bhubaneswar
Chennai, August 26: In the India-Japan investment forum virtual conference held today organised by Indian Chambers of Commerce (ICC), the Industries department of Odisha listed out advantages such as stable governance, state-of-the-art industrial infrastructure, abundant natural resources and stratgeically placed coastline to attract investment from the world’s third-largest economy.
Steps taken to streamline the investment process and to create a business-friendly environment were outlined by Captain Dibya Shankar Mishra, Hon’ble Minister for Energy, MSME and Industry, and Home Department, in the event today.
“To support new industries planning to set up in the state, we have efficent single window systemtwhich hand-holds them throughout the investment grounding process,” the minister said.
Dedicated Japanese manufacturing cluster
To attract investors from Japan, the state government offered 3.53 square kilometer industry-ready land near Bhubaneswar. The particular land parcel is a plug-and-play industrial land with a dedicated research lab, dormitories for employees, and other facilities required for new industrial projects. For investors intending to set up petrochemical units, the state has 2500 acres of industrial ready-to-set up plots near Paradip port, also home to a large crude oil refinery facility of Indian Oil Corporation Limited, said Hemant Sharma, Principal Secretary, Department of Industries, Government of Odisha in the event.
“With abundant natural resources, surplus availability of power at a cost lesser than many other industrialised states of India and a strategically located coastline, within reach of the ASEAN markets Odisha could be the most promising investment destination for countries like Japan, “added Sharma in his presentation
About Odisha
Located on the east coast of India, Odisha has a coastline of 480 kms along the Bay of Bengal. The modern State of Odisha was formed on 1 April, 1936 but its history dates to the era of Kalinga mentioned in the Mahabharata. Over the years the state has maintained a unique cultural identity distinct from all of its neighboring States. Traditionally, the State has been known for its mineral and mining strength. Since the turn of the millennium, the focus of the State has shifted to manufacturing and services industrial growth. The State Government has also taken several unique initiatives to ensure that a hassle-free and conducive business environment is provided to the investors setting up units in the State. This website is a one-stop location for all such information.
About IPICOL:
Industrial Promotion and Investment Corporation of Odisha (IPICOL) is the single point of contact for all industrial investments in the State. IPICOL is responsible for devising the investment promotion, facilitation and aftercare strategy for The state of Odisha. IPICOL, as the investment promotion agency of the State of Odisha undertakes all activities to promote Odisha as the investment destination of choice
