Odisha delegation meets prospective investors in Mumbai

Mumbai: A delegation of Odisha government on Thursday held meetings with prospective investors from Mumbai and highlighted investment opportunities in the vibrant business ecosystem in the state.

 The team, led by Chief Secretary A P Padhi, held extensive meetings with senior representatives of various companies across focus sectors of the state including ancillary and downstream industries metal, food processing, apparels and textiles.

The focus of the state government is on rapid implementation of projects through seamless inter-departmental coordination and the use of recently launched first-of-its-kind Single Window Portal GO SWIFT -Chief Secretary

The investor meet in Mumbai on November 30 and December 1 is being attended by Sanjeev Chopra, Principal Secretary, Industries, Government of Odisha and senior officials from Industrial Promotion and Investment Corporation of Odisha Ltd (IPICOL), the State level agency for investment promotion and facilitation.

Last year, the State received investment intent worth Rs 71,000 crore during the ‘Make in India week’ held at Mumbai in February 2016. Of the 14 investment announcements received by the State during the event, as many as 9 projects are already in various stages of implementation.

The investment proposal from Gitanjali Infratech Ltd. to set up gems and jewellery park was recently approved by the State Government. Deepak Fertilisers proposal to set up a fertiliser unit has also been approved and the company will soon have ground-breaking for the project.

TATA SEZ has set a multi-product SEZ and industrial park at Gopalpur. IOCL will be commissioning downstream polypropylene unit by June 2018 at Paradip. NALCO, in collaboration with IDCO, has set up a unique Aluminium Park at Angul for downstream industries in Aluminium sector. In addition, NALCO’s proposal for expansion of smelter and refinery capacities in the State has also been recently approved by the State.

Notably, of the 124 investment intents received during the Investors’ Meets organized last year at Mumbai, Bengaluru and in the ‘Make in Odisha’ conclave, the State Government has already received and approved firm proposals for 75 projects worth Rs 2.02 lakh crore.

The State delegation informed the investors about the recent business reforms being undertaken to facilitate the Ease of Doing Business in the state, including the recent launch of single window portal for industries– GO SWIFT (Govt of Odisha Single Window Investor Facilitation and Tracking)– and incentive framework available for investor community across focus sectors.

We are committed to ensuring investor delight. With the introduction of GO SWIFT, an industrial unit can get customized information regarding incentives and requisite approvals about the proposed investment, select suitable land, apply for single window clearance, obtain land and other utilities etc.-Sanjeev Chopra

Under the leadership of Odisha Chief Minister, the state registered a GSDP growth rate of 7.94 percent in 2016-17 surpassing the national growth rate of 7.1 percent.

The State Government has set a target of generating employment for 30 lakh citizens by attracting investments worth Rs 2.5 lakh Crore in the focus sectors that include Ancillary and Downstream in the metal sector; Chemicals, Plastics and Petrochemicals; Electronics Manufacturing and IT; Agro & Seafood Processing, Tourism; Textiles and Apparel.