By Bizodisha Bureau, Bhubaneswar, November 11, 2019: Odisha has called on domestic and industrial giants to invest in making them chemicals and petrochemicals manufacturing hubs. Speaking at the ‘Summit on Global Chemicals and Petrochemicals Manufacturing Hubs in India 2019,’ Odisha Energy, Industries and Micro, small and Medium Enterprises (MSME) Minister Dibya Shankar Mishra said the state has huge natural resources and 500 kilometers of coastline, and it wants to tap it.

“Odisha has huge natural resources and 500 kilometers of coastline, we want to cash on this. Last year we attracted an investment of Rs 2 lakh crore, of which Rs 15 lakh crore has been grounded. Overseas investors from Singapore, China showed interest in investing in the state. Chinese companies have invested in setting up shoe manufacturing units in the state. We are targeting Rs 1 trillion investment into the state by 2025,” he added.

Odisha has water, land and energy in abundance and urged investors to invest in the state which has single clearance windows for ease of doing business, he remarked saying, “We have six focus sectors, including electronics manufacturing, petroleum, chemicals and petrochemicals, textiles, tourism and downstream to metal and food processing. We want to scale up the investments and make the state the petrochemicals hub,” he added.

Leave a Reply

Be the First to Comment!

Notify of