Odisha rolls out red carpet for UP investors

Lucknow

Rolling out the red carpet for investors, Odisha has sought private investment from Uttar Pradesh (UP)-based industrialists and business community.

Highlighting the “robust industrial climate” in Odisha backed by proactive policies, abundant power and a seamless single-window clearance system, the state government — in collaboration with the Confederation of Indian Industry (CII) — organized a roadshow in Lucknow.

Odisha principal secretary, Industries Department, Skill, Development & Technical Education and Chairman-IDCO and Chairman-IPICOL Hemant Sharma exhorted the industry captains to explore the Southern state, which has a large investment base in minerals and iron/steel-based industries.

He briefed about the abundant natural resources and skilled human capital, which has become a catalyst for the gargantuan industrialization initiative of Odisha. “Apart from the basic metals, Odisha is a pioneer in marine processing, IT & ITES, food processing, apparel and garmenting.”

The roadshow showcased the potential in terms of varied investment opportunities across the sectors like metals, mining, food processing, apparel, garmenting etc.

The port-based development model promoted by the state of Odisha is a unique proposition in the entire country. More than 22 years of political stability has brought a lot of transparency and confidence in the way business is done, Sharma informed.

He underlined that Odisha had undertaken several initiatives in terms of implementation of ease of doing business framework, creating an enabling policy framework and development of state-of-the-art industrial infrastructure to facilitate companies to set up and do business.

Moreover, Sharma apprised the investors of the bouquet of enabling policies in new-age sectors which include metal downstreaming, aerospace and defence, electronics manufacturing as well as niche sectors such as semiconductor fab manufacturing and solar PV cell manufacturing.

Meanwhile, Sachin Agarwal, Chairman-SIDM-Uttar Pradesh and CMD, PTC Industries, shared the success story of UP pertaining to the potential of value-added manufacturing adding value to the state GDP by revenue and employment generation.