Odisha Offers 3.5 Sq Km Land To Woo Japanese Investors For Industries

Bhubaneswar: Odisha strongly pitched for Japanese investment outlining its contours of advantage like stable governance, state-of-the-art industrial infrastructure, abundant natural resources and stratgeically placed coastline at the India-Japan investment forum virtual conference on Wednesday.

Minister for Energy, MSME and Industry, and Home Department Captain Dibya Shankar Mishra outlined the steps taken to streamline the investment process and create a business-friendly environment at the event organised by Indian Chambers of Commerce (ICC).

“To support new industries planning to set up in the state, we have efficent single window systemt which hand-holds them throughout the investment grounding process,” the minister said.

In order to attract investors from Japan, the state government offered 3.53 sq km 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.

“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,” said Sharma.