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Odisha identifies 600 acres of land to woo Japanese investors

Odisha has been promoting its investor-friendly image at multiple roadshows across India and abroad

Jayajit Dash  |  Bhubaneswar 

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After Rajasthan, investors from can look at to set up shop as the government has identified 600 acres of land near Bhubaneswar to woo

“The land that we have identified is proposed to be developed as a multi-product park where companies from can come and set up their units. During our recent visit to Japan, we showcased our industry-friendly policies and the incentives we offer to investors. We are prepared to review the wishlist of the interested Japanese companies and provide them with the necessary facilitation and support”, said Sanjeev Chopra, principal secretary (industries) with the government.

A delegation from along with the industry body Confederation of Indian Industry (CII) visited last week and staged roadshows in Tokyo and Osaka. The delegation met some of the top-notch corporations in with a turnover in the range of $50-60 billion.

Chopra declined to name the companies as the discussions were in initial stages and no intent was announced by the Japanese companies. has hardly seen major Japanese investments with the exception of Indo Nissin Foods, a subsidiary of Japan-based Nissin Foods. The company, in January 2014, commissioned its factory at the Khurda food park on Bhubaneswar’s outskirts, its third in the country, at an of Rs 100 crore.

In Rajasthan, around 1,100 acres has been earmarked for Some of the most-sought after like Motor Corporation, and Industries have clustered there and enjoy facilities like streamlined approval process and uninterrupted power supplies.

Japan’s Foreign Direct (FDI) in India has been expanding as it touched $3.5 billion in 2016. Also, is India’s 10th largest trading partner with the two-way trade valued at $14.5 billion in 2016.

Odisha, which is positioning itself as the manufacturing hub of the east, has been promoting its investor-friendly image at multiple roadshows across the country and abroad. The state’s key manufacturing zones in the offing are the National & Manufacturing Zone (NIMZ) developed at Kalinganagar near Jajpur, the electronics manufacturing cluster at Infovalley near Bhubaneswar, Petroleum, Chemicals & Petrochemicals Region (PCPIR) at Paradip and a port-based zone near Adani Group-controlled Dhamra port. Apart from this, the state government has planned a plastic park at Paradip and an aluminium park at Angul jointly promoted by state-owned Industrial Infrastructure Development Corporation (Idco) and National Aluminium Company (Nalco).

First Published: Mon, November 13 2017. 10:59 IST