Odisha receives Rs 466 crore of investment proposals

Odisha has received proposals worth Rs 466 crore for the setting up of processing units at Seafood Park at Deras near the state capital here.
The state govenrment has already allotted required land to 20 interested firms, official sources said adding that the state run Odisha Industrial Infrastructure Development Corporation is develping the seafood park at an expense of Rs 134 crore.
On the basis committed investments, the seafood park will process 90860 MTPA of sea food and will generate 7214 employment opportunities, they said.
"The state government has received very encouraging response in terms of investments for the Seafood Park from companies across the country. We are confident that the state-of-the-art facility at the Seafood Park and Odisha's investor friendly policies will set new benchmarks for the sector" said industries secretary Sanjeev Chopra.

Among the major companies which have already committed investments are Falcon Marine Exports Ltd, Magnum Seafoods Ltd, Utkal Exports and Vizag-based Coastal Corporation Ltd. Falcon Marine Exports will set up the largest sea food processing unit with a capacity of 37,000 MTPA of sea food and provide 4060 employment opportunities.