Odisha Ideal Destination For Investment In Petrochemicals: Capt DS Mishra

Bhubaneswar: Chemical & Petrochemicals are one of the major priorities in Odisha and investment in petrochemicals will help in furthering common good and bringing profound impact in the lives of the poor and downtrodden bringing about a qualitative change in their lives said Minister of Industries, MSME, Energy & Home, Captain Dibya Sankar Mishra, on Monday.

While attending two days summit on ‘Global Chemicals & Petrochemicals Manufacturing Hubs in India’ at Mumbai Mishra stated that Odisha enjoyed a stable political environment, zero tolerance to corruption, low operation cost and a scamless single window scheme and is an ideal destination for investment.

On this occasion he also said that the State Government is giving special emphasis on the development of the Petroleum, Chemicals and petrochemicals Investment Region (PCPIR) at Paradip and has also developed a Plastics Park at Paradip. On behalf of the State Government he invited all the investors for taking the business reforms and State-of –the-art infrastructure facilities in Odisha and setup manufacturing units in the State.

A presentation on petrochemicals and chemicals ecosystems in Odisha highlighting as how Odisha is the most favourable investment destination in the country was made by Commissioner-cum-Secretary of Industries and MSME department, Hemant Sharma during the event.

He said that Odisha enjoyed a competitive advantage in terms of low manpower costs, conducive power tariffs and low cost of living. Naturally endowed with coal, bauxite and chromium, Odisha is an ideal investment destination and with a revenue surplus budget which is well suited to address the concern of the industries.


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