Bhubaneshwar, Nov 13 (KNN) Minister of State for Industries and Micro Small and Medium Enterprises (MSME) Dibya Sankar Mishra has invited investors to set up manufacturing units in the State.

Terming chemicals and petrochemicals as one of the major priority sectors in Odisha at a two-day summit on ‘Global Chemicals and Petrochemicals Manufacturing Hubs in India’ in Mumbai on Monday, the minister also lauded the state and said it is an ideal destination for investment.

“Odisha is an ideal destination for investment as it enjoys a stable political environment, has zero tolerance to corruption, low operation cost and a seamless single window scheme for faster clearance of projects,” Mishra said.

''The State Government is giving special emphasis to the development of Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) at Paradip,'' he added.

Mishra hoped that investment in petrochemicals will help boost the State’s economy and bring a qualitative change in the lives of the poor and downtrodden.

Stressing that all PCPIRs are in collaborative approach, Industries and MSME Secretary Hemant Sharma said the real competition is with China, Vietnam and Singapore.

He also said 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.

Published On : 13-11-2019

Source : Knn India