Odisha Invites Entrepreneurs To Set Up Food Processing Units
The Odisha government organized an interactive session on food processing industries by inviting potential investors to invest in the food processing sector in the state. The session was conducted by the Industrial Promotion and Investment Corporation of Odisha (IPICOL) to provide a glimpse of the investment opportunities available in the state.
“The government will assist all the investors and industrialists to set up units in the state,” Industries and MSME Minister Dibya Shankar Mishra said. He also added that food processing is one of the most promising sectors in the state with a high potential for growth.
It is estimated that India’s agro and food processing sector is expected to reach a size of US $530 billion by 2020 and Odisha has been aiding the formulation of an ideal business eco-system to make the state a major hub in the eastern region, according to Mishra.
Odisha’s natural resources, long coastline and favourable climatic conditions for the production of a variety of agri-produce, fruits, vegetables and marine produce make for a favourable destination for investment, as highlighted during the course of the session.
Industries secretary Hemant Sharma said, “With the availability of raw materials, 10 agro-climatic zones, agriculture resources, seafood, farming landscape and easy connectivity to the ASEAN region, Odisha has all the ingredients required for the food processing and seafood sector to flourish in the state. We are further providing several subsidies to encourage investors to choose Odisha.”