Bhubaneswar, 27th February 2020: Sri. Dharmendra Pradhan, Hon’ble Union Minister Steel, Petroleum & Natural Gas and H.E. Mr. Satoshi Suzuki, Ambassador of Japan to India met Shri Naveen Patnaik, Honourable Chief Minister of Odisha and discussed development of Steel cluster in Odisha and prospects of Japanese investment in Steel Sector and downstream development in Odisha.
Smt. Rasika Chaubey, Addl Secretary Steel, Govt of India gave a presentation about the new initiative called Purvodaya, which aims to drive accelerated development of Eastern India through establishment of integrated steel hubs in Eastern states of India for which Odisha has the best potential.
This Eastern belt has the potential to add more than 75% of the country’s incremental steel capacity envisioned by the National Steel Policy. It is expected that out of the 300 MT capacity by 2030-31, over 200 MT can come from this region alone.
Honorable CM Odisha urged H.E. Ambassador of Japan to consider be the country partner for Make In Odisha Conclave 2020, once again. He also made an offer for an exclusive Japan Industrial cluster and township near Bhubaneswar for which the state govt would provide all the necessary facilitation.
Located on the east coast of India, Odisha has a coastline of 480 kms along the Bay of Bengal. The modern State of Odisha was formed on 1 April, 1936 but its history dates to the era of Kalinga mentioned in the Mahabharata. Over the years the state has maintained a unique cultural identity distinct from all of its neighboring States. Traditionally, the State has been known for its mineral and mining strength. Since the turn of the millennium, the focus of the State has shifted to manufacturing and services industrial growth. The State Government has also taken several unique initiatives to ensure that a hassle-free and conducive business environment is provided to the investors setting up units in the State. This website is a one-stop location for all such information.
Industrial Promotion and Investment Corporation of Odisha (IPICOL) is the single point of contact for all industrial investments in the State. IPICOL is responsible for devising the investment promotion, facilitation and aftercare strategy for The state of Odisha. IPICOL, as the investment promotion agency of the State of Odisha undertakes all activities to promote Odisha as the investment destination of choice