“Petrochemical Investment in Odisha to Bring Qualitative Change in the Lives of Poor”, Ministers at Global Chemicals and Petrochemicals Summit at Mumbai.

event on petrochemicals investment

New Delhi, November 19, 2019-The two-day summit on Global Chemicals & Petrochemicals Manufacturing Hubs in India was held at Mumbai today. The event was inaugurated by Shri D. V. Sadananda Gowda, Hon’ble Minister of Chemicals and Fertilizers, Ministry of Chemicals & Fertilizers, Government of India whereas Captain Dibya Sankar Mishra, Hon’ble Minister Industries, MSME, Energy & Home, Government of Odisha and Shri Mekapati Goutham Reddy, Hon’ble Minister for Industries, Commerce, Information Technology, and Government of Andhra Pradesh were attended as a major speaker.

Addressing the gathering, Captain Dibya Shankar Mishra, Hon’ble Minister Industries, MSME, Energy & Home, Govt. of Odisha stated that Chemical & Petrochemicals is one of the six priority in the state of Odisha. The investment in petrochemicals will help in furthering the common good and bringing a profound impact in the lives of the poor and downtrodden bringing about a qualitative change in their lives. He stated that Odisha enjoyed a stable political environment, zero tolerance to corruption, low operation cost and a seamless 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 the State Govt. has also developed a Plastics Park at Paradip. On behalf of the State Government he has invited all the investors for taking the business reforms and State-of –the-art infrastructure facilities in Odisha and set up manufacturing units in the State.

Mr. Hemant Sharma, Commissioner cum Secretary, Industries/MSME made a presentation on petrochemicals and chemicals ecosystems in Odisha highlighting as to how Odisha is the most favorable investment destination in the country. 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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