Struggling to attract major investment, Odisha is on its toes to fetch investors.
The Government of Odisha is in discussions over a special incentive package for mega investments in the textiles and apparel including technical textiles sector.
Addressing a national-level seminar on ‘Making Odisha the Textiles Hub of the East’, organised by the Industrial Promotion and Investment Corporation of Odisha (IPICOL), Minister Industries, MSME, Energy and Home Captain Dibya Shankar Mishra said, “We have more than 1.5 lakh acres of land, ready to be used by the industries coming down to Odisha. Our Government has prioritised textile sector and is seeking mega-investments from major textiles and apparel players. I would like to make an appeal to industry leaders across India to come and visit Odisha and we are here to support you.”
It is worth mentioning here that the as far as apparel manufacturing is concerned, the state has only few big players like Aditya Birla fashion Retail and some others.
Principal Secretary of Industries, Government of Odisha Hemant Sharma said that the state has skilled workforce and conducive business environment for the textile industry.
He also elaborated the strong driving factors of Odisha making it the manufacturing hub of the East such as the strategic location of Odisha in the ASEAN region, the industrial infrastructure, highly skilled manpower and especially the proactive governance.
Pradeep Jena, Development Commissioner and Additional Chief Secretary, Odisha informed that in the last few years, state has done many reforms, including building a conducive business environment and state-of-the-art infrastructure, in addition to introducing progressive policies and giving special attention to the industries at various stages.
UP Singh, Secretary, Ministry of Textiles, Government of India elaborated the new schemes of the Central Government and pointed out the areas where India-based industries can focus on growth in this sector.
SSV Ramakumar, Director, R&D, Planning and Business Development, Indian Oil Corporation Ltd (IOCL) highlighted the huge availability of synthetic raw materials such as Polypropylene, MEG, PX-PTA as well as PSF, DTY and FDY required for the technical textile and the active participation of IOCL at the Technical textile park in Bhadrak.
Participants from Shahi Exports, Aditya Birla Fashion, Page Industries and Wild Lotus, Bhilosha Industries, Vardhman textiles, Dixcy textiles, Indorama industries and Shubhalakshmi polyesters participated in the seminar.
