BHUBANEWAR: The state government has strongly supported Japanese investments in steel, downstream aluminum, chemicals, petrochemicals, seafood processing, electronics, and automotive manufacturing.
Chairing a seminar on Thursday on âExploring Possibilities of New Japanese Investments in Odisha,â Minister of State for Industry, MSMEs and Energy Dibya Sankar Mishra said Japan was a valuable partner from India and Odisha.
He said Odisha, under the leadership of Chief Minister Naveen Patnaik, is committed to establishing an eternal relationship with Japan in industrial and cultural fields. Mishra said that many residents of Odia have made Japan their home. âThe Japanese people and artists like Masako Ono are now part of the Odishan culture,â he added.
Chief Secretary Suresh Mahapatra said that Odisha, under the visionary leadership of the Chief Minister, is now a preferred destination for investments and has provided full support to Japanese investors for their smooth operation. Speaking on the occasion, Foreign Minister Harsh Vardhan Shringla said the case for Japanese investments in Odisha was well made. Robust infrastructure, strong political will and the enabling bureaucracy associated with natural resources are Odisha’s great assets.
He assured all the support of the Indian government for successful investments in Odisha. Describing the scope of Japanese investments, Principal Industry Secretary Hemant Sharma said the industry and service sectors contribute around 80 percent of the state’s GDP. He said the state’s one-stop-shop system is the first of its kind and supports industries throughout their investment lifecycles.
Japanese Ambassador and Plenipotentiary to India Satoshi Suzuki, who led the Japanese delegation in his address, appreciated the support given by the Odisha government to Japanese investors. He hoped that the recent industrial and development surge in the state would be more useful for making new Japanese investments in Odisha.
Presidents, CEOs and CEOs of major industries like Arcelor Mittal, Nippon Steel, TRL Krosaki, Tata Group, Aditya Birla, Indo-Nissin Foods, Reliance and Mindtree shared their experience in Odisha with potential investors from Japan. About ten investors from large industrial houses in Japan attended the seminar and interacted with senior government officials.