Bhubaneswar, Sept 23 (LocalWire): Odisha would soon promulgate a strategy document Vision 2030 with an objective to ensure 50% primary metals produced in the state are value added within the state, Chief Minister Naveen Patnaik said today.
While holding discussions with a nine-member business delegation from Republic of Korea, Patnaik called upon the Korean delegation led by its Ambassador Shin Bong Kil and said ‘there is a significant opportunity for both Korea and Odisha to strengthen trade, investment and tourism exchanges.’
Odisha government has laid its focus in the growth of electronics manufacturing, petroleum, chemicals, petro-chemicals, textiles, tourism and downstream units from metal to food processing.
‘The state would facilitate the growth of these industries by proving conducive business environment, industry-ready infrastructure and skilled workforce,’ he said addressing the Korean delegates.
Korea and Odisha have many possibilities across the identified focus sectors, he added.
Korean ambassador Kil expressed confidence of possible investment in various sectors including agriculture, horticulture, fisheries.
The dialogue between the government and Korean delegation assumes significance at the backdrop of the abortive venture of South Korean steel major Posco in setting up a mega Rs 52,000 crore steel plant near Paradip.
The steel major had inked a memorandum of understanding with the state government in 2005 but had to pull out of the mega venture due to intense resistance from locals who opposed the acquisition of their land for the project.
The industry observers are, however, keeping their fingers crossed on Korean investment move.
‘It’s a very positive development. The Koreans have the bitter experience of the abortive Posco steel project.
The government ought to ensure provision of land in a hassle-free manner to the investors,’ said an entrepreneur in Rasulgarh industrial area here, Amar Dash.