Odisha Has Received Investment Proposals Worth Rs 466 Crore

Worth
Spread the love

Odisha has received Investment proposals worth Rs 466 crore for the setting up of processing units at Seafood Park at Deras near the state capital here.

Worth

The state govenrment has already allotted required land to 20 interested firms, official sources said adding that the state run Odisha Industrial Infrastructure Development Corporation is develping the seafood park at an expense of Rs 134 crore.

On the basis committed investments, the seafood park will process 90860 MTPA of sea food and will generate 7214 employment opportunities, they said.

The state government has received very encouraging response in terms of investments for the Seafood Park from companies across the country. We are confident that the state-of-the-art facility at the Seafood Park and Odisha s investor friendly policies will set new benchmarks for the sector said industries secretary Sanjeev Chopra.

Among the major companies which have already committed investments are Falcon Marine Exports Ltd, Magnum Seafoods Ltd, Utkal Exports and Vizag-based Coastal Corporation Ltd.

Falcon Marine Exports will set up the largest sea food processing unit with a capacity of 37,000 MTPA of sea food and provide 4060 employment opportunities.

Located at a distance of about 20 kms from the state capital of Bhubaneswar, the seafood park is well-connected to domestic, national and international markets.

Spread over 152 acres of land, the project has been approved under the Mega Food park scheme of the Union ministry of food processing industries and will comprise of 41 processing units, Chopra said.

The project will provide plug and play infrastructure and access to common facilities like devices for cold storage, pre-processing and post-processing facilities, ice plant, packaging, polythene unit and a research and development facility.

According to the norms of the state government, a financial assistance of up to 20 per cent of the project cost (excluding cost of the land) subject to limit of Rs 15 crore will be provided to special purpose vehicle (SPV) which will promote sea foodpark.

The subsidy can also be provided in the form of equity participation through IDCO or Odisha Small Industries Corporation Ltd (OSIC).

Odisha s coastline of 480 km is rich in seafood resources and the state government is keen to utilize the full potential of the sector.

According to the Fishery Survey in India, the fisheries potential of Odisha is 513,667 million tonnes per annum (MTPA). Odisha s proximity to South-East Asian markets and increasing demand in Japan and Europe will further aid the development of sea food sector in the state, Chopra said.

With the increasing global demand for seafood, India has already become the 11th largest exporter of seafood in the world. The Odisha government has set up a target of reaching Rs 20,000 crore seafood exports annually in the next five years from the present level of Rs 2,500 crore. 

Related Posts
One Of The Most Beautiful Shiva Temple In Odisha: Dhabaleswar Temple,Cuttack
Dhabaleswar Temple is a famous temple in Cuttack which is situated on the shore of River Mahanadi. This temple is dedicated to Lord Shiva and mainly this place is famous for the hanging bridge or in odia this is known as Jhula Polo. Thistemple is situated at ...
READ MORE
Famous Goddess Kamakshidevi Temple At Kamakshyanagar, Dhenkanal Of Odisha
Kamakshidevi Temple, which is situated at the top of the Nilachal Hill at about 800 feet above the sea level. The entire temple complex not only comprises of many other ...
READ MORE
New Medical College And Hospital At Baripada In Odisha
Odisha chief minister Naveen Patnaik inaugurated the Pandit Raghunath Murmu Medical College and Hospital at Baripada, Mayurbhanj. The medical college is expected to play a catalyst in improving health standards of ...
READ MORE
DISTINCTIVE FAMOUS FOOD SPECIALITY FROM DIFFERENT DISTRICT OF ODISHA
The state of Odisha is so diverse and vibrant that each of its district exhibits an unique tradition, culture and even a distinctive food speciality. Odia dishes are rich and varied and made from ...
READ MORE
Buddhist Sites Attract Tourists In ‘Ratnagiri’ At Jajpur Of Odisha
A gaggle of French vacationers, together with famous Buddhist researcher Anne Marie, on Friday visited Buddhist websites at Kaima, Tarapur, Deuli, Radhanagar and Langudi in Jajpur district. “Not many Buddhist students ...
READ MORE
October This Year For UDAN Flight Service To Jharsuguda
Jharsuguda airport is likely to become operational for flights from October this year under the regional connectivity scheme UDAN (Ude Desh Ka Aam Naagrik). The issue was discussed at a high ...
READ MORE
BJP Will Fight The Next Assembly Elections In Odisha
The BJP will fight the next assembly elections in Odisha on its own without forming any alliance, BJP president Amit Shah announced. He said his party will win at least ...
READ MORE
Baba Akhandalamani Temple Of Lord Shiva At Aradi,Bhadrak In Odisha
This famous Baba Akhandalamani temple, the abode of “Lord Siva” is nicely located in the bank of river Baitarani, at Aradi, 37km away from the district head quarter of Bhadrak towards ...
READ MORE
One Of The Famous Goddess ‘Maa Anlai Temple’ Of Khordha,Odisha
Maa Anlai Temple is one of the famous temple of Odisha which is situated at Uilkisan Nagar of Khordha, Odisha. This area is also wel known for “Paika Akhada”. Every Year ...
READ MORE
Flyover Collapses In Bhubaneswar 1 Dead And 11 Injured
One person died and 11 others were injured after a portion of an under-construction railway flyover collapsed in Bomikhal area in Bhubaneswar. Chief minister Naveen Patnaik announced ex-gratia of Rs ...
READ MORE
One Of The Most Beautiful Shiva Temple In
Famous Goddess Kamakshidevi Temple At Kamakshyanagar, Dhenkanal Of
New Medical College And Hospital At Baripada In
DISTINCTIVE FAMOUS FOOD SPECIALITY FROM DIFFERENT DISTRICT OF
Buddhist Sites Attract Tourists In ‘Ratnagiri’ At Jajpur
October This Year For UDAN Flight Service To
BJP Will Fight The Next Assembly Elections In
Baba Akhandalamani Temple Of Lord Shiva At Aradi,Bhadrak
One Of The Famous Goddess ‘Maa Anlai Temple’
Flyover Collapses In Bhubaneswar 1 Dead And 11

Leave a Reply

Your email address will not be published. Required fields are marked *