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
Popular Festival ‘Rajo Sankranti’ Or ‘Mithuna Sankranti’ Of Odisha
Raja Sankranti (Swing competition) or Mithuna Sankranti is the primary day of the month of Asara (June-July) from which the season of rains begins. It inaugurates and welcomes the agricultural ...
READ MORE
One Of The Popular & Famous Festival ‘Konark Festival’ At Konark, Odisha
Date: 1st to 5th December Every Year Thirty five km. to the north-east of Puri lies the World Heritage Monument, the Sun Temple of Konark. Twelve hundred craftsmen had toiled hard ...
READ MORE
One Of The Famous Temple Of Odisha ‘Loknath Temple’ in Puri
Loknath Temple is one of the best Shiva Temple situated very near to the famous Lord Jagannath Temple of Puri. It is also one of the famous Hindu temple of Odisha. This temple ...
READ MORE
One Of The Most Popular & Interesting Dance Form Of Odisha ‘Baunsarani Dance’
Baunsa Rani actually means “The Bamboo Queen”. It is likely one of the oldest dance of Odisha. On this dance type a woman reveals numerous acrobatic postures on the crossed ...
READ MORE
Famous Mahimagadi Or Mahima Dharma Joranda Temple of Dhenkanal ,Odisha
Mahimagadi is the birth place of Mahima Dharma, situated at Joranda district, around 24 km from Dhenkanal Odisha. Santh Bhima Bhoi is the founder of Mahima Dharma. Lots of devotee ...
READ MORE
Famous Folk Dance Of Odisha: Ghumura Dance From Kalahandi
Ghumura Dance (or Ghumra Dance) is one of the most leading folk dance form Kalahandi district of Odisha. It is classified as folk dance as the dress code of Ghumura ...
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
Famous Crocodile Reserve Of Odisha ‘Bhitarakanika National Park’ In Kendrapara
Odisha’s Kendrapara district Bhitarkanika National Park was opened this morning for the tourists. The Park was closed for 3 months since from Might 1 for the breeding of saltwater crocodiles. “Because the ...
READ MORE
‘JHOTI, CHITA AND MURUJA’ ARE THE THE SYMBOLS OF TRADITIONAL ODIA CULTURE
Women all over India practice their Traditional Odia Culture of decorating the house walls and floors by Jhoti, Chita and Muruja and various patterns. These folk arts are believed to bring glory to ...
READ MORE
MOST BEAUTIFUL ‘SANAGHAGARA WATERFALL’ IN KENDUJHAR DISTRICT OF ODISHA
The Sanaghagara Waterfall is a beautiful waterfall of the Kendujhar district in the Indian state of Odisha.”Sanaghagara” is an odiya word which means ‘small waterfall’. This is one of the ...
READ MORE
Popular Festival ‘Rajo Sankranti’ Or ‘Mithuna Sankranti’ Of
One Of The Popular & Famous Festival ‘Konark
One Of The Famous Temple Of Odisha ‘Loknath
One Of The Most Popular & Interesting Dance
Famous Mahimagadi Or Mahima Dharma Joranda Temple of
Famous Folk Dance Of Odisha: Ghumura Dance From
Famous Goddess Kamakshidevi Temple At Kamakshyanagar, Dhenkanal Of
Famous Crocodile Reserve Of Odisha ‘Bhitarakanika National Park’
‘JHOTI, CHITA AND MURUJA’ ARE THE THE SYMBOLS
MOST BEAUTIFUL ‘SANAGHAGARA WATERFALL’ IN KENDUJHAR DISTRICT OF

Leave a Reply

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