Pratisruti Plus – the English fortnightly published from Smart City Bhubaneswar – regularly brings out its annual supplement ‘Odisha Industry’’ during the month of January every year. The supplement has been appreciated globally by our avid readers, industry and all the stake holders as a useful, informative referral book.
The nation is in favour of ‘Make In India’. Digitalisation,Skill development, Infrastructure development. Enactments are being improvised to provide a platform for growth and proliferation of industries. Ease of doing business in India is becoming more conducive for trade and industry day by day. Hopefully, after implementation of GST, India may turn to a manufacturing hub in South-East Asia.
Odisha, the mineral rich state of India is following an aggressive industrial policy and hope to attract fresh investments to the tune of Rs.2.5 lakh crore and generate 10 lakh jobs by 2025 under its ‘Vision 2025.’ The reserve of Coal, Iron Ore, Bauxite and a long coast line with a spread of 480 KMs has so far attracted the mineral based industries to come and invested in the state. Now the state has started focusing on non-metal industries: Plastic and Petro-Chemicals, Textiles and Apparels, Pharma & Biotechnology, Tourism, setting-up of SEZs, Food Processing etc. The list is long backed by a vibrant Industrial Policy Resolution.
The website will vividly cover all the components for modern industry: Land, Skilled Manpower, Capital, Management and Technology, Sourcing of raw materials and Marketing of the finished goods. The portal will broadly deal with present industrial scenario, necessity of large scale Industrialisation for best use of state’s Natural Resources, backward & forward linkages and the MSMEs Planned in Odisha.
The main objective of the portal will be to provide valid information and to motivate the intellectual force to come together and create a congenial environment for industrialization. We provide authentic information on various developmental activities with special reference to Industries. Dissemination of authentic and factual information to public, entrepreneurs, Corporate Houses and all the stakeholders of industry – Large or MSMEs – is our forte. We do not offer our opinion on news items.
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India is considered to be among the top 12 biotechnology destinations in the world and 3rd biggest biotechnology industry in the Asia Pacific region. The Indian biotech industry is seen to have high potential and is expected to grow at a rate of 28% driven by a range of factors such as growing demand, intensive R&D activities and strong government support.
Odisha is being increasingly seen as a favorable investment destination as has been highlighted by various RBI and World Bank reports. The State abounds in biodiversity rich areas such as Chilika lake, Bhitarkanika, Simplipal hills and many more. Odisha has a robust research and education infrastructure in the biotechnology sector such as the Institute of Life Sciences, Bhubaneswar, Regional Medical Research Centre, Regional Plant Resource Centre, National Institute of Science Education and Research and Orissa University of Agriculture & Technology.
The State is developing a state-of-the-art Biotech Pharma IT park over an area of 65 acres in Andharua, Bhubaneswar in a PPP mode with an investment of USD 20 million. This park will house a Biotechnology Incubation Centre spread over an area of 30,000 sq.ft. In a first of its kind in Odisha and one amongst 12 bio-incubators supported by Government of India, the KIIT-TBI Bio-incubator is an initiative to foster techno-entrepreneurship in the field of biotechnology. It provides holistic ecosystem for nurturing ideas into commercially feasible ventures in various areas of life sciences.
Other developments in this sector include development of 2 more biotech parks, one at Khurda district and another Marine Biotechnology park at Ganjam district. In addition to this, a sub-scheme “Germplasm and DNA bank” has been prepared for development of Germplasm and DNA/Gene bank in the State. The Industrial Policy Resolution 2015 accords priority sector status to the biotechnology sector and provides several unique incentives to the investing units.
Agro/ Food Processing
Food industry is a $3.2 trillion industry worldwide. Only 6% of the processed food is currently traded worldwide. However, in the past two decades the global imports have increased at a CAGR of 5.56%, indicating an increase in processed food trading.
India is the 4th largest exporter of all agricultural products. India is also a major producer of grains, vegetables, fruits and animal products. With all these produces, Indian food processing industry is worth $135 billion and is expected to grow at a CAGR of 10%.
Odisha is one of India’s agriculturally rich states. It is one of the largest producer of fruits, rice, pulses and major crops in the country. Odisha has 363,000 hectares of area under agriculture and horticulture, which has been increasing over the years. The state houses a large poultry industry, which is recognized as an agricultural activity. The State has excellent potential in developing value added products from dairy.
With all the available resources, Odisha intends to be a major destination for investments in the agro/food processing sector. The state has identified agro and food processing infrastructure as a priority sector for interventions. As an initial step to encourage food processing infrastructure, the state houses 274,000 MT of cold storage facilities.
Opportunities are abound in the field of rice processing, support infrastructure, vegetable processing and poultry sectors. Odisha welcomes investments in this sector and shall provide ‘single point’ services to the interested investors. Further details and information about the sector and incentives are available in the detailed profile.
India is the fourth largest consumer of crude oil and petroleum products in the world. India is also the third largest producer of chemicals in Asia. The sector has been growing significantly over the past few years.
This can be substantiated by the 400% increase in the value of chemical exports from Odisha over years the last 2 years (2013-14 and 2012-13). PCPIR region in Paradip is being developed as world class infrastructure to provide a conducive business environment and promote and attract exclusive investments in the Petroleum, Chemicals, Petrochemicals and allied sector. It is one of the only four proposed PCPIRs in India and is also located near Paradip, one of the largest freight ports in India, which provides a gate way to all the markets in Indo-China and eastern Asia.
Spread across an area of nearly 68,000 acres and with envisaged investment of USD 43.74 billion in numerous sectors such as Petroleum & Petro-Chemicals Sector, Chemicals & Fertilizers, Ancillary Sectors, Housing & Allied Infrastructure and External Infrastructure and it is one of the largest integrated investment regions in India.
Petrochemical feedstock such as Polypropylene, Mono Ethylene Glycol, Paraxylene-Purified Terephthalic Acid (PTA) Complex and Petcoke Gasification from the refinery can be produced. The Industrial Policy also recognizes the sector as a Priority Sector and will incentivize all investments in this sector.
IT/ITES and ESDM
IT/ITES and ESDM sector is a new industry, changing the face of knowledge economy. With the growing need for IT and hardware solutions across the globe, this sector has seen phenomenal growth in the recent past.
India is one of the major contributors to the international IT services market. The IT industry is expected to grow by 15% in the future and India will be a major software exporter.
Odisha has attracted some of the largest IT companies in India. Bhubaneswar is home to the four largest IT companies in India, TCS, Infosys, Wipro and Mahindra Satyam. The State has created state-of-the-art infrastructure facilities equipped with plug-n-play facilities and abundant power supply to ensure smooth operation of IT sector. Odisha has developed IT specific SEZs to cater to the demand of the sector. Large IT infrastructure initiatives such as Info Park, Info valley, Infocity and IT investment regions are under development giving a fillip to the IT/ITES sector.
Textiles & Apparels
India is among the ten largest exporters of apparels in the world. India also ranks second in cotton and silk production, while leading the world in jute production. India is one of the cheapest countries in terms of cost competitiveness of the materials.
Odisha has a long history of textile industry. The handlooms of Odisha have gained worldwide acclaim and reputation for design and quality. Various designs have existed in Odisha such as Sambalpuri, Bomkei and Berhampuri. Odisha is also famous for its Ikat type of weaving.
Odisha is planning to setup two textile parks to encourage investments in these regions. These are integrated textile parks with common facilities and infrastructure to support the entire value chain in the sector. With abundance of cotton, the parks will have regular supply of raw materials. The State also proposes to setup cotton processing, spinning and weaving, textile and garment plants for investment across State.
India is the second largest producer of seafood in the world with its 8,118 km long coastline. India is also one of the largest exporters of shrimps to the markets of Europe, Japan and US. The exports has also seen an unprecedented 42.6% growth over 2013-14.
Odisha, with its long coastline of 480 km, has setup suitable infrastructures facilities to enable seafood processing such as marine fish landing centers, processing plants, marine crafts, ice plants, cold storages and peeling sheds.
An exclusive Sea Food Park is under development to boost the opportunities in the sector. The Greenfield cluster at Deras houses state-of-the-art common infrastructure for collective processing of seafood products. It houses exclusive common facilities for sea food processing like cold storage, pre-processing center, block ice factory, skill development center, polythene unit, R&D center, etc. It is the only such facility on the east coast of India. With all the required infrastructure and utilities available, this park will provide the necessary base to setup a competitive seafood unit.
Ancilary and Downstream
In India, the metal industry has witnessed an exponential growth. As one of the largest growing economies, India is a major consumer of metals such as steel, stainless steel and aluminium. India is the largest consumer of sponge iron in the world, second largest consumer of stainless steel and third largest consumer of finished steel. India is also the fourth largest crude steel producer and fifth largest aluminium producer in the world.
Odisha with its bountiful natural resources has always been the favorite investment destination in the metals sector. Odisha is the largest Aluminium producing State in the country with 54% of the aluminium smelting capacity. It is also the largest Stainless steel producer of the country and has 20% of the Steelmaking capacity of India.
With all the available resources, Odisha has huge potential for ancillary and downstream industries in the metal sector. The Government has been pro-active and pushing the envelope to come up with an array of Investment regions and Industrial Parks such as the Kalinganagar National Investment and Manufacturing Zone, Downstream Aluminum Park at Angul, Downstream Steel Park at Angul, Stainless Steel Industrial Park at Kalinganagar, etc. The industrial parks would have committed feedstock from the mother plants in the vicinity and world class infrastructure with enabling ecosystem.