Make In Odisha Conclave 2016; More than Rs2100 crore Investment Proposals in the Food Processing Sector
A seminar on Investment Opportunities in Food Processing Sector in Odisha was held today at Janata Maidan under the aegis of Make-in-Odisha Conclave. Shri Jogendra Behera, Minister, MSME Department, Government of Odisha attended the seminar as Chief Guest. Welcoming all to the Make In Odisha Conclave he said that it’s a Landmark day for Odisha and the MSME Department. Minister extended a red carpet welcome to all the entrepreneurs and corporate business houses with an enabling policy environment and support from the department for manufacturing in Odisha. His address highlighted the Investor friendly policy environment with Industrial Policy Resolution, MSME, Start up, Food Processing are in place for promoting ease of doing business and development of infrastructure for food processing in the State. Investments to the tune of INR 5000 Crore are envisaged in the coming 3 to 5 years. Attending the Seminar as Guest of Honour, Shri Debi Prasad Mishra, Minister of Industries and School & Mass Education Department, Government of Odisha, emphasised the current Eco-system and the thrust being provided for Food Processing in the state of Odisha. His address mentioned that Equipment Manufacturing for Food Processing is an untapped market to be captured and International players from Italy are very interested in this sector. He said that this is a beginning of a long journey of growing and manufacturing in the food processing sector and welcomed the industry and assured hassle free facilitation post the conclave Shri L. N Gupta, Principal Secretary, MSME Department, Government of Odisha presided over the Seminar. While coordinating the Seminar he welcomed all and addressed the gathering by highlighting the immense potential of growth and employment in the Food Processing Sector in Odisha. Food Processing is one of the priority sectors under IPR 2015 and the Food Processing Policy 2016 is unveiled to boost and give a fillip to the sector in the state. He mentioned about the current food produce and the eco-system of the state. Shri Gupta highlighted the objectives of the Food Processing Policy, 2016 which is to provide required infrastructural and institutional support and fiscal incentives to boost value addition in the sector. The Government shall facilitate establishment of Mega Food Parks/Sea Food Parks under Mega Food Park Scheme of Ministry of Food Processing Industries, Government of India. State Food Parks are proposed at strategic locations namely Deogarh, Bhadrak, Bargarh, Nawrangpur, Ganjam. Sri Gupta said more than Rs 2100 crore investment proposals have been received as of now and it is likely to grow upto Rs 3000 crores within next 3 years. Capital investment subsidy will be provided @ 25% and @ 35% of capital investment made in Plant & Machineries in food processing sector and in P&M for setting up of Cold Chain, Value added products etc. respectively. The State shall provide clearance to projects under the Single Window Clearance system. Government shall also facilitate development of common infrastructure at Food Processing Clusters by availing grants under various Government of India schemes. Financial assistance will also be provided for Creation of Infrastructure facilities for running Degree / Diploma / Certificate Courses in Food Processing Technology and conducting Entrepreneurship Skill Development Programmes. Mr. Ashish Bahuguna, Chairperson, Food Safety and Standards Authority of India (FSSAI) stressed on the need to avoid post-harvest wastages, need for food safety to protect the life and health of consumers. He also said that the food industry and the regulatory machinery have to work together with consumer groups and reach out to all constituents of the food chain. Mr. Piruz Khambatta, Chairman & MD, Rasna Ltd. appreciated the State Govt. for such a proactive approach and lauded the Make In Odisha Conclave. He called upon SMEs to set up food processing units in Odisha as eastern India is a major market. FMCG growth rate of eastern India is double the growth rate of western India. He informed that a special fund of Rs. 2000 crores has been created in NABARD for providing affordable credit/term loan to entrepreneurs for setting up of food processing units in designated food parks, support for technology upgradation/ modernisation of parks under the special fund. He also mentioned that there is a huge market opportunity for Organic products such as Milk, castor oil, value addition products, banana fibre, egg powder, shrimp farming etc. Industry Speakers Mr. Srikumar Misra, CEO & MD, Milk Mantra, Gautam Sharma, MD, Indo – Nissin Foods, Mr. Sriram Panda, MD, MITS Food Park, Mr Ramesh Mohapatra, Managing Director, Magnum Sea Food highlighted the present opportunities and the Eco-system of food processing in the state of Odisha. Sri Rangalal Jamuda, Chairman, Food Commission and Sri B.P. Sethi, Secretary, Fisheries & Animal Resources Development also spoke on the occasion. A total of 10 nos. of MoUs were signed today i.e. 02.12.2016 with leading firms such as Mayank Aquaculture Pvt. Ltd., Aussco India Marine Pvt.. Ltd., Aquaviva Indotech. Ltd., Sabri Food Products Pvt. Ltd., Falcon Marine Exports Ltd., Magnum Seafood Ltd., Aquawave Biotech Pvt. Ltd., Odisha Aqua Traders & Marine Exporters Pvt. Ltd., OVAD Aqua Ventures and Manas R. Mangaraj. The total investment would be to the tune of more than Rs. 2000.00 crore in the field of establishment of hatcheries, fish feed plants, shrimp processing plants, multiplication centres, farming, cold storage and aerator manufacturing units. It is estimated that there will be an employment generation of around 17,000 individuals when the projects would be in operation. Investment intentions of INR 150 Crores from the Industry were received during the Seminar. Around 300 delegates from industrial houses across the country were present in the seminar.