Bhubaneswar: 11/11/2019:The two-day summit on Global Chemicals & Petrochemicals Manufacturing Hubs in India was held at Mumbai today was inaugurated by Union Minister of Chemicals and Fertilizers DV Sadananda Gowda.
Odisha Industries Minister Captain Dibya Sankar Mishra, and Mekapati Goutham Reddy, Andhra Pradesh Industries, Commerce, Information Technology Minister attended the summit as major speakers.
Addressing the gathering, Odisha Industries Minister Captain Divya Shankar Mishra, stated that Chemical & Petrochemicals are one of the major priorities in the state of Odisha.
Mr. Hemant Sharma Commissioner-cum-secretary, Industries/MSME made a presentation on petrochemicals and chemicals ecosystems in Odisha highlighting as to how Odisha is the most favourable investment destination in the country. Stressing that all PCPIRs were in a collaborative approach, the real competition is with China, Vietnam and Singapore. He said that Odisha enjoyed a competitive advantage in terms of low manpower costs, conducive power tariffs and low cost of living. Naturally endowed with coal, bauxite, and chromium, Odisha is an ideal investment destination and with a revenue surplus budget which is well suited to address the concern of the industries.