March 2020 \ Business & Investment \ BUSINESS AND GOVERNANCE
Pradhan, Odisha CM discuss Japanese investment in steel sector

Union Steel Minister Dharmendra Pradhan ...

                                             Mr Naveen Patnaik

“Japanese technological expertise and investments will further strengthen the steel sector in Odisha and drive socio-economic growth,” he said.

Patnaik said the state government is now focusing on encouraging value addition in steel and stainless steel so as to achieve at least 50 per cent value addition by 2030. In this context, he proposed Japanese investment in the sectors such as automobiles, food processing, chemicals and petro-chemicals. He also made an offer for an exclusive Japan Industrial cluster and township near Bhubaneswar for which the state government would provide all the necessary facilitation. The Chief Minister urged Suzuki to consider making Japan the country partner for Make In Odisha Conclave 2020 also.

Japan had been the country partner for Make In Odisha Conclave 2018. The Chief Minister expressed hope for wider and deeper engagement between Odisha and Japanese industries in the coming years.