French busi­nesses show in­ter­est in in­vest­ing in Odisha

The Gulf Today - Business - - REGION -

BHUBANESWAR: A French busi­ness del­e­ga­tion led by Alexandre Ziegler, Am­bas­sador of France to In­dia, on Satur­day met Odisha Chief Min­is­ter Naveen Pat­naik to ex­plore in­vest­ment op­por­tu­ni­ties in the state.

The Chief Min­is­ter re­quested the French com­pa­nies to in­vest in the state and par­tic­i­pate in the sec­ond ‘Make in Odisha con­clave’ sched­uled to be held in Bhubaneswar from Nov.11 to 15.

The del­e­ga­tion said that since Odisha has the ap­pro­pri­ate en­vi­ron­ment for fi­nan­cial in­vest­ment, France will put in ef­forts to boost com­mer­cial ties with the state.

France has ex­pressed its in­tent to in­vest in the ho­tel, steel, elec­tri­cal ap­pli­ances, en­ergy and other sec­tors, said a state­ment from the Chief Min­is­ter’s Of­fice.

In­form­ing that Odisha has now be­come an at­trac­tive des­ti­na­tion for in­vest­ment, the Chief Min­is­ter said a so­cio-eco­nomic and com­mer­cial bond can be es­tab­lished be­tween In­dia and France with in­vest­ments in Odisha.

He said Odisha is the alu­minium cap­i­tal of South Asia ac­count­ing for over 54 per cent of the coun­try’s pro­duc­tion.

“By pro­duc­ing 54 per cent of alu­minium in the coun­try, Odisha has been termed as the alu­minium cap­i­tal of South Asia. Sim­i­larly, the coun­try’s 25 per cent steel is pro­duced in Odisha. Thus, the state has earned fame as a steel hub,” said Pat­naik. He said Odisha has its Vi­sion-2030 for the de­vel­op­ment of down­stream and an­cil­lary in­dus­tries in the metal sec­tor.

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