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Odisha Government Planning to Develop Vision 2030 for Downstream Industries

Odisha would focus on creating enabling infrastructure to reduce logistics cost for the industries in future

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Vision 2030 for development of downstream industries was presented highlighting the key role of primary metal manufacturers in the state. Wikimedia Commons

The Odisha government is developing a Vision 2030 for downstream industries to achieve more than 50 per cent value addition to the primary metal produced in the state, said Industries Minister Dibya Shankar Mishra on Thursday.

Addressing more than 60 steel manufacturing companies, the Minister said that Odisha provides an unparalleled conducive ecosystem for the steel industries to expand their manufacturing facilities.

An interactive meet held on Thursday with the steel manufacturers of the state to discuss the vision of achieving 100 million tonne per annum (mtpa) capacity of steel production in Odisha. Vision 2030 for development of downstream industries was presented highlighting the key role of primary metal manufacturers in the state.

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Odisha would focus on creating enabling infrastructure to reduce logistics cost for the industries in future. Wikimedia Commons

Highlighting the facilitation and aftercare framework set up by the government to handhold the industries, Industries secretary Sanjeev Chopra said that over the past two decades, the state government has focused on manufacturing of value added products in the state.
He said that the state would focus on creating enabling infrastructure to reduce logistics cost for the industries in future.

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Odisha Industrial Infrastructure Development Corporation (IDCO) chairman and managing director Sanjay Singh said the government has created land bank of more than one lakh acres for quick allotment so as to enable large scale investments. He also highlighted unique initiatives being taken up to provide industry-ready skilled manpower for all industries setting up in the state particularly in the steel sector. (IANS)

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Reliance Industries (RIL) to Bring Tiffany & Company to India

Commenting on the partnership, Tiffany's Executive Vice President of Sales, Philippe Galtie, said: "As a global luxury jeweller with stores in many of the world's most important cities

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Tiffany in a statement said that it wants to open stores in Delhi in the second half of the financial year 2019-20, and in Mumbai during the second half of the next fiscal. Pixabay

Mukesh Ambani-led Reliance Industries (RIL) is set to bring Tiffany & Company to India, as RIL-arm Reliance Brands and Tiffany have announced a joint venture to open stores of the US-based luxury jeweller in the country.

Tiffany in a statement said that it wants to open stores in Delhi in the second half of the financial year 2019-20, and in Mumbai during the second half of the next fiscal.

Commenting on the partnership, Tiffany’s Executive Vice President of Sales, Philippe Galtie, said: “As a global luxury jeweller with stores in many of the world’s most important cities, Tiffany’s emergence in the Indian commerce centers with their growing luxury consumer presents a unique opportunity.”

Tiffany & Co, which was founded in 1837 by Charles Lewis Tiffany in New York City, has over 320 stores in more than 25 countries across the world.

Reliance, Industries, Tiffany
Mukesh Ambani-led Reliance Industries (RIL) is set to bring Tiffany & Company to India, as RIL-arm Reliance Brands and Tiffany have announced a joint venture to open stores . Pixabay

Darshan Mehta, President and CEO of Reliance Brands, said: “Tiffany needs no introduction in India, it is iconic and timeless. We look forward to bringing Tiffany’s renowned jewellery collections and superlative collections to India.”

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The tie-up comes as another major development for the company after Reliance Brands acquired the iconic British toy retailer Hamleys in July for a cash consideration of 67.96 million pound sterling. (IANS)