Odisha’s Seafood Park rolls out pink carpet for processors, exporters 

The Industrial Promotion and Funding Company of Odisha Ltd (IPICOL) has arrange a first-of-its-kind specialised Seafood Park at Deras in Bhubaneswar for processing marine merchandise and exports, its Managing Director Bhupendra Singh Poonia has mentioned. 

As Odisha has large potential in freshwater fisheries, IPICOL plans to arrange the same park within the western a part of the State. “Wherever the trade calls for, we offer every kind of services as we speak. Another park is within the pipeline,” Poonia informed businessline in a web-based interplay.

The seafood park at Deras, set as much as make the most of the 480 km shoreline of the State, is strategically situated to leverage ample marine assets and proximity to main ports for “environment friendly” import of uncooked supplies and export of completed seafood merchandise, he mentioned. 

 Bhupendra Singh Poonia, Managing Director, Industrial Promotion and Investment Corporation of Odisha Ltd

Bhupendra Singh Poonia, Managing Director, Industrial Promotion and Funding Company of Odisha Ltd

Creating the sector

The park will present state-of-the-art infrastructure, expertise and help providers to processors, exporters and different associated industries. Stating that marine merchandise are one of many high international exchange-earning sectors within the nation, Poonia mentioned the park supplies employment, primarily to ladies. “The State authorities with the assistance of the Centre is making an attempt to develop the seafood sector additional to earn extra international change. It may assist present extra employment and enhance farmers’ revenue,” he mentioned.  

Three models have already been arrange within the park, launched in 2021, whereas 4 are beneath building. One other 7 are in several phases of getting approval, the IPICOL managing director mentioned. 

The park is located on an space of 90 acres and 14 corporations have taken round 50 acres of land. Relying on an investor’s requirement, one other 20 corporations may be arrange contained in the park’s premises.

Delivery association

The Odisha authorities has an association with the close by Paradip port for container cargo services. Exporters confronted issues earlier because of the lack of such services. The State authorities supplies viability hole funding (VGF) to assist exports from the park stabilise. 

The exports happen inside three hours because the port is nearer to the park. It saves value too. “In any other case, they should journey longer distances which takes time,” Poonia mentioned, including that the State is offering VGF as each liner needs to be assured a minimal quantity to anchor on the port. 

On the park, the Odisha authorities supplies widespread services, together with hostels for employees. “The seafood sector is labour-intensive. So we now have to supply such services (hostel), primarily ladies for his or her security, comfort and well-being. We now have already constructed one hostel however we’re including extra space in order that they are often nearer to their office,” he mentioned. 

Sops for traders

Aside from these, IPICOL additionally supplies good incentives, because the sector is handled as a precedence space as per Odisha’s industrial coverage.  “As it’s handled as a precedence sector, we offer a 20 per cent subsidy for capital funding. Aside from that, we now have all widespread services reminiscent of effluent therapy, chilly storage, block ice, polythene models and packaging models,” Poonia mentioned.

Odisha supplies such incentives to traders functioning in several coastal areas of the State too. “We help, facilitate and supply the identical type of incentives wherever they really feel which might be comfy or it will likely be extra worthwhile for them,” he mentioned. 

One of many options of the park is, by default, over 90 per cent of the workforce is ladies. The State authorities reimburses Worker State Insurance coverage and Worker Present Fund for 5 years in the event that they make use of the native individuals.

Abilities growth

The japanese State has been investing closely in skilling because the emphasis is on coaching a workforce that may be readily employed by future or present traders. Aside from this, if any particular talent is required by the trade, the manpower is educated on the State’s value.

For talent growth, IPICOL has an institutional association with the State’s Division for Talent Improvement and Technical Schooling. It additionally has the World Abilities Centre, which is run with the assistance of the Industrial Technical Institute of Singapore to design modules and supply coaching.  Odisha College of Agriculture and Expertise additionally supplies specialised coaching.  

IPICOL acts a single window clearance for traders. When an investor applies, the company helps them get every kind of approval. On the seafood park, it has already taken many approvals. Therefore, it might be “plug and play” for brand spanking new traders. 

‘After-care’

“At IPICOL, it’s not solely that we invite traders and take purposes. However from end-to-end, even after commissioning, we’re there to assist them if there are any issues. We name it after-care,” the company’s managing director mentioned. 

If any investor faces issues after organising a unit, IPICOL intervenes on behalf of the investor or the trade to get speedy clearance. “It’s a part of ease of doing enterprise,” he mentioned.

Although the park has not been declared a particular financial zone (SEZ), IPICOL will declare an space as SEZ whether it is worthwhile for the investor.

Poonia mentioned the Odisha authorities is dedicated to advertise the seafood sector. It is able to present every kind of help incentives and “end-to-end” handholding wherever traders face issues. “If one thing needs to be modified for the betterment of the farmers, the traders or exporters, we’re prepared to assist them,” mentioned Poonia.



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