The seafood industry is poised to get a
massive boost with the state run Odisha Industrial Infrastructure Development
Corporation developing the seafood park at an expense of Rs 134 crore.
Meanwhile Odisha has received proposals
worth Rs 466 crore for the setting up of processing units at Seafood Park at
Deras near the state capital here.
The state government has already allotted
required land to 20 interested farms, official sources said adding that the
state run Odisha Industrial Infrastructure Development Corporation is
developing the seafood park at an expense of Rs 134 crore.
On the basis of committed investments, the
seafood park will process 90860 MTPA of sea food and will generate 7214
employment opportunities, they said.
The state government has received very
encouraging response in terms of investments for the Seafood Park from
companies across the country. We are confident that the state-of-the-art
facility at the Seafood Park and Odisha’s investor friendly policies will set
new benchmarks for the sector, said industries secretary Sanjeev Chopra.
Among the major companies which have
already committed investments are Falcon Marine Exports Ltd, Magnum Seafoods
Ltd, Utkal Exports and Vizag-based Coastal Corporation Ltd. Falcon Marine
Exports will set up the largest sea food processing unit with a capacity of
37,000 MTPA of sea food and provide 4060 employment opportunities.
Located at a distance of about 20 kms from
the state capital of Bhubaneswar, the seafood park is well-connected to
domestic, national and international markets.
Spread over 152 acres of land, the project
has been approved under the Mega Food park scheme of the Union ministry of food
processing industries and will comprise of 41 processing units, Chopra said.
The project will provide plug and play
infrastructure and access to common facilities like devices for cold storage,
pre-processing and post-processing facilities, ice plant, packaging, polythene
unit and a research and development facility.
According to the norms of the state
government, a financial assistance of up to 20 per cent of the project cost
(excluding cost of the land) subject to limit of Rs 15 crore will be provided
to special purpose vehicle (SPV) which will promote sea food park.
The subsidy can also be provided in the
form of equity participation through IDCO or Odisha Small Industries Corporation
Odisha’s coastline of 480 km is rich in
seafood resources and the state government is keen to utilize the full
potential of the sector.
According to the Fishery Survey in India,
the fisheries potential of Odisha is 513,667 million tonnes per annum (MTPA).
Odisha’s proximity to South-East Asian markets and increasing demand in Japan
and Europe will further aid the development of sea food sector in the state,
With the increasing global demand for
seafood, India has already become the 11th largest exporter of seafood in the
world. The Odisha government has set up a target of reaching Rs 20,000 crore
seafood exports annually in the next five years from the present level of Rs