Taiwan interested in investing in Odisha in non-metal and job-rich sectors such as food processing, electronics, textiles, agri-business, IT hardware, tourism and education
INDUSTRY and INFRASTRUCTURE, INVESTMENTS and INVESTMENT PLANS, Taiwan 1 Comment »Following is an excerpt from a report in Business Standard.
Taiwan … has identified food processing, electronics, textiles, agri-business and IT hardware as the potential areas of investment in Orissa.
… Besides, the nation also intends to build educational tie-ups with KIIT and other premier universities of the state, he added.
"Our objective is to examine the investment potential of Orissa which has been quite successful in attracting investments. We believe that the areas of investment for the Taiwanese companies in the state are food processing, electronics, IT hardware, agri-business and textiles. The companies from Taiwan can explore possibilities of setting up manufacturing facilities for cell phones, refrigerators and computers in the state. Our investments would be relatively smaller compared to the likes of Posco and IBM nonetheless important because of the focus on job creation”, said Ong.
"We are keen on having tie-ups with the universities of Orissa. There is a good potential for collaboration between the universities of Orissa and Taiwan. We are also looking at the possibility of sea food imports from Orissa. Last year, Taiwan had imported $400-500 million of sea food from US, Canada and Australia”, he added.
Ong is scheduled to call on the state Chief Minister Naveen Patnaik on Wednesday and hold discussions on opportunities for the Taiwanese investors in the state.
"We are looking at job generation capacity and the we’ll see how many jobs can be created by the Taiwanese companies in Orissa. However, we are not interested in investing in steel and aluminium sectors”, he stated.
Asked on the visit of the Taiwanese business delegation to Orissa, Ong said, “I’ll go to Taiwan and persuade some Taiwanese companies to visit Orissa. However, the timing of the visit of the delegation from Taiwan would depend on the conducive atmosphere created by the state. Its going to be competition for Orissa with other states where we have already invested”.
Following is an excerpt from a report in moneycontrol.com.
If talks with the chief minister and senior officials yield positive results, a business delegation from Taiwan would soon visit Orissa with concrete investment proposals, he said. There was a lot of scope for cooperation in tourism sector.
Referring to the Buddhist circuit in Orissa, Ong said religious tourism could be tapped in a big way to increase the flow of Taiwanese tourists to the state.
Similarly, collaborations and ties in education, mainly vocational education, would also be explored, he said adding his country had already proposed scholarships for brilliant Orissa students.