Odisha emerging as an ideal investment destination for food processing industry

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With a larger objective of taking local food products with specific brands to the global market, the Odisha Government is giving a major boost to large number of micro unorganized food processing units within the state for development under the PMFME (PM Formalization for Micro Food Processing Enterprises) scheme.  

Addressing a webinar titled ‘Investment Opportunities in Food Processing Sector in Odisha’ jointly organized by the Government of Odisha and FICCI, Mr Satyabrata Sahu Principal Secretary of MSME Department, Government of Odisha said, “Under the PMFME’s ‘One District One Product’ (ODOP) scheme, the state government has identified 30 different products for 30 districts. Each of the district has its unique advantage and each would have its food-based product clusters for promotion of the local food processing industries operating in the organized sector.” 

“In the ‘60:40’ funding pattern prescribed under the central scheme, 60 per cent amount would be borne by the Union Government and rest 40 per cent would be funded by the state government,” informed  Sahu and added that finance would never be a problem for promotion of the local food processing industries in the state. 

He also added that various food products from different districts of the state can now be promoted in global markets with specific branding. “The promotion of micro food processing units run by women SHGs are mostly targeted through the initiative by the state government under PMFME scheme.” 

“Recently, Odisha has been awarded for good fishery producing practices and the state government has earmarked about 6 lakh hectares of land for brackish water shrimp cultivation which would further escalate sea food processing and export in the state,” shared Mr Sahu. 

The four key pillars of food processing industry requirement are ready-to-move infrastructure, a consistent industrial policy framework, political and financial stability and effective industrial facilitation mechanism. Odisha fulfills all four criteria. The food processing sector has huge potential of growth and employment generation. The state has already set up two food parks and some more are in the pipeline, which would provide suitable business environment for the food processing industries.

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