Bhubaneswar: In a bid to attract 2.5 lakh crore fresh investments and generating 30 lakh job opportunities as part of Chief Minister Naveen Patnaik’s Vision-2025, the State Government is working towards diversifying and broadening the State’s industrial development across the focus sectors.
The State Government has identified six focus sectors for industrial development to achieve this.
These include ancillary and downstream units in metals, plastics, chemicals and petrochemicals, information technology(IT)/IT enabled services and electronic system design and manufacturing (ESDM), agro and seafood processing, tourism, textiles and apparel, said Finance Minister Shashibhusan Behera.
Speaking at a road show and investors meet at Ahmedabad, the Minister invited industrialists and entrepreneurs from Gujarat to explore growth opportunities in Odisha and invest in the State. Stating that Associated Chambers of Commerce and Industry of India (ASSOCHAM) has ranked Odisha as No. 1 in terms of investment implementation rate, he said the State consistently ranked amongst the top three for manufacturing investments in the country.
The road show was organised in the north western state as part of preparations for ‘Make in Odisha-2018’ conclave. Principal Secretary, Industries Department, Sanjeev Chopra said Odisha’s business friendly policies and development of world class infrastructure have received positive feedback from investors across the country. Over the last three years, the State Government has embarked upon implementation of business reforms programme to make it easier for companies to set up and operate in the State.
Odisha Government is also giving early bid discount to investors on land cost (Rs 10 lakh per acre) to set up units in Angul Aluminium Park while Nalco is giving a discount of Rs 5,000 per tonne on aluminium ingots and Rs 4,000 per tonne on molten metal to downstream industries, he said.