Odisha MSME sector registers progress despite coronavirus onslaught

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Bhubaneswar: The Odisha MSME sector in the state has done fair progress despite the adverse situation of coronavirus pandemic.

Principal Secretary Satyabrata Sahu, who has recently joined the department, said the Odisha MSME wing is registering success under the direction of Minister Captain Dibya Shankar Mishra.

The review meeting said the loan target has been increased to 35 percent from the existing 8 percent in July. The Mega Food Park at Deras has been sanctioned Rs 15 cr and Rs 20 cr for development of MSME Park of IDCO.

This apart the IDCO Tower has been constructed in Dhenkanal at a cost of Rs 38 cr. The MSME sector has taken up training activities for bamboo and coir work.

Of the 651 start-up units, 140 belong to women entrepreneurs and they are being provided with adequate assistance to carry on their business smoothly.

A joint team is currently reviewing the possibilities of making the Paradip port self-reliant on the export of seafood abroad instead of depending on Visakhapatnam and Kolkata ports. The state is exporting fish worth Rs 3086 cr.

The loan scenario of MSME units at the district level has improved after the district collectors were impressed upon to do the needful.

Captain Mishra has advised the small scale industries of the state to increase its business from the existing Rs 550 to Rs 750 cr. The emphasis was given on the deals relating to iron rods and coaltars. The review of the Khadi Board was also done.

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