Odisha unveils Vision-2025 targeting Rs 2.25 lakh cr investment, 10 lakh jobs

MUMBAI: Odisha chief minister Naveen Patnaik on Sunday unveiled new Odisha Industrial Development Plan-2025 (Vision-2025) intending to attract an investment of Rs 2.25 lakh crore and generate 10 lakh jobs.

He also unveiled the e-biz portal aimed at easing business hassles for investors at Odisha investors’ meet as part of the ongoing Make in India week in Mumbai.

“The Vision-2025 lays a 10-year roadmap for development with transformational policies and strategies and presents a paradigm shift with the government acting as an “enabler” to aid industrial growth. It aims at achieving sustainable manufacturing and employment generation and intends to attract an investment of Rs. 2.25 lakh crores in five focus sectors and to generate 10 lakh jobs,” said the chief minister addressing the business delegations here.

He said the state, which has a remarkable political stability, is emerging as a manufacturing hub on the east coast of India.

“The state witnessed a robust economic growth of over 8% in 2014-15 and is poised to grow at 12% by 2020. The government’s efforts in expanding the industrial base and promoting value addition are triggering enhanced industrial growth,” said the chief minister.

He said the government has recently launched an investor friendly new Industrial Policy-2015 that offers innovative features including incentives to industries with high employment potential and anchor industries.

He said the government is finalising a new “start-up’ policy to boost the startup ecosystem in the state.

To provide a fillip to the startup ecosystem, the chief minister dedicated the “Bhubaneswar Start-up Hub”, a 4.5 lakh square ft ready to move facility in Bhubaneswar.