Odisha CM launches 19 industrial projects of Rs 2,675 crore

Bhubaneswar: The Odisha government on Monday performed groundbreaking ceremony for 12 new industrial projects and inaugurated seven projects. The projects envisaged an investment of Rs 2,675 crore.

The state had bagged investment intents for these projects at the ‘Make in Odisha’ conclave, a showpiece investment summit in December in 2016.

Chief Minister Naveen Patnaik conducted the second groundbreaking ceremony via video conferencing at the Odisha State Secretariat.

In the aftermath of the Make in Odisha Conclave 2016, the first groundbreaking ceremony was held in November 2017 for 15 manufacturing units which grounded investments worth Rs 11,690 crore with scope to generate 8,187 jobs.

“The Make in Odisha Conclave in 2016 was an important milestone in our journey of industrial development and helped generate investment intents in diverse sectors, other than the traditional areas of mines, metals and energy,” said the Chief Minister.

“To ensure that the investments intents received during the conclave are converted quickly, my government has worked with a dedicated focus to ensure that all required support such as land, utilities and Departmental clearances are made available to them expeditiously.

I am also delighted to inform you that 2 of the projects for which groundbreaking took place on Nov 16, 2017, have been inaugurated today and will go into production in a little over 6 months. This underscores our position as the Number 1 state in India in terms of investment implementation rate,” he added.

With the objective of attracting 2.5 lakh crore of fresh investments and generating 30 lakh job opportunities as part of Naveen Patnaik’s Vision – 2025, the Government of Odisha is diversifying and broadening the state’s industrial development across the focus sectors.

Odisha’s investor-friendly policies and the development of world-class infrastructure have received very positive feedback from investors across the country as the State has been able to create an ideal business ecosystem for various sectors to flourish in the state.

Over the last 3 years, the State Government has embarked upon the implementation of a Business Reforms Program to make it easier for companies to set up and operate in the state following which Odisha has been recognized as a ‘Leader’ in terms of implementation of business reforms with 92.73% score in the Ease of Doing Business Report of 2016.