Odisha gets INR 1 lakh crore of new investment during Covid-19 pandemic
Odisha attracted a new investment of INR 1 lakh crore across various sectors like healthcare, renewables, steel, aluminium, and food processing.
Navin Patnaik, CM of the state of Odisha stated during his address at the Annual Conference of FICCI, that even during these tough times of the COVID-19 pandemic, Odisha has been able to attract new investment of INR 1 lakh crore in many sectors.
In terms of attracting investments during April-September 2019, the state of Odisha has ranked at number one and poised to continue this leadership position, Patnaik added.
He also mentioned that Odisha is developing rapidly as a manufacturing hub in East India and listed a range of measures taken by his government to promote industries and investment in various industries. He added that the state has also developed a dedicated land bank with one lakh acres of land on a GIS-based platform for easy site selection for industries.
He informed that in recent times, new industrial projects were launched in the state across various sectors ranging from healthcare, renewable energy, steel, and aluminium to food processing. Now the government is targeting ancillary and downstream sectors for specific sectors such as metal sectors.
He pointed out that “In major industrial regions we are working to add more value such as Angul and Jharsuguda for aluminium downstream and Kalinga for steel downstream, while Paradip is being developed as a hub for chemicals and petrochemical industries.”
He said that as part of the government’s initiative to reduce the regulatory burden on industries, new end-to-end online systems for more than 30 government services have been developed by various departments of the state.
Patnaik added that the timeline for services was also induced by the State under the Right to Public Service Act to ensure that the delivery of the services is speedy.
