Focus On Time-Bound Conversion Of Investment Intents Received During Make In Odisha Conclave

Bhubaneswar: The Odisha government on Tuesday asked  district Collectors to draw up an action plan for a year for strategic industrial development and investment facilitation.

The direction was given at a session on the topic “Odisha – India’s Leading Investment Destination” conducted by the Industries Department as part of the Senior Officers’ Conference 2023.

The primary agenda of the session was to draw an action plan for achievement industrial development – “To transform Odisha into a modern and advanced industrial state by offering the investors outstanding opportunities for sustainable business growth and to foster holistic socio-economic development of the people.”

The session was graced by Industries, MSME and Energy Minister Pratap Keshari Deb, Revenue & Disaster Management Minister Pramila Mallik, Excise Minister Ashwini Kumar Patra and senior officers.

The session noted that the government has developed large Industrial Land Banks and world-class industrial infrastructure across the state. The recently released Industrial Policy Resolution 2022 is expected to provide the necessary impetus for attracting new industrial investments to the state. The state’s focus now is on further improving the ease of doing business and reducing the cost of doing business.

The Principal Secretary Industries spoke about Odisha’s growing attractiveness for industrial investors, and also elaborated on the need and means for time-bound conversion of the investment intents received during the Make in Odisha Conclave’22.

Further, Angul and Jagatsinghpur Collectors shared their experiences from conducting District Investment Promotion Events and appreciated the contribution of the District Investment Promotion Agencies (DIPA) in enabling district level industry promotion and facilitation.

Further, all district Collectors have been directed to prepare a 12-months action plan in consultation with the concerned government departments for strategic industrial development and investment facilitation at the district-level.

A combined effect of these initiatives is expected to bring large-scale investments and mass employment potential to the state, the meeting felt.

The state is set to emerge as an Investment Destination of Choice in the country. This will help the government in achieving the objectives of making Odisha the industrial hub of Eastern India and also a trade and commerce gateway to South and East Asia.