Bhubaneswar: The Odisha Government organised an investment meet in New Delhi highlighting investment opportunities in the Industries, Electronics and IT (E&IT) and StartUp sectors. The event was attended by representatives from the IT and Electronics industry based in the National Capital Region.
The investment meet is part of Odisha Government’s initiative to connect with potential investors in the lead up to the third edition of the biennial investment conclave ‘Make in Odisha’ (MIO) scheduled from November 30 to December 4 this year.
A string of reforms to ease and facilitate industrial infrastructure and commitment to cut down carbon footprint through distribution of LED bulbs helped Odisha climb up the rankings of Niti Aayog’s Index. The states were appraised on the basis of efforts made to achieving the mandated Sustainable Development Goals (SDGs) by 2030.
According to a recent Niti Aayog report, Odisha is the second fastest mover state with a score of 58. 2019 witnessed Odisha gaining nine points as its score moved up from 51 in 2018.
Hemant Sharma, Secretary (Industries & MSME) said, “Odisha is known to be one of the first state to get the top four IT companies to set up centres on its turf. Our next phase is to ramp-up information technology (IT) and ITes (IT enabled services). In its geographic location, Odisha has many inherent advantages. We have an abundance of rivers and some well-developed ports”.
Speaking at the roadshow, Dr Nitin Jawale, IAS, Managing Director, IPICOL said, “Odisha has progressed industrially and we are at a very good position now. We are expecting further investments in 2020. Recognizing the importance of ESDM the government has announced a special incentive package scheme for the sector comprising subsidy on fixed capital investment for plant & machinery, exemption from Entry Tax on acquisition of machinery and equipment, Training subsidy, etc. We are very hopeful that we will be able to establish ourselves as the premier industrialized state in the country.”
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