New Industries In Odisha & Bihar Can Boost Employment With Less Cost Amid Corona Pandemic: Experts

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The COVID-19 crisis has brought the country’s economy to a halt. While the distressed industries are facing it difficult to manage their cash flows, this has caused a spike in the unemployment rate in the country.

With no means to sustain their livelihood, the pandemic has forced the migrant labourers working in various global supply chains in different states to return to their home states.

Since many labourers would now avoid traveling to different states for work, this would lead to a huge burden on the states to channelize their workforce and boost employment, a report in Economic Times suggests.

Despite these tough times, states like Odisha and Bihar could set-up new industries which would not only boost the employment but also increase the demand for services, say experts.

Many economists believe that, states like Bihar, Odisha and Jharkhand have land, abundant water resources and are now getting its migrant population back. This could easily give the industry a head start followed by a cost-benefit analysis, wherein the costs of setting-up factories would be less.

Besides this, the industrialists could solve the problem of capital only if the state governments are interested to leverage this opportunity and relax various laws related to investments and setting-up new businesses. They would pay even more if the states can ensure adequate availability of power, which is responsible for the smooth running of industrial operations.

While many industries are looking to leverage the Bay of Bengal in the eastern region, therefore, more industries in those states could also ease the burden on western seaboard. The move could also help the central government in converting the Ganga into an industrial transport corridor, the report further explains.

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2 Comments
  1. Raj Mishra says

    Whoever has written this article really need a reality check. Companies don’t want to invest in Bihar or Odisha or even Jharkhand. The reasons are very clear
    1. Land acquisition is worst, even follow corruption at ground level. Land Mafia are dominant as in case of keojhar mines
    2.skilled labour.
    3. Govt intention: just take the case of now lots of company wish to leave India. Odisha govt was supposed to give data about how much land is available they are stilll under progress but 11 states submitted
    4. Odisha faces MLA raj. U can’t do anything without satisfying them
    Etc etc etc etc and I can go on and on…

  2. Raj says

    Whoever has written this article really need a reality check. Companies don’t want to invest in Bihar or Odisha or even Jharkhand. The reasons are very clear
    1. Land acquisition is worst, even follow corruption aut ground level. Land Mafia are dominant as in case of keojhar mines
    2.skilled labour.
    3. Govt intention: just take the case of now lots of company wish to leave India. Odisha govt was supposed to give data about how much land is available they are stilll under progress but 11 states submitted
    4. Odisha faces MLA raj. U can’t do anything without satisfying them
    Etc etc etc etc and I can go on and on…

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