Odisha Leads In Investment Implementation Rate: CM

Bhubaneswar: Chief Minister Naveen Patnaik on Monday said Odisha is the number one state in the country in terms of Investment Implementation Rate.

Through a video conferencing here at the State Secretariat, as many as 19 industrial projects were launched. Out of which, the Chief Minister performed the ground-breaking ceremony for 12 new industrial projects and inaugurated seven projects through video conferencing.

Patnaik said two of the projects for which the ground-breaking ceremony was organised on November 16, 2017, were inaugurated on Monday and would go into production in about six months time.  It is a remarkable achievement of the State Government in terms of investment implementation rate, he added.

“Odisha has a vision of becoming the most preferred investment destination in the country. Towards that end, we have devised the Odisha Industrial Development Plan Vision 2025 to set up more manufacturing industries in focus sectors with an investment of Rs 2.5 lakh crore, generating employment for 30 lakh people,” the Chief Minister pointed out.

Expressing happiness over the significant business reforms brought in by the State Government to assist the industries to set up and operate in a conductive and investor-friendly environment, Patnaik said the Industries Department has leveraged the 3Ts framework of Transparency, Teamwork and Technology to develop the GO SWIFT portal, which is first-of-its-kind in the country, providing facilitation to industries across the investment lifecycle.

“The Go Swift portal has been a huge success and it recently received the 200th application in a record time of six months. I am confident that this portal will redefine G28 interface and set a new benchmark in the country,” he asserted.

He also said the Make in Odisha Conclave in 2016 was an important milestone of the State Government in its journey of industrial development which helped generating investment intents in diverse sectors, other than the traditional areas of mines, metals and energy. To ensure that the investment intents received during the conclave are converted quickly, the State Government has worked with dedication to provide all requisite support to the investors expeditiously.

The Make in Odisha Conclave 2018 will be organised between November 11 and 15 this year, informed the CM. He also called on all the government departments to come together and make this year’s conclave a grand success.

Finance Minister Sashi Bhusan Behera, Industries Minister Ananta Das, Chief Secretary, Development Commissioner, Principal Secretary, senior officers and representatives of various industries were present, among others.