Odisha’s CM, Naveen Patnaik, Unveils Policy For Industries & Startups

To make Odisha one of the top three investment destinations of the country, chief minister Naveen Patnaik unveiled a 10 year ‘industrial development policy – 2025’ at ‘Make in India’. The policy will help the ease of doing business by providing infrastructure, land and some funding.

CM Patnaik said that the new policy will help the state attract an investment of 2.25 lakh Cr. over the next 10 years and create 10 lakh jobs. “It presents a paradigm shift with government acting as an enabler to aid industrial growth. It aims at sustainable manufacturing and employment generation,” added Patnaik.

The state is setting up infrastructure development fund of INR 100 Cr., and has decided to tap the expertise and experience of the private sector for the implementation of industrial townships and parks. “Odisha witnessed a robust economic growth of over 8% last year and expects to grow at 12% by 2020. The government’s efforts to expand the industrial base and promote value addition are triggering economic growth,” said Patnaik.

Patnaik also said that the state had ready-to-use 1 lakh acre land for the industries waiting for appropriate infrastructure.

The state government unveiled several e-governance initiatives at the Odisha state seminar at ‘Make in India’. These e-governance websites look to bring down corruption by reducing physical contact with the bureaucracy, and encouraging transparency by putting out all information on the website.

The common inspection platform online synchronizes inspections of 3 departments, while the e-biz platform helps industries get approval, make payment and seek renewal from 14 state departments online.

In order to aid and encourage startups in the state, Odisha government has roped in home-grown entrepreneur and founder of Oyo Rooms, Ritesh Agarwal, to assist it in formulating the policy. Besides, to boost startup ecosystem and make Bhubaneshwar a startup hub, Odisha will give 4.5 lakh square feet ready-to move facility to startups in the capital city.

Apart from this, at the ‘Make In India’ summit in Mumbai, Japanese ambassador to India, Kenji Hiramatsu reportedly met Naveen Patnaik wherein they discussed on the business opportunities available in the state. Soon after the meeting, the CMO tweeted that Japan would help Odisha in the fields of sanitation, information technology and clean energy.

Welcome to Flash Feed, your essential source for breaking news and innovation from around the web – bite-sized and updated all day.

Note: We at Inc42 take our ethics very seriously. More information about it can be found here.