Home ECONOMY Odisha Govt reviews proposals of over Rs 1 lakh cr

Odisha Govt reviews proposals of over Rs 1 lakh cr

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Odisha Sun Times Bureau
Bhubaneswar, May 11:

Minister for Industries and Housing & Urban Development Niranjan Pujari today reviewed proposals of investment in 62 projects of over Rs 1,00,000 crore from across the globe at the second inter-ministerial committee meeting held in Odisha capital.

The State Government reviewed the proposals and set up an inter-ministerial task force committee to emphasize on the ground implementation of the approved projects.

The State Government had received 124 Investment intents worth Rs 3, 64,864 crore during the Investors’ Meets held at Mumbai, Bengaluru and Bhubaneswar last year. Out of these 124 intents proposals, 62 project proposals (i.e. 50% of the intents) have been received by the State Government.

This is one of the highest rates of conversion of intents into proposals amongst all states in the country. Out of 62 received proposals, 49 have already been cleared by the State Level Single Window Clearance Authority in less than four months period.

“Odisha has received significant investment proposals for sectors such as food processing, petrochemicals, chemicals and plastics, infrastructure & logistics, renewable energy, tourism and healthcare which will lead to further development of the state and will provide employment opportunities to the local residents.  The intent of the State Government is to diversify and broaden the industrial development in various focus sectors in line with the Vision-2025 set out by the Chief Minister,” Sanjeev Chopra, Principal Secretary, Industries Department said.

The Committee discussed and emphasized on the ground level implementation of these projects in a time bound manner. The Committee shared during the review meeting that more than 15 industrial projects are expected to have their ground breaking and inauguration in coming 3 to 4 months.

Niranjan Pujari highlighted the importance for setting up of world-class industrial infrastructure facilities for the investors in the state. He mentioned that the implementation of progressive reforms will make setting up businesses at ease and will make their operations work in an effective and efficient manner in the State. He further stated that Government will showcase the establishment of employment intensive industrial units in the state and will reach out to more investors and will educate them about the competitive advantages of the Odisha State emerging as the ‘Manufacturing hub of the East.’