Home ECONOMY Odisha targets Rs 1.73 lakh cr investments by 2019-20

Odisha targets Rs 1.73 lakh cr investments by 2019-20


Odisha Sun Times Bureau
Bhubaneswar, Jul 24:

The Odisha government has set an ambitious target of attracting investment worth Rs 1, 73,000 crore in different sectors and aims to generate more than three lakh jobs by 2019-20.

chief minister nabin patnaik reviewingactivities of IPICOL at secretariat

The state will soon have a new industrial policy while a special policy is being prepared for development of ancillary industries, it was revealed at a meeting held here at the state secretariat to review the activities of state-owned industrial promotion body IPICOL.

The meeting chaired by Chief Minister Naveen Patnaik broadly discussed the industrial development programmes for the state—Vision 2019.

The meeting emphasized the development of value added industries and its ancillaries and employment generating, labour intensive industries.

The Chief Minister advised officials to make the single-window system more effective and functional.

The Chief Minister directed IPICOL to regularly monitor the status and progress of projects which have been given approval.

To encourage setting up of industries in industrially backward areas of the state, the Chief Minister directed IPICOL to come out with a special policy incentive system.

In order to attract more investments to the state, the government planned to participate in national and international events and organize road shows, open investors’ facilitation cell in IPICOL and organize global investors’ meet.

The Chief Minister will henceforth hold monthly reviews of industrial progress in the state.