Home BIG STORY Odisha to set up 38, 000 MSME units, employ one lakh youth

Odisha to set up 38, 000 MSME units, employ one lakh youth


Odisha Sun Times Bureau
Bhubaneswar, Mar 5:

The Odisha government is contemplating to establish 38, 000 Micro, Small & Medium Enterprises (MSMEs) and food parks for development of food processing units in the state.

Naveen BDO Conference

On the sidelines of the launching of the 12th Entrepreneurs’ Week which commemorates the birth centenary of late Biju Patnaik – the legendary leader of Odisha, Chief Minister Naveen Patnaik announced a slew of measures for growth of MSME sector.

The state government proposes development of 10 food parks in the state for development of food processing sector, ten Livelihood Business Incubators in the potential districts for development of livelihood by way of gradation and use of local skill, ten new village Industries Clusters by Odisha Khadi and Village Industries Board, five Food Processing Corridors covering potential districts, besides setting up of 38, 000 MSME units with employment of about one lakh persons.

“Biju Babu dreamt of an industrially developed and prosperous Odisha. Therefore, it should be our endeavour to take Odisha to the top of the industrial map of India which will be a real tribute to the great leader and the doyen of entrepreneurship. The essence of the present celebration is to spread the spirit of entrepreneurship among the youth of the state. The economic development of a state goes hand in hand with its industrial development. MSMEs are important players of industrialisation. It propels the growth of economy and pace of development,” Chief Minister Naveen Patnaik said.

Notably, the state government has taken a number of initiatives to promote MSMEs through policy framework like MSME Development Policy 2009, Odisha Food Processing Policy 2013, Odisha Procurement Preference Policy 2015, and Export Policy 2015 among others. Further, Odisha Youth Innovation Fund has been created to encourage innovation.

“It is my firm belief that the process of industrialisation must be participatory and transparent and it must foster inclusive growth of all sections. I hope that this collaborative effort will ultimately rekindle our heritage of entrepreneurship,” he added.