As part of its industrialisation policy, the Odisha government on Wednesday announced that it will provide 30 acres of land in 30 days of application, 50 acres of land in 50 days and 100 acres in 100 days. The announcement was made during CM Naveen Patnaik’s inauguration of the Conclave on Wednesday.
Investments in the priority sector and thrust sectors will receive 20% and 30% subsidies respectively, informed the state government.
The plenary session on Day 1 of the summit saw 67 investment intents amounting to a total of Rs 5,85,742 crore, exchanged between the delegates and the government. The investment intents have the potential to employ 2,47,892 persons in Odisha, informed Hemant Sharma, Principal Secretary of Odisha Industries Department.
“Minerals, metal, ancillary and downstream of metal sectors received the lion’s share of intents in the Conclave,” Sharma added.
Inaugurating the Conclave, CM Naveen Patnaik assured the investors that the government will run the extra mile to make them comfortable in Odisha.
Patnaik said, “We offer you better than the best. Our new industrial policy provides the support and incentives which are beyond the best in the country.”
“Odisha is a major force in the field of mining and mineral-based industries. The State has attracted major investments in Steel and Aluminum projects and will emerge as the global hub in these sectors by the turn of this decade,” he asserted.
“Odisha is destined to become a trillion-dollar economy in the near future. We will emerge as the gateway to East and South East Asia," he added.
(Reported By Kapilendra Pradhan, OTV)