State's industrial overdrive proving a chimera? 301 MoUs signed, 51 fructify in 10-yrs

Bhubaneswar: The industrialisation overdrive by Odisha is yet to germinate on the ground. During the last ten-year period, Odisha Government had inked a whopping 301 MoUs but a mere 51 had started their operations in the State. Moreover, while the investment commitments made have touched over Rs 5.5 lakh crore, the actual realisation till date […]

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Bhubaneswar: The industrialisation overdrive by Odisha is yet to germinate on the ground. During the last ten-year period, Odisha Government had inked a whopping 301 MoUs but a mere 51 had started their operations in the State.

Moreover, while the investment commitments made have touched over Rs 5.5 lakh crore, the actual realisation till date has been mere Rs 46,311 crore. The State has a high of 11 districts that are still reeling under industrial impoverishment.