Odisha CM Naveen Patnaik urges industrialists to plan long-term investment strategy

Published: 12 November, 2018 15:14 IST | IANS | Bhubaneswar

He urged them to deliberate upon the vast opportunities that Odisha offers and to work together towards developing the state as a manufacturing hub of South Asia

Naveen Patnaik
Naveen Patnaik

Odisha Chief Minister Naveen Patnaik on Monday asked industrialists to plan a long-term strategy for investing in the state over the next 10 years.

"Dedicated teams will be appointed by my government to handhold the implementation of your long-term plans. I assure you of unmatched facilitation support," the Chief Minister said while speaking at the second edition of the Make in Odisha Conclave.

He urged them to deliberate upon the vast opportunities that Odisha offers and to work together towards developing the state as a manufacturing hub of South Asia.

Patnaik also highlighted Odisha's enormous opportunities and investment potential.

"Odisha is a leading state in terms of mineral production and processing. Odisha is, today, the aluminium capital of South Asia, accounting for well over half of the country's production, and is also the steel hub of India, contributing to about a quarter of the nation's steel production," the Chief Minister said.

The state government has launched the Odisha Industrial Development Plan: Vision 2025 with a target of attracting investment of Rs 2.50 lakh crore and creation of 30 lakh job opportunities in six identified focus sectors by 2025.

A progressive Aerospace and Defence Manufacturing Policy has also been launched to capitalise on the competitive advantages of Odisha's existing eco-system to attract investment in this high potential sector.

Targeting port-led development, Patnaik said the government has been planning a chain of ports along the East Coast Economic Corridor.

"Apart from Paradip and Dhamra, we are developing deep-water ports at Subarnarekha and Gopalpur, a riverine port on Mahanadi river and a chain of 12 other non-major ports," said the Chief Minister.

He also announced that a world-class infrastructure - an 18-storeyed World Skill Centre - has been built in Bhubaneswar.

Odisha Skill Development Authority will manage the World Skill Centre with technical support from ITEES, Singapore.

The Centre will function as the centralised hub with all 71 Government ITIs as spokes for implementation of the Odisha Skill Development Project - an ambitious Rs 1,400 crore project.

More than 1 lakh people will be trained in the next 4 years under this project, according to Patnaik.

Since 2014-15, more than 2 lakh MSMEs have gone into production providing employment opportunities to over 6 lakh people, he said.

"We are setting up a greenfield Electronics Manufacturing Cluster and are also developing other facilities to provide an enabling environment to support electronics manufacturing and ICT industries.

"Odisha is the first State to rope in TiE, Silicon Valley, US, for investing in the ESDM and IT sector," the Chief Minister said.

Catch up on all the latest Crime, National, International and Hatke news here. Also, download the new mid-day Android and iOS apps to get latest updates

This story has been sourced from a third party syndicated feed, agencies. Except for the change in the headline, the story has been provided "AS-IS," "AS AVAILABLE, without any verification or editing from our side. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.

Sign up for all the latest news, top galleries and trending videos from Mid-day.com

loading image
This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK