Odisha eyes Rs 2.5 lakh crore investment, create 30 lakh jobs

The Odisha government on Thursday said its “Vision 2025” seeks to diversify industrial development in the state with a target to attract investments worth Rs 2.5 lakh crore and generate jobs for 30 lakh people.

Principal Secretary, Industries, Sanjeev Chopra said this at a meeting in New Delhi held by the state government with trade consulates representing several European countries in the run up to ‘Make in Odisha’ conclave 2018.

The state government delegation led by Chopra said ‘Vision 2025’ aims to get the huge investment in focus sectors like ancillary and downstream in metal sector; chemicals, plastics and petrochemicals; electronics manufacturing and IT; agro and seafood processing; tourism and textiles.

“Owing to the proactive and progressive governance, the state of Odisha is fast emerging as the manufacturing hub of eastern India,” Chopra said, addressing senior officials of various trade consulates and embassies at the meeting.

Stating that Odisha is on a steady path of progress and growing at a rate higher than the national average, he said business-friendly policies and development of world-class infrastructure have received very positive feedback from investors across the globe, an official release said.

Chopra also highlighted the advantages of doing business in Odisha like single window portal, low cost of doing business, dedicated sector-specific clusters and 1,00,000 acres of industrial land bank, among others.

Following the meeting with trade consulates, Odisha government will be inviting several countries from the European Union to participate in the Make in Odisha conclave as partner countries, another senior official said.

The second edition of the flagship Investors Meet of the state government will be organised during November 11-15, 2018. ‘Make in Odisha’ conclave will be part of the meet.

The first edition was held in 2016, which saw the state receive investment intent of Rs 2,03,270 crore across 10 diversified sectors, he said.