Political Times

Naveen performs ground breaking for 18 new industrial projects

Chief Minster and Biju Janata Dal (BJD supremo Naveen Patnaik has apparently stepped on the gas on industrialisation in Odisha. Each day, we see the leader inaugurating or laying foundation stone for new projects, promising jobs galore.

So when Patnaik conducted the ground breaking for 18 new projects Tuesday, the message was unambiguously clear. He wishes to set the record straight and put Odisha in a leading spot in the country’s industrial map. Earlier, Patnaik has faced a barrage of criticism for going slow on industrialisation and MoUs (memorandum of understanding) failing to bear fruit. But the past three years have demolished the perception of Odisha being a laggard state in industrial progress. A revamped Industrial Policy Resolution (IPR) and a suite of investor friendly reforms that ensued have turned the tables. The alacrity at which Odisha converts industrial intents into firm commitments and the pace of implementation has startled peers like Gujarat and Maharashtra.

Three months after staging the grand Make in Odisha conclave, its second edition, in November last year, the state government flagged off the 18 new industrial projects worth Rs 2196.3 crore, generating employment for 3465 people.

“Odisha’s vision is to become the Manufacturing Hub of the East. Through Vision 2025 for industrial development, we had devised an action plan to bring more manufacturing investments across the State to provide higher employment opportunities to our people. My Government is working towards ensuring that the investment intents get converted into actual investments. We witnessed groundbreaking of 14 new projects and inauguration of another 4 industrial projects today. I am happy to note that GO-SWIFT, the online single window portal has received 600 industrial project applications in just over 14 months, which translates to almost 2 new proposals for industrial projects every working day during this period in the State.This is an incredible achievement for the State and I congratulate all the concerned Departments who have made this possible”, Patnaik said.

Notably, food processing including seafood received a significant boost with 6 projects witnessing inauguration/groundbreaking thereby grounding investments of INR 672.39 crore. In another important development, two aluminium downstream units had their groundbreaking done at the Angul Aluminium Park (a JV between state-owned IDCO and aluminium major Nalco Angul) which was a first in this industrial park’s short history. Angul Aluminium Park is the only such downstream aluminium park in the whole of South Asia and its USP is that direct molten metal shall be provided by Nalco whose plant is nearby.

With the objective of attracting 2.5 lakh crore of fresh investments and generating 30 lakh job opportunities as part of Patnaik’s Vision – 2025, the Government of Odisha is diversifying and broadening the state’s industrial development across the focus sectors. Odisha’s investor-friendly policies and the development of world-class infrastructure have received very positive feedback from investors across the country as the state has been able to create an ideal business ecosystem for various sectors to flourish in the state.

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