Post News Network
Bhubaneswar, Feb 12: As investment climate becomes hyper competitive in the country, the state government is pinning its hope on the upcoming Orissa Investors’ Meet, which will be held in Mumbai from February 14, to attract more global investments into the state.
During the meeting, Chief Minister Naveen Patnaik will hold one-to-one meetings with many industry bigwigs from India along with delegations from Japan, China and other countries.
Industries Minister Debi Prasad Mishra said, CM will launch a Common Inspection Framework along with investment related integrated services on the e-biz portal as part of the ease of doing business initiatives.
Currently, the department is in the process of simplifying policy and guidelines with regard to industrial growth and the new IPR -2015 is one such resolution in this direction. The policy provides a variety of sops like concessional land, VAT reimbursement, electricity duty exemption among others to attract mega investment in the state, the Minister said. Sources said that the move is a part of state government’s vision plan 2019-20, which has set a target to attract new investments to the tune of Rs 1.73 lakh crore in the industrial sector with creation of more than 3 lakh jobs.
The main objective of the meet is to project the business ecosystem prevailing within the state and highlight the reforms undertaken by the government to facilitate business growth. During the meet, the state will also unveil the Industrial Development Plan: Vision 2025, he added.
