The state witnessed robust economic growth of more than
8 per cent in 2014-15 and is poised to grow at 12 per cent by 2020. The government’s efforts in expanding the industrial base and promoting value addition are triggering enhanced industrial growth
Naveen Patnaik |
Chief Minister
Mumbai: The Orissa government on Sunday unveiled the new Orissa Industrial Development Plan 2025 (Vision-2025) with the aim of attracting investment of Rs 2.25 lakh crore and generating 10 lakh jobs by 2025 and catapult the state to a high growth trajectory.
Chief Minister Naveen Patnaik also rolled out the e-biz portal aimed at mitigating problems for investors.
“Vision-2025 lays out a 10-year roadmap for development with transformational policies and strategies and presents a paradigm shift with the government acting as an ‘enabler’ to aid industrial growth. It aims at achieving sustainable manufacturing and employment generation and intends to attract an investment of Rs 2.25 lakh crore in five focus sectors and to generate 10 lakh jobs,” he told business delegations at the Orissa investors’ meet as part of the ongoing Make in India week in Mumbai.
Orissa has had remarkable political stability and a progressive and robust governance system, which are essential to development, in the last one-and-a-half decades, Patnaik said.
The state has made stupendous progress in all socio-economic indicators and is generally peaceful, providing the most ideal environment for investment, he said.
“Now it is emerging as a manufacturing hub on the east coast of India. The state witnessed robust economic growth of more than 8 per cent in 2014-15 and is poised to grow at 12 per cent by 2020. The government’s efforts in expanding the industrial base and promoting value addition are triggering enhanced industrial growth,” said Patnaik.
The Chief Minister said the state’s investor-friendly new Industrial Policy-2015 offers innovative features, including incentives to industries with high employment potential and anchor industries.
The government is also finalising a new “start-up” policy to boost the start-up ecosystem in the state, said Patnaik who dedicated the “Bhubaneswar Start-up Hub”, a 4.5 lakh square ft ready-to-move facility in the state capital. The start up ecosystem will be mentored and guided by TIE Silicon Valley, with which the government has a strategic partnership, the first of its kind in the country.
Patnaik said the e-biz portal would minimise physical interfaces and give approvals online to the investors. Orissa would be the first state where 14 services required by entrepreneurs can be applied for and the applications disposed of online, he said.
The Chief Minister said his government has created a land bank of one lakh acres and has also decided to set up an Industrial Infrastructure Development Fund with an initial corpus of `100 crore. The government has also decided to tap the expertise and experience of the private sector in the implementation of industrial townships and industrial parks with self-contained facilities, he said.
The government shall also encourage the “Swiss Challenge” system in the procurement of key infrastructure initiatives, which will promote innovation and efficiency and tap the inherent potential of the state. IANS