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Odisha showcases investment potential at investors’ meet

Fri, 28th Jul 2017 (Source:The Hindu)

The Government of Odisha, which held a two-day investors’ meet in Visakhapatnam, on Thursday said it was overwhelmed by the response from the investors in the city to set up projects in the neighbouring State.

Odisha’s State Single Window Clearance Authority recently approved a proposal from the city-based Coastal Corporation Limited to establish a unit at the seafood park at Deras with an investment of ₹51 crore and job opportunity for 300.

A team of officials from Odisha, led by Principal Secretary, Industries, Sanjeev Choptra, and Chairman and Managing Director of Odisha Industrial Infrastructure Corporation (IDCO) Sanjay Singh explained to the prospective investors the investment opportunities in the State.

They gave details on ease of doing business and a land bank of one lakh acres being created for hassle-free allotment to the industrialists. During the interactions, the officials promised single window clearances for the investment proposals.

They said that during the ‘Make in Odisha’ and investors’ meet held in Mumbai and Bengaluru in 2016, they had received firm commitment for investment of ₹3.64 lakh crore, of which 124 proposals worth ₹2 lakh crore were at various stages of implementation.

Speaking to reporters on the sidelines of the meet, Mr. Gupta said: “We are pleased to receive such warm welcome from the vibrant business community of Andhra Pradesh. Odisha’s business-friendly policies and the development of world-class infrastructure have secured a positive feedback from investors across the country.”

Stating that they obtained 92.73% score in Ease of Doing Business Report of 2016, he said they were seeking investments in minerals, tourism, food parks, logistic and infrastructure projects.

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