Odisha got investment proposal worth Rs 13.66 lakh cr | india | Hindustan Times
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Odisha got investment proposal worth Rs 13.66 lakh cr

india Updated: Mar 15, 2012 13:31 IST

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Claiming that Odisha had been able to attract investment proposals worth Rs 13,66,822 crore by January 2012, the state government said it was taking special initiatives to further improve the industrial climate in the region.

"According to data available from the Government of India's Department of Industrial Policy & Promotion (DIPP), Odisha has attracted the highest investment proposals in comparison to other states," industries minister Raghunath Mohanty informed the assembly.

Giving details of the state government's initiatives, Mohanty said besides facilitating investors to set up industries in the state through Odisha Industries Facilitation (OIF) Act, 2004, Industrial Policy Resolution-2007 and MSME Development Policy-2009, the minister said steps were being taken for setting up of SEZs, IT Park, Bi-Technology Park, Industrial Park, Ancillary Downstream Park and others.

"We are also taking steps for improving rail and container for better transportation and develop ports for smooth import and export activities," he said.

This apart, the minister said that plans were on to set up Petroleum Chemical and Petrochemical Investment Region (PCPIR) and Special Investment Region (SIR).

The government was also giving priority to improvement of technical education in the state in order to meet the demand of skilled workforce for the upcoming industries, he said.

The minister also pointed out that the state government had signed MoUs with 29 companies for investing Rs 1,67,369 crore in the power sector.