Odisha Chief Minister Naveen Patnaik has taken a major step in boosting the state's industrial sector. He recently performed the ground breaking for 17 industrial projects worth Rs 1,448 crore through the virtual mode, and inaugurated two projects in Cuttack district that were set up with an investment of Rs 202 crore.
These projects are expected to provide employment opportunities for 4,500 people across sectors like plastic, seafood processing, manufacturing, tourism, IT, pharmaceuticals, and steel downstream. The investment intent for these projects was received during Make in Odisha Conclave 2022.
Speaking on the occasion, the Chief Minister said that Odisha has emerged as a major manufacturing hub in the country for sectors ranging from metal and minerals to chemical & petrochemicals and food processing, among others. He emphasized that the state has shifted from a resource-dependent, mineral-based industrial development to more rapid, broad-based, and inclusive economic growth across diverse sectors.
Patnaik assured providing required support to the investors looking to explore Odisha as a potential investment destination and also provide the best of opportunities for its people to grow. He added that his government has always endeavoured to provide a hassle-free and prompt business environment for the investors in Odisha.
The Make in Odisha Conclave – 2022 held last year was an outstanding success, as the event was attended by business leaders and industry delegates from different sectors across the country. The event could attract investment intentions of Rs 10 lakh crore to Odisha.
The Chief Minister further stated that the vision of his government is to enable faster conversion of investment intents to grounding and provide unmatched facilitation and support to industries. This step is expected to create a favorable environment for businesses and encourage more investments in the state, which in turn will lead to job creation and overall economic growth.
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