Chief Minister Naveen Patnaik on Thursday launched the much-awaited Industrial Policy Resolution (IPR)-2015 with a vision to enhance the share of manufacturing to 15 per cent of the State’s GDP by attracting new investments to the tune of `1,73,000 crore and providing direct employment to about three lakh people.
Patnaik said the policy would provide an enabling framework for ‘Ease of Doing Business’ in Odisha.
The Chief Minister said the policy provides for an initial corpus of `100 crore to provide external infrastructure like power, water and access roads to the industrial clusters. “The Government is making concerted efforts to attract anchor investments in priority sectors which will be extended additional incentives,” he added.
He said the State Government is in the process of creating a large land bank to meet the industrial requirements of future. “Around 10,000 acres will be added to the pool by the yearend, and we propose to have a fairly large land pool readily available for use of industries by next year,” he said.
Patnaik said the State Government has already taken a number of reform measures to attract investments. The timeframe for project approvals has been reduced to 15 days for green category projects and 30 days for other projects. The Government has also introduced a hassle-free inspection regime through a synchronised inspection framework by leveraging IT.
Among others, Finance Minister Pradeep Amat, Industries Minister Debi Prasad Mishra, Chief Secretary GC Pati and Principal Secretary of Industries Sanjeeb Chopra also spoke on the occasion.
Besides the IPR 2015, ‘Invest Odisha’ Mobile application, Invest Odisha website and web-enabled GIS portal for land information system GOiplus were also launched.