To boost the MSME sector and create self-employments for youths, the State Government is now formulating a new Entrepreneurship Development Policy which would be launched in February 2016.
Sources said Chief Secretary AP Padhi, while reviewing activities of the MSME Department recently, asked the MSME Department to revive the Institute of Entrepreneurship Development (IED) for helping out new entrepreneurs and expedite the policy formulation process.
He asked to chalk out definite strategy and roadmap to promote 1.5 lakh enterprises in the State in next four years with employment opportunities for four lakh youths.
As per records, 32,938 MSMEs have been promoted till date generating employment opportunities for over one lakh youths.
MSME Secretary Gagan Kumar Dhal made a power point presentation which targets to promote 34,000 enterprises during 2015-16, 36,000 in 2016-17, 38,000 units in 2017-18 and 42,000 units 2018-19.
The Chief Secretary asked the department to come up with definite roadmaps for establishment of mega and mini food parks.
Similarly, he stressed setting up of MSE(micro and small enterprises) industrial estates in each district.
He reviewed the MITS Mega Food Park at Rayagada and Mega Sea Food Park at Deras in Khodha district, which are under implementation. Padhi enquired about the promotion of 20 food and agriculture processing parks for which land have been identified.
It was stressed to make the OSIC commercially viable and implement the Odisha Youth Innovation Fund Scheme.