The Global Initiative for Restructuring Environment & Management (GIREM) announced the signing of an MoU with the Bhubaneswar Development Authority (BDA) to showcase the potential of Bhubaneswar and create a favourable image among the investor community as one of the most preferred business destinations in India.
BDA Town & Regional Planning Member Dr Pitabasa Sahoo signed the MoU with GIREM President Shyam Sundar S Pani in the presence of Minister of Housing & Urban Development Debi Prasad Mishra. The salient features of the MoU includes identifying and creating eco-socio-economic hubs in Bhubaneswar for creating economic and social activity and designing an integrated township ‘South City’ in the Bhubaneswar Developing Future Economic Zone between Cuttack and Bhubaneswar.
It also aims at promoting and marketing of the hubs and city as a whole, creating one lakh direct IT jobs and five lakh indirect and induced jobs in Bhubaneswar in general and the new township in particular.