1. Naveen Patnaik says Odisha to be a top 3 ‘startup hub’; gets Rs 1 lakh cr investment at Bengaluru meet

Naveen Patnaik says Odisha to be a top 3 ‘startup hub’; gets Rs 1 lakh cr investment at Bengaluru meet

Odisha is going to be one among the top three 'start-up hubs' in the country by 2020, chief minister Naveen Patnaik said on Friday.

By: | Bhubaneswar | Published: August 27, 2016 6:23 AM
Naveen Patnaik was addressing the Odisha Investors Meet in Bengaluru. The state received investment proposal of nearly R1 lakh crore at the meet. (PTI) Naveen Patnaik was addressing the Odisha Investors Meet in Bengaluru. The state received investment proposal of nearly R1 lakh crore at the meet. (PTI)

Odisha is going to be one among the top three ‘start-up hubs’ in the country by 2020, chief minister Naveen Patnaik said on Friday.

Patnaik was addressing the Odisha Investors Meet in Bengaluru. The state received investment proposal of nearly R1 lakh crore at the meet.

Launching the Odisha Start-up Policy 2016 at the Odisha Investors’ Meet in Bengaluru, the chief minister said, “The policy lays down the initiative activities that we plan to undertake to develop a world class start-up hub in Odisha and an ecosystem to facilitate at least 1,000 start-ups in next five years.”

Drawing the attention of the potential investors at the meet towards the state government’s 10-year action plan for the development of five focus sector, the chief minister disclosed that the state government is going to announce dedicated sectoral policies for auto & auto components, health care and pharmaceuticals, plastics, chemicals & petro-chemicals,textiles & apparel, and renewable energy by the end of this year.

Patnaik said master planning of the Infovalley, National Investment & Manufacturing Zone (NIMZ), Kalinganagar, Petroleum, Chemicals & Petrochemicals Investment Region (PCPIR),Paradip, will be unveiled in next three months.

The state industries minister, Debi Prasad Mishra, said that investment promises of over R90,490 crore crore have been announced in the meet. The investments would generate employment opportunity for about 70,000 persons. Stating that over 66 companies have expressed their keenness to invest in the state at the Meet, he said while the JSW has proposed to set up a 10 million tonne steel facilities in the state with an investment of R50,000 crore, the NLC Ltd (Neyvalley Lignite Corporation), has committed to invest R24,000 crore in power plant, coal mines in the state.

The investments would generate employment opportunity for about 70,000 persons. Stating that over 66 companies have expressed their keenness to invest in the state at the Meet, he said while the JSW has proposed to set up a 10 million tonne steel facilities in the state with an investment of R50,000 crore, the NLC Ltd (Neyvalley Lignite Corporation), has committed to invest R24,000 crore in power plant, coal mines in the state.

 

  1. K
    Kshitish
    Aug 27, 2016 at 3:19 am
    Good news indeed, execution should be faster!!
    Reply

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