Make in Odisha Conclave-2022 begins: State eying to attract Rs.6 lakh cr investment

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Bhubaneswar: Odisha Chief Minister Naveen Patnaik has inaugurated the third edition of Odisha’s flagship investors’ summit, Make in Odisha Conclave-2022, at Janata Maidan here. Ambassadors to India from Japan, Norway and Nepal and Consul General of Germany in Kolkata were present during the inaugural ceremony.

Through the conclave, which will conclude on 4th of December, Odisha is eying to attract investment proposals of Rs. 6 lakh crore.

“Odisha is fast emerging as a fulcrum of trade, commerce and industrialization in Eastern India and the Bay of Bengal region. I would request FICCI to promote Odisha as a destination of choice for the investor community through all your channels” the Chief Minister said while addressing the national executive council of the Federation of Indian Chambers of Commerce and Industry (FICCI).

Prior to the inauguration of the conclave, the Odisha Government has approved at least seven different policies to attract investment in the state and boost the economy.

The state Cabinet chaired by the Chief Minister, at its 52nd meeting on Tuesday approved 17 proposals including seven policies.

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The policies which have been approved were Industrial Policy Resolution (IPR) 2022, Odisha Apparel and Technical Textiles Policy-2022, Export Promotion Policy 2022, Odisha Logistics Policy 2022, Odisha Civil Aviation Policy 2022, Registered Vehicle Scrapping Facility Policy-2022,and Odisha Tourism Policy 2022.

The Cabinet has approved Industrial Policy Resolution (IPR) 2022 for next five years. This policy aims to transform Odisha into “Industrial Hub of Eastern India” by promoting industries in thrust and priority sectors of the state.

The Odisha Apparel and Technical Textiles Policy-2022 will boost employment and enhance economic growth in the state. The policy includes incentives like Capital Investment Subsidy, Employment Cost Subsidy and Market Development Initiative.

The Export Promotion Policy 2022 will take Odisha to the league of top five exporting states, achieving an export target of Rs 3.5 lakh crore by 2026-27. The policy provision aims to diversify Odisha’s export basket by facilitating value addition, it said.

The Odisha Tourism Policy 2022 also aims to make the tourism and hospitality sector attractive for investors. The policy promotes sustainable and responsible tourism, and focuses on accelerated development of the tourism sector.

This apart, the Cabinet also approved a proposal for assessment of physical fitness for appointment to various Categories of Group B and C posts, make Odia movie Daman tax free, examination for junior stenographer, junior typist, data entry operator and junior clerks, the note said.

The Cabinet also approved a proposal ensuring a budget of Rs 294.10 crore for post harvest processing of farmers’ produce to augment their income with better marketing facilities.

 

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