tinder the able leadership of our Honbie Chief Minister Shri Naveeri Patnaik our State is on the move with the economy on a higher growth trajectory. During 2016-17, the State registered GSDP growth rate of 7.94 % surpassing the national growth rate of 7.1 % and is poised to reach a double digit growth of 12 percent by 2019-20.lndusthal development in the State is contributing significantly (o the growth of the Stale. Our efforts arc to ensure more rapid, broad based and inclusive economic growth through sustainable industrial development in the State. The State has been recognized as the No. I State in terms of attracting live manufacturing investments in the country and continues its dominance as a preferred investment destination in the country.
Long term roadmap for Industrial development— Vision 2025
To broad base and diversify the industrial development in the State, a long term roadmap has been developed identifying 6 focus sectors:
. Agro and Food Processing
. Ancillary and Downstream in metal sector
. Chemicals Plastics and Petrochemicals
. Electronics Manufacturing and IT
. Textiles and Apparel
Hon’ble CM has set a vision to attract investments worth Rs. 2.5 lakh crore in these focus sectors and generate employment for 30 lakh citizens by 2025.
New, attractive Industrial Policy in place
A new Industrial Policy 2015 was promulgated along with the detailed guidelines for operationalization of the policy provisions. The Industrial Policy provides for a number of attractive fiscal and non-fiscal incentives to support the industries and provides emphasis on employment generation, value addition in the metal sector and infrastructure creation. The policy has received extremely positive feedback from the investor community across various sectors. In the run up to the Make in Odisha Conclave last year, a number of sectorial policies were promulgated in the State including a) Pharmaceuticals Polky, b) Apparel Policy, c) Start-Policy, d) Healthcare Investment Policy, e) Food Processing Policy, f) Biotechnology Policy. The Industries Department assisted in preparation of these sectorial policies thereby creating an attractive policy ecosystem In the State for diversified sectors.
Significant Improvement in the business ecosystem
Over the last 3 years. the State Government has embarked upon implementation of a business reforms program to make it easy for companies to set up and operate in the State. The State has been recognized as a ‘Leader’ in terms of implementation of business reforms with 92.73%score in the assessment score last year. The Odisha Industries Facilitation Act (Rules) were amended to further strengthen the institutional mechanism for project approvals. This has resulted in robust Single Window System operations in the state and enabling mechanism to fast track complex projects. State Level Facilitation Cell (SLFC) has been set up where officers from concerned Departments are deputed to IPICOL to facilitate and hand-hold new Investors and resolve any grievances of the existing investors in the State Issues of 148 projects have been resolved in 87 number el meetings of the SLFC. During the past 3 years, the Single Window Clearance Autftoríty in the State has approved ‘102 projects with investments worth Rs, 1,67284.63 crore and employment potential of 1.12,532 jobs. The Siate ¡s committed to approve ‘Greens category projects within 15 days and ‘Other’Category projects within 30 days. Post the amendment of Odisha industries Facilitation Act (Rules), the average time taken for disposal of applications by the State Level Single Window Clearance Authority has been brought down to 20 days. Timelines for 42 services concerning different approvals and clearances have been included under the Odisha Right to Public Services Act, In tune with the changing times, a number of new technological interventions, as follows, have been introduced to reduce the physical interface of the investors with Government and provide seamless service to the investors . Central inspection framework ( available on cicg.invetodisha.org) to simplify and ynchronize the inspections of industries. The State Central Inspection framework has been recognized as a best practice by the Government of India.
- b. Government of Odisha’ Industrial Portal for Land Use and Services- GO PLUS (available on gis.irivestodisha.org) to provide easy access to information on available industrial land and available utilities in the State. Earlier this year. GO ¡PLUS won the prestigious ‘Geospatial World Excellence Award 2017’ for best application of Geospatial Technology in Land Services
- Automated Post AlIotment Application (available on portal idco.in) to provide quick post llotment services to industrial units which have leased land from IDCO,
- d. lnfo wizard(Available on www .investodisha.org and Invest Odisha Mobile App) to provide detailed information about applicable approvals and available incentives etc. Dissemination and information camps have been organised in various districts to inform the investors regarding the new initiatives and reforms undertaken by the State Government. Sirrsiar camps will be organised across the State ¡n the coming months.
World-class industrial infrastructure facilities
New world-class industrial infrastructure facilities have been set up across the State in the form of 4 investment regions arid various sect-specific Industrial clusters. Master planning of National Investment & Manufacturing Zone, Kaliriganagar, Dhamra Port- based industrial region arid lnfo valley have been completed. Master planning for PCPIR, Paradip is underway and will be completed in the next 3-4 months .Plastics Park at Paradip, Sea Food Park at Doras, Electronics Manufacturing Cluster at Info valley and Aluminum Park at Angul are now ready for investments. Furthermore, new clusters are being developed in the vicinity of Bhubaneswar at Chattabar, Jayamangal, Ramdaspur, Mundamba & Lahanga to meet the investor requirements. In-principle approval for inclusion of the State in the East Coast Economic Corridor has been received. This will further spur industrial development in the State and generate employment opportunities for the citizens.Land bank of more than 100,000 acres has been created across various districts of the State to facilitate hassle-free and quick allocation of larid to the investors. Investor Contact Program Intensive investor contact and reach out program has been undertaken. Road shows have been organized and meetings have been held with various investors at Mumbai, Bengaluru ,Hyderabad, Kolkata, Chennai and Delhi to highlight the competitive advantages of the State asan investment destination and to showcase the diverse investment opportunities available in the State. Last year. the Stale also organised an Ambassadors Meet in New Delhi where 30Ambassadors! representatives of foreign missions participated to discuss collaboration .
opportunities with the State
A new Invest Odistia brand identity has been rolled out to showcase the new opportunities in the Slate. More than 200 ready4o-invest projects have been identified and new investment promotion collaterals have been developed to showcase the potential of the State and attract investment. Project profiLes have also been developed for downstream industries in steel, stainless steel, aluminum and plastic sectors to facilitate new entrepreneur’s arid investors. Investor Meets and Make in Odisha Conclave During the 3 Investors’ meets organized at Mumbai, Bengaluru and Bhubaneswar in 2016, the state received 124 investment intents of projects worth Rs. 364, 864 croie — this was the highest amount of investment intent received by any State organizing an Investors’ Meet for the first-time. State successfully organized the V’Make in Odisha Conclave 2016’ which saw participation of leading Industry captains. Subsequently, firm commitments have been received for more than 50% of the intents received — one of the highest and fastest conversion rates achieved by any State. The Single window clearance authority has already declared 81 projects worth Rs. 1,32.222.35 crore for implementation in diversified sectors such as Food Processing, Petro Chemicals. Chemicals and Plastics. Infrastructure & Logistics. Renewable Energy, Tourism and Healthcare. Way forward The Government’s intent is to focus on grounding and implementation of projects on ground. In the coming 2-3 months, groundbreaking and inauguration will take place of more than 10 Industrial projects in various districts across the State. A single window portal is being developed where more than 50 investor services concerning various approvals and clearances by various Departments will be made available online. Two more sectorial policies for Auto and Auto Components manufacturing and Defense & Aerospace manufacturing are under development and will be promulgated in the coming months Our priorities included setting up of new world-class intestinal infrastructure facilities for the Investors in the State, b) implementation of progressive reforms to make it further easy for businesses to set up and operate in the State, c) focus on implementation of projects on ground and generate employment for people of the State and d) reaching out to more domestic and international investors to inform them about the competitive advantages of the State to emerge as the ‘Manufacturing hub of the East’.