New Industry Policy by yr-end in State

  • 27/07/2014

  • Pioneer (Bhubaneswar)

11 new industrial estates planned The new Industrial Policy Resolution (IPR) 2014, Corporate Social Responsibility (CSR) and Special Economic Zone (SEZ) (IPR, 2014, CSR and State’s own SEZ) policies for the State will be announced by the end of this year, informed Industries Minister Debi Prasad Mishra on Saturday in the Assembly. He added that the State will also implement the Odisha Special Region Act soon. The Minister presented the proposals of the Government for formulating IPR, 2014, CSR and State’s own SEZ policies giving details of investment for projects. The Minister said that as per RBI report in September 2013, Odisha emerged as the hottest investment destination for new projects with committed share of 27 per cent of all investments across the country. Contribution of industry sector to the Gross State Domestic Product (GSDP) in real terms was 25.16 per cent in 2012-13 which is set to rise to 25.40 per cent by FY 2013-14, despite global economic slowdown, disruption and other problems in mining activities, he added. The Minister stated that the State has attracted investments in sectors like Alumina and Aluminium, Auto Ancillary, Cement Coal to liquid, Food Processing, Ferro products, Paper and paper products, Petroleum and petro-chemicals, Power, Steel including pelletisation. As a result, the State has been able to attract investments from 238 projects with investments of `8 lakh crore by March this year. The Minister further stated that the State has planned to create a long term roadmap for industrial development for the periods 2015-2022. Besides, online project monitoring mechanism for investment projects in the range of `100 crore to `1000 crore will be made. To have database of employment status, a dedicated portal will be hosted on IPICOL website for collection and updation of data related to employment both direct and indirect in different industries in the State. The Industries Minister also informed about setting up of 11 new industrial estates, Sea Food Park at Deras, Aluminium Park at Anugul, Plastic and Polymer and allied Cluster Park at Paradip, Electronic Manufacturing Cluster (EMC) Hardware Park in Bhubaneswar, Common Rail Corridor for Talcher and Ib Valley, National Investment Manufacturing Zone (MIMZ) at Kalinga Nagar, Commercial Trade Zone and World Trade Centre in Bhubaneswar. Besides, Odisha Special Investment Region Act will be formulated. Based on the development of Dhamra Port and upcoming LNG Terminal facility by IOCL there, the Government is contemplating to develop a Special Investment Region over 10,000 acres of land, he added.