Bhubaneswar, Aug 26: For placing Odisha among the top three investment destinations in the country by 2020, the new start-up policy was approved by the state cabinet recently that aims to see 1, 000 start-ups in the state in the next five years. The Chief Minister Naveen Patnaik today would uncover the Odisha Start-up policy (OSP) – 2016 at the investors’ meet.
According to information, in today’s meeting, the CM would hold a discussion with investors and along with this, he will release the master plan regarding the Info Valley project which will be built at Bhubaneswar.
To assist the State in vocational and skill development training of youths, the state government would sign a MoU with Wadhwani Foundation.
The CII and Odisha and Karnataka government have jointly organized the two-day meet. On its opening day, a discussion of top officials of the State Industries, IT departments and concerned ministers with 42 companies’ representatives was held. Reportedly, Rs 25,000 crore will most likely be invested by a Navratna Public Sector undertaking (PSU), Neyveli Lignite Corporation (NLC) in Odisha.
As per sources, through this investment, the NLC aims to build a 2000 MW thermal power plant, a 500 MW solar Power plant and coal mining processing plant.
The CMD of NLC, Sarat Acharya said that, the clearance regarding the land and water for the 2000 MW thermal power plant should be given as soon as possible by the State government for the construction work to start.
Likewise, Rs 2,000 crore is likely to be invested by another Central Public Sector Unit, Bharat Electronics Ltd (BEL) for setting up a solar plant project in Bolangir.
Notably, the State government organized the two-day Odisha investors’ meet that began in Bengaluru on Thursday, in an attempt to encourage investments in sectors like manufacturing, IT, electronics, petrochemicals, food processing and tourism.
