Bhubaneswar: Odisha is the second most preferred investment destination in the country after Maharashtra said a recently released Centre for Monitoring Indian Economy (CMIE) report.
Odisha has attracted Rs 20.1 lakh crore worth of investments in FY 2023 compared to Rs 27.6 lakh crore investments attracted by Maharashtra during the same period.
Odisha is followed by states like Gujarat followed by Andhra Pradesh, Karnataka, Tamil Nadu, and Uttar Pradesh. Next to Odisha is Gujarat with Rs 19.4 lakh crore and Andhra Pradesh with Rs 17.6 lakh crore.
The CMIE data is testimony to the fact that Odisha is proving itself as one of the best destinations in the country for investment opportunities and the ongoing transformative efforts of the Government of Odisha led by Chief Minister Naveen Patnaik are bearing fruits.
It is worth mentioning here that recently released an investor’s guide that explains the ease of doing business and the process for setting up an industry in Odisha in a step-by-step manner.
The guide acts as the single point of reference for the functioning of the single window clearance system, the process of starting an industry in Odisha, clearances/approvals required in the pre-commencement stage of the industry, the process for renewal of licenses, inspection processes, and grievance redressal mechanism. The guide also highlights the novel reforms undertaken by the State Government to improve the investment climate.
The document provides guidance to prospective investors regarding the processes of registration, approvals, allotments, and applications for setting up an industrial establishment in the state.
