Odisha Targets More Than 50% Value Addition In Domestic Metal Produce

Bhubaneswar: Odisha government is aiming for more than 50% value addition to the metal produced in the State for downstream development. The State government will be soon coming up with a vision document in this connection.

“My government is coming up with a vision document which aims at more than 50 percent value addition to the metal produced in the State for downstream development” revealed Odisha Chief Minister Naveen Patnaik in his inaugural address at 22nd Enterprise Odisha 2019 organized by the Confederation of Indian Industry (CII) at the Exhibition Ground here today.

Patnaik exhorted large industries as well as MSMEs (Micro, Small & Medium Enterprises) to work together in developing a robust downstream ecosystem in the State which can lead to immense employment opportunities as has been envisaged in Vision 2030 for downstream development.

The Chief Minister informed that focusing on 5Ts-Transparency, Technology, Time and Team-Work for achieving Transformational goals, the State government has taken up several proactive business-friendly measures to create an industry-led ecosystem of value addition, sustainable employment generation and revenue augmentation for the State.

Patnaik pointed out that the State government has promulgated progressive and sector-specific policies with special emphasis on inclusiveness in enterprise development with dedicated incentives for women, scheduled castes, scheduled tribes and differently-abled entrepreneurs while adding that State government’s focus has also been on the development of enabling industrial infrastructure in relatively less industrially developed districts.

Patnaik called upon young entrepreneurs to avail maximum benefits from the State government’s flagship initiatives such as ‘Skilled in Odisha’and ‘Start-Up Odisha’. He added that ‘Start-Up Odisha’ targets to emerge Odisha amongst the top 3 Start-Up Hubs by 2020.

The Chief Minister said that the ‘Make In Odisha Conclave 2018’, the State government’s flagship investor outreach initiative was an overwhelming success with investment intent of more than Rs 4lakh crore and added that 91 proposals have been already approved and these projects are at various stages of implementation.

Industry biggies participating in the four-day-long event are NALCO, Vedanta, Gupta Power, Aditya Birla Group, MMDC, Metro Group, SNM Group of Companies, NTPC, and PPL.

Naveen Patnaik, Chief Minister, Odisha

Dibya Shankar Mishra, Minister, MSME, Odisha


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