Bhubaneswar: Odisha must carve out a significant place in the financial services market emphasised Law Minister Prithviraj Harichandan during the second edition of the Money Matters conclave, organised by the digital platform News Room on Friday.
Speaking at the event, experts stressed that raising awareness of financial services in Odisha could lead to substantial growth, similar to that seen in other states. Currently, Odisha contributes less than two percent to the stock market, while states like Maharashtra and Tamil Nadu dominate, accounting for over 60 percent of the market share.
Priyadarsi Bal, National Head of Marketing at Pace Stock Broking Services, urged investors to take advantage of the growing opportunities in the stock market.
Minister Harichandan, who attended the conclave, expressed confidence that Odisha would soon emerge as a leader in economic progress.
He highlighted the government’s ongoing efforts to increase the income of citizens through various welfare schemes.
On Cuttack, Harichandan added, “It is our collective responsibility to improve Cuttack. Our government is committed to restoring the city’s former glory and driving its development forward.”
The Minister also reflected on the previous administration, which was marked by a lack of transparency and limited public outreach.
In contrast, the current government is focused on working closely with the people. He assured that strict penalties would be imposed on chit fund companies, and that investors who contributed up to ten thousand rupees would receive compensation.
Barabati-Cuttack MLA Sofia Firdous, present at the event, spoke about the numerous opportunities in Cuttack.
She emphasised the importance of job creation, as well as improvements in education and healthcare.
BJP leader Jatin Kumar Mohanty highlighted the increase in employment opportunities alongside the city’s growing population.
Swami Sudhananda Saraswati, who also attended the conclave, spoke about the importance of social responsibility. He stressed that true happiness does not stem from wealth, but from inner peace and contentment.
Cuttack Mayor Subhash Chandra Singh noted that Cuttack, a city with a thousand-year history, has seen significant development in recent years. He emphasised the city’s role as Odisha’s largest market and stressed that there is still much more to be done.
The conclave also featured key figures from the business world, including Binod Dash, Chairman of Synergy Group; Susanta Kumar Panda, Managing Director of Bharat Masala; and former IRS officer Sambit Tripathi. The event was hosted by News Room Chief Editor Manoranjan Mishra, who guided the discussion.
