The Odisha government has lined up policies launches prior to ‘Make in Odisha’ conclave to be held on December 1 and 2, aimed at attracting investments to the state. The sector specific policies to be launched are: Textiles and Apparel policy, Pharmaceuticals policy, Biotechnology policy, Renewable Energy policy, Healthcare Investment policy, MSME Development policy and Food Processing policy (amendment).

While all the policies will be launched newly, the MSME Development Policy and Food Processing Policy (amendment) will replace the MSME Development Policy-2009 and Food Processing Policy-2013 respectively. The policies are set to be unveiled in October or by early November.

The state has also plans to launch the Tourism policy and Export policy. Efforts are also on to launch a new policy for plastics, chemicals & petrochemicals for the state.

Odisha has prepared a shelf of over 125 projects which it will showcase at the upcoming extravaganza planned in collaboration with the Department of Industrial Policy & Promotion (DIPP).

Such projects are touted as ‘investible projects’ where Odisha would be seeking fresh investments by highlighting the infrastructure. These projects cover an array of sectors- chemicals, petrochemicals & plastics, textiles, healthcare & biotech, agro & food processing, IT & electronics system design & manufacturing (ESDM), tourism, industrial parks, logistics & transport, Smart City projects, energy and investment opportunities for downstream industries in steel and aluminium.

Odisha has been ranked the number one state by Assocham (2016) in terms of manufacturing investments. Its capital city Bhubaneswar was adjudged the number one Smart City in a contest among 98 Indian cities.

Source: Business Standard

Image Courtesy: Bio-economy Research Chair