Odisha aims at an influx of INR 5, 000 crore through investments
Odisha is looking for strategic investments worth INR 5, 000 crore in the public infrastructure segment, through carefully tailored partnerships between the government and private players.
Odisha chief minister Naveen Patnaik has set a target of INR 5, 000 crore with regard to investments in the public infrastructure space in the state. This will be done through a system of PPP or Public Private Partnerships which will be formulated by the government.
According to the chief minister, infrastructural development will definitely help several governmental programmes and schemes sustainable for various socioeconomic sections and also spark greater growth in allied areas. This statement came on the sidelines of the inauguration of a round table meet organized by a noted English daily newspaper. Such an announcement heralds positive opportunities for the real estate and infrastructure sectors in the state and will surely be welcomed by prospective private investors.
While talking of the opportunities and direction for growth ahead, the chief minister set this ambitious target of achieving at least 5, 000 crore worth of investments in public infrastructure throughout the course of the 12th Plan period. He remained dedicated to the fact that the state government was committed towards achieving progressive, sustainable and accelerating economic growth and human development and hence the investment targets. The state government is also focusing on upgrading and boosting infrastructure bases apart from effective public service delivery according to him.
Odisha’s natural resources are rich enough to fuel gargantuan growth according to the chief minister in addition to industrialization particularly in heavy, ancillary and ownstream sectors according to the chief minister. The chief minister also talked about the progressive legislative measures taken by the government to attract investments including the single window mechanism for swifter project knowledge dissemination.
Industry reforms have also been undertaken by the government with regard to infrastructure, industry, social and financial segments throughout the previous decade according to him. These reforms would definitely go a long way towards making Odisha investor friendly and help the state ramp up its public infrastructural development measures.
Source:
The Economic Times
Industry, Infrastructural development, infrastructural development measures, Infrastructure, investments in public infrastructure, public infrastructure, Public private partnership (PPP), social
