Odisha
In a move which will improve rural connectivity within the state of Odisha, the Mukhya Mantri Sadak Yojana (MMSY) will be rolled out by the state government from its own resources. The state government’s plans to roll out the MMSY are chiefly aimed at ensuring proper road connectivity to villages which have a population of [...] Continue Reading »
The project monitoring group (PMG) of the Cabinet Committee on Infrastructure (CCI) has appreciated the efforts of the Odisha government in facilitating execution of large investment projects in Odisha. The CCI team was headed by Anil Swaroop the additional secretary at the Cabinet secretariat today jointly scrutinised the progress of 60 projects along with top state officials.Projects with investments [...] Continue Reading »
A team of global investors from the Silicon Valley of the US has assured the Odisha government an investment of $300 million to promote Information Technology (IT) and Electronic System Design and Manufacturing (ESDM) units at the proposed Info-valleyIT park on the outskirts of Bhubaneshwar. Odisha is the first state in India to tie up with Silicon Valley. This [...] Continue Reading »
Odisha Industrial Infrastructure Development Corporation (Idco) – which is the land acquisition division of the Odisha government – has reportedly issued no objection certificates (NOCs) for land mortgage to five new firms, between February and June 2014. The five new firms to which Idco has issued NOCs for mortgaging land include Jindal Steel & Power Ltd (JSPL); Jindal [...] Continue Reading »
According to an Assocham report, Maharashtra replacing Gujarat has appeared to be the number one investment destination in the country. An analysis by the industry group illustrated, as on December 2013 Maharashtra attracted investment proposals of Rs 14,73,466 crore cumulatively, while Gujarat drew proposals worth Rs 13,98,347 crore. The state’s focus on development of industrial [...] Continue Reading »
The realty developers in city have postponed the launching of new projects as the consumers are expand with upcoming polls in the state and are waiting for the development of new government. Mr. Sanjay Kumar Jha, secretary of Real Estate Developers Association of Odisha, says that developers are not taking risk of launching new projects. [...] Continue Reading »
The Software Technology Parks of India (STPI) has requested the state government for reintroduction of provision of zero rated sales under Odisha VAT act for the IT and ESDM (Electronic System Design and Manufacturing) units of the state to make them competitive in the world market in the draft Industrial Policy Resolution (IPR). Earlier, under section-18, the [...] Continue Reading »
After one year of its formation, the Cabinet Committee on Investment (CCI) is said to have unlocked 144 stalled infrastructure projects worth Rs 5.27 lakh crore. 253 more projects, however, with an investment of Rs 12.82 lakh crore, are still stuck for various clearances. Power, coal, steel, petroleum & natural gas, and road transport & highways sectors form [...] Continue Reading »
The BDA bulldozed an ‘unauthorized’ four-storey guesthouse near Jayadev Vihar in Bhubaneswar. The structure was erected in 2011 and was in alleged violation of building norms. In 2007, the plan was approved for two-storey house on 2,352 square feet land for residential purpose. The official sources say that the owner illegally constructed a four-storey building [...] Continue Reading »
To be able to meet the investment target of Rs 5000 crore in public infrastructure through public private partnerships (PPPs) for the12th Plan period (2012-17), Odisha’s state planning & coordination department has invited proposals from government departments and agencies. The PPP projects are to be taken up in socio-economic sectors like agriculture, water supply, health care, education, municipal services, warehousing, [...] Continue Reading »
