Naveen Patnaik launches 13 industrial projects worth Rs 2359 crore

BHUBANESWAR: Chief Minister of Odisha Naveen Patnaik announced the commencement of 13 industrial projects worth Rs 2359.29 crore on Monday, January 10, which will employ over 3200 people in the state. Patnaik virtually inaugurated two industrial units with a total investment of Rs 409.03 crore and laid the foundation for 11 projects totalling Rs 1950.26 crore.

Patnaik said, “Odisha is quickly establishing itself as Eastern India’s manufacturing hub. Because of our government’s progressive policy framework and regulatory environment, the state’s industries have been able to flourish quickly.”

Businesses in the state have continued to develop as a result of the adoption of ease of doing business reforms and facilitation offered by various government ministries, he added.

“Not only in terms of economic development but also in terms of social responsibility, our industries have been actively collaborating with the state government.” The Government of Odisha has been focusing on equipping the state’s youth with industry-ready skills.

“In Odisha, we have always strived to provide a hassle-free and easy-to-do-business environment for investors. Even in these challenging times of the COVID-19, the Government of Odisha has received significant investments and continues to enjoy investor confidence,” CM Patnaik stated.

He explained that the 13 projects that have been inaugurated are scattered throughout nine districts. These initiatives are also scattered throughout all investment categories, including small, medium and large businesses, he added.

CM Patnaik also launched a Rs 9.03 million biodegradable dinnerware manufacturing factory. Foundation stone was also laid for a logistics park, three ethanol facilities, a steel expansion project, a cement manufacturing unit, and a five-star resort, among other projects. Tata Steels, Swosti Premium, Greentech Bioenergy, and Coastal Biotech are among the prominent corporations supporting these initiatives.