Chief Minister Naveen Patnaik has invited industrialists from UK to invest in metal and power downstream industries in the state, even as global investors are shying away from investing in India due to policy inactions.
Odisha is bestowed with large deposits of coal, iron ore, manganese ore and bauxite along with ample water supply and a considerable large coastline, which has helped in setting up of large industries. The Chief Minister said it is the perfect time for industrialists of UK to invest in downstream and ancillary industries during his recent visit.
Patnaik was on an eight-day trip to London from May 22-30, his first foreign trip after assuming the office of the Chief Minister, to discuss with UK government's Department for International Development (DFID) on different issues including anti-poverty programmes in the state. He was felicitated by the Indo-European Business Forum. Odisha should create a special purpose vehicle to expedite the Public Private Partnership (PPP) projects.
There has been generation loss of 84.69 billion units in the country during April 2012 and January 2013 due to coal and gas shortages, poor quality ...
Govt wanted to launch the scheme on October 27, while the industry had requested for October 30