Odisha puts Rs 100cr for basic infra to push manufacturing

Odisha in a move to promote downstream industry has created an initial corpus of Rs 100 crore for development of basic infrastructure.
"Industrial Development Corporation is ready with an initial corpus of Rs 100 cr for the development of extensive infrastructure such as power, water supply etc," its CMD Vishal Dev said at 'Biz Bridge 2015'.
He said Odisha has set a target of achieving 60 per cent growth in the manufacturing sector by 2019 and the state government has decided to allow private players to develop SEZs.
"The state government has formulated the Vision 2019 and put in place a structured incentive framework such as fiscal, non fiscal, land incentive scheme, etc, in place," Dev said.

"Downstream industry is our priority. We do not have enough units manufacturing finished goods so this sector will offer a lot of opportunities in the coming years," he said.
Speaking at the same event, WBIDC executive director P Kamalakanth said, "In spite of facing several financial, social and economic constraints, the West Bengal government is working hard to offer an industry-friendly policy, transparent procedures and simplified processes."
"With a restructured industrial policy, sufficient infrastructure connectivity, power and water supply in place, WBIDC is everything to attract investments. MSMEs are a major area of focus including textiles, jems & jewellery, artisans," he said.