Odisha to spend Rs 5,000 crore in IT sector: Patnaik

Image
Press Trust of India Bhubaneswar
Last Updated : Dec 11 2014 | 5:26 PM IST
Odisha would spend around Rs 5,000 crore on IT in the next five years to provide services through electronic mode and entire Bhubaneswar would be made a WiFi-enabled city, Chief Minister Naveen Patnaik said today.
"As per the ICT (information and communication technology) Policy, every department will now earmark two per cent of its annual plan budget or one per cent of its overall budget, whichever is higher for IT spending so as to provide services through electronic mode," Patnaik said.
In the process, the state government would spend around Rs 5,000 crore from its budget in the next five years for IT or IT enabled services and ESDM (Electronic System Design and Manufacturing), he said, after inaugurating the new IT block of Tech Mahindra here.
To start with, Bhubaneswar city would be made WiFi enabled and Software Technology Park of India here has been engaged as a consultant, he said.
IT is at the top of the state government's agenda and the state government has taken a range of initiatives to accomplish this mission.
"Bhubaneswar has made good progress in IT SEZ sector too. In order to promote such industries, IT special economic zones are established at Info-city and Info-valley in Bhubaneswar. The state government is also setting up a green field electronics manufacturing cluster within Info-valley," he said.
Patnaik claimed that Odisha was the first state to have signed an MoU with TiE (The Indus Entrepreneurs), Silicon Valley, USA to attract foreign investment under ESDM sector in the EMC.
The state government, he said, has put in place a new industry friendly ICT Policy-2014 through which efforts are on to make Odisha the preferred IT destination for IT/ITES/ESDM.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 11 2014 | 5:26 PM IST

Next Story