MSMEs urge Naveen Patnaik to change status of allotted lands to freehold

The associations also requested chief minister to come out with a conversion policy for MSME of the state

Micro, small & medium enterprises (MSMEs) in Odisha represented by nine industry associations, have urged chief minister Naveen Patnaik to change the status of allotted lands from leasehold to freehold.

There are around 50,000 MSME units operating in 106 industrial estates in the state where around 4200 units have been allocated nearly 5000 acres of land against due payment. These MSME units provide direct employment to 150,000 workers supporting around 500,000 families.

The industry bodies rued that the growth of MSME has been substantially retarded for inadequate credit flow, non-availability of real time co-lateral security and the need of various