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Odisha to roll out defence manufacturing policy

IANS  |  Bhubaneswar 

is planning to roll out a in the next three months, an said on Monday.

"We see immense potential for defence and In fact, we are planning to come up with the in the next three months," the Department of Industries' said.

has been a in metals production and was now focusing on ancillary and downstream industries which could be beneficial to areas like defence and automotive, Chopra said.

has also been focusing on and petrochemicals, textiles and apparel, agro and sea food processing, manufacturing and tourism, according to the

Odisha, which claims that cost of doing business in the state is 10-20 per cent less than its neighbouring states, remains bullish on the petroleum, and petrochemicals investment region at Paradip, national investment and at and manufacturing cluster in Bhubaneswar.

The state is also aspiring to be a major coastal economic zone with a coastline of 480 km, Chopra said.

With the advantage of strategic locations, has also narrowed down its focus on the logistics sector.

"We are trying to give logistics a status of industry to promote private logistic parks in the state. For which we may have to amend the existing policy to give the logistics sector a status of industry," Chopra said.

He also said the state has been making efforts to bring investments from automotive players but it "has not made much headway".

Odisha has set a target to attract 2.5 lakh crore investments with an employment of 30 lakh new jobs by 2025.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, April 16 2018. 16:12 IST