startup

Orissa Govt. to Come-up with a “Startup Policy” Soon

Orissa govt. finalising a new “start-up” policy
Naveen Patnaik

The Orissa government is in the midst of finalising a new “start-up” policy to boost the start-up ecosystem in the state, announced Naveen Patnaik during the unveiling of a 10 year ‘industrial development policy – 2025’ at ‘Make in India’ week on Sunday.

The Chief Minister also dedicated the “Bhubaneswar Start-up Hub”, a 4.5 lakh square ft ready-to-move facility in the state capital. The government has a strategic partnership with TIE Silicon Valley which will mentor and guide the start up ecosystem.

“The state aims to achieve a sustainable manufacturing and employment generation and intends to attract an investment of Rs 2.25 lakh crore in the five focus sectors and to generate 10 lakh jobs,” he announced.

The five focused sectors identified are agro and food processing especially fish processing, chemicals and petrochemicals, textiles, downstream and ancillary industries and ESDM (electronic system design and manufacturing) and IT/ITeS.

The state not only plans to leverage the expertise and experience of the private sector for the implementation of industrial townships and parks, but is also setting up infrastructure development fund of Rs. 100 crore.
Orissa’s economic growth was over 8% last year, and by 20202 Patnaik expects this to be at 12%.

Several e-governance initiatives were also launched at the Odisha state seminar at ‘Make in India’. These e-governance websites aim to bring down corruption by reducing physical contact with the bureaucracy, and encouraging transparency by putting out all information on the website.

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