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Assam, Odisha roll out red carpet for investors

Odisha government will revise its incentive policy by end of December

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In the era of competitive and cooperative federalism, the BJP led government in Assam and BJD government in Odisha on Thursday in separate roadshows rolled out red carpet for investors from Maharashtra with a commitment for an hassle-free investment atmosphere.

The Assam government was represented by the chief minister Sarbananda Sonowal, who termed his state as an "India's Expressway to Asean." Besides he listed out key areas such as IT & ITeS, tourism, civil aviation, agriculture, river transport, plastics and petrochemicals, natural gas for investments.

On the other hand, Odisha was represented by the chief secretary AP Padhi and industries secretary Sanjeev Chopra who said the state is a 'Manufacturing hub of East' and has set a target of attracting new investments worth Rs 2.50 lakh crore by 2025 in ancillary and downstream in metal sector; chemicals, plastics and petrochemicals; electronics manufacturing and IT; agro & seafood processing, tourism; textiles and apparel.

Sonowal said a large land bank is already available for allotment to industries.

"The government has announced a state corridor with a width of 1 km on both side of about 100 kms of the National Highway close to Guwahati. This land area will be automatically of Industrial Class. The state government is also committed to providing common facilities and the added facility of no land conversion charges. Close to Rs 2 lakh crore is being invested into Assam to build superior road infrastructure,'' he said.

According to Sonowal, the government in order to boost its industrial capacity, has set up industrial growth centres, mega foodpark, sector specific industrial parks.

As far as Odisha is concerned, Chopra said the state government by end of December will revise its incentive policy for the restoration of sops offered to investors following the introduction of Goods & Services Tax. This apart, he said that government has taken number of steps for improve ease of doing business including the launch of single window portal for industries-- GO SWIFT (Government of Odisha Single Window Investor Facilitation and Tracking). The government has a land bank of 1 lakh acre whose details are available on its portal.

According to Chopra, the state had received investment intent worth Rs 71,000 crore during the 'Make in India week' held at Mumbai in February 2016. ''Notably, of the 124 investment intents received during the Investors' Meets organized last year at Mumbai, Bengaluru and in the 'Make in Odisha' conclave, the State Government has already received and approved firm proposals for 75 projects worth Rs 2.02 lakh crore,'' he said.

DOLING OUT SOPS

  • Odisha government will revise its incentive policy by end of December
     
  • It’ll revise incentive policy for the restoration of sops offered to investors following GST
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