The Odisha government is taking significant strides to attract investments in its less industrialised districts ahead of the upcoming Utkarsh Odisha Make-in-Odisha summit on January 28 and 29. This initiative aims to transform the economic landscape of Odisha, focusing on under-developed yet resource-rich areas.

A Comprehensive Strategy for Investment Attraction

During a recent two-day collectors’ conference, key issues and strengths of the various districts were discussed. This dialogue is crucial for crafting a robust investment strategy that balances growth across the state.

Industries Minister Sampad Chandra Swain has outlined a vision for a comprehensive industry-friendly strategy. He stated that this initiative will not only create jobs but also enhance the standard of living for citizens in Odisha.

Key Objectives:

• Job Creation: Generate employment opportunities in less industrialised areas.
• Livelihood Improvement: Elevate the quality of life for local communities.
• Resource Utilisation: Leverage the abundant natural resources in under-developed districts.

This strategy represents a pivotal move to attract big-ticket investments that could reshape Odisha’s industrial landscape.

Focus on Keonjhar: A Resource-Rich District

One of the primary targets of this investment strategy is Keonjhar, the home district of Chief Minister Mohan Charan Majhi.

Why Keonjhar?

• Mineral Wealth: Keonjhar is rich in minerals, boasting vast deposits of iron ore, manganese, bauxite, and more.
• Existing Industries: While some engineering and metal-based industries are present, there remains a notable absence of large-scale enterprises.

The state has established a task force led by Chief Secretary Manoj Ahuja to spearhead industrialisation in this vital district. This team will address various industrial challenges and facilitate the establishment of mega steel plants and related industries.

Task Force Responsibilities:

• Identify Suitable Land: Pinpoint land parcels suitable for industrial development.
• Engage Investors: Actively reach out to potential investors, especially those interested in mega steel plants.
• Strategise Industrial Growth: Develop a detailed roadmap for projects, complete with timelines and objectives.

Key land parcels under consideration include:

• 2,500 acres near Odisha Tea Plantation Ltd.
• 500 acres at Kalinga Iron Works in Barbil.
• 460 acres in Nayagarh.

Upcoming Interactive Sessions and Roadshows

To further enhance investment opportunities, a high-level delegation from the Odisha government, led by the Chief Minister, will visit New Delhi on October 3.

Interactive Session Highlights:

• Engagement with Business Leaders: The delegation will hold discussions with industry leaders to showcase investment opportunities in Odisha.
• Domestic and Overseas Roadshows: Several promotional events are planned leading up to the investment summit.

These initiatives are designed to create buzz around Odisha as an attractive destination for potential investors.

The Bigger Picture: Transforming Odisha’s Economy

The government’s focus on attracting investments in less industrialised districts is more than just a financial strategy; it is a comprehensive approach to economic transformation.

Expected Outcomes:

• Balanced Development: Addressing disparities in industrial growth across the state.
• Increased Employment: Significant job creation in less developed areas.
• Enhanced Quality of Life: Improved living standards through economic upliftment.

By concentrating efforts on resource-rich but underdeveloped districts like Keonjhar, the Odisha government is paving the way for a future where economic opportunities are more evenly distributed.

Conclusion: A Vision for a Prosperous Future

The Odisha government’s commitment to attracting investments in less industrialised districts signifies a new chapter in the state’s economic development.

With a well-structured strategy and a focus on leveraging local resources, the government aims to create a thriving industrial landscape that benefits all citizens. As we approach the Utkarsh Odisha Make-in-Odisha summit, it is clear that the groundwork laid today will have far-reaching impacts on the state’s economic future.

The efforts to engage investors and create a balanced industrial ecosystem are commendable and show promise for a prosperous Odisha.

Links for further reading

• Odisha Government: Odisha Government Initiatives
• Make-in-Odisha Summit: Make-in-Odisha Summit Details
• Industrialisation Strategy: Odisha Industrialisation Strategy
• Keonjhar District: Explore Keonjhar District