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Economy
Odisha sets investment target of Rs. 5,000 cr in infra sector
By Input from Agencies  Published on: 15-Nov-2014 02:17:57
Place: Bhubaneswar
 
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Bhubaneswar: Setting an investment target of Rs. 5,000 crore in public infrastructure in Odisha, Chief Minister Naveen Patnaik today said Public Private Partnerships (PPP) would play a key role in achievement of this vision.

Odisha sets investment target of Rs. 5,000 cr in infra sector

“We realise that infrastructure development alone would make our multi-faceted schemes and programmes in different socio-economic sectors sustainable, leading to greater growth multipliers,” Patnaik said inaugurating a round table meet organised by an English daily here.

Speaking on the “State’s Growth Path and Opportunities Ahead”, the Chief Minister said the state government targets to attract investment of at least Rs. 5,000 crore in public infrastructure through PPPs during the 12th Plan period.

Stating that the key objective of the state government is to progressively address the task of achieving sustainable and inclusive economic growth and accelerating human development, Patnaik said emphasis is being laid on upgradation and improvement of infrastructure base in the state and efficient delivery of public services.

As Odisha is rich in natural resources it has enormous potential for growth besides abundance of minerals offers a huge potential for industrialisation through establishment of heavy industry and the consequent ancillary and own stream industries, he pointed out.

In order to attract investment, Patnaik said,” We have framed much progressive legislation and setup a single window system for faster project learning. We have also undertaken a series of reform measures in industry, infrastructure, financial and social sectors in the last decade.”

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