OdishaLive Bureau
Aiming the cash inflow into the state through investment the state government has leveraged the opportunity via largest investors summit as Odisha Conclave 2018. The conclave has bagged Rs 1,177 crore of investment proposals for the MSME sectors. The major chunk of the investment intent will be seen by an Odia Entrepreneur Uday Shankar Sethi, who plans to spend on the aqaua research, silk farming and some amount on sea food.
The state government has also amended the Odisha MSME Policy 2016 so as to boost the MSME sector in the state. The amendments includes incentivise MSMEs to obtain the zero defect zero effect certification in terms of bronze, silver, gold and platinum categories, leveraging the fruit pulp or juice based industry from the negative list, promoting edible or non edible vegetable oil mills in the state above certain investment limit, change in the definition of downstream enterprise to add value to the low value added items, change in the definition of iron and steel processors with clarity in the negative list and policy will be in compliance to original one excluding the amendments.
Additional Chief Secretary L N Gupta said since FY15 more than 2.25 lakh MSMEs have gone into production and has generated employment for more than 6.7 lakh individuals in the state so far.
