IDCO TO CREATE SEPARATE LAND BANK FOR MSMES in Odisha

Chief Minister Naveen Patnaik asked the Idco to create an exclusive bank land for MSMEs and reserve lands in all of its industrial estates and important growth centers while inaugurating the MSME Trade Fair and Celebration of Entrepreneurship Week-2017 here Sunday.

He too asked the Single Window Committees to ensure that MSMEs are provided with the same facilitation and the ease of approvals as large industries are getting. As many as 250 MSME entrepreneurs and 50 startups were present.

“By now, more than 2.5 lakh MSME units have been established in the State with a cumulative investment of more than Rs 12,000 crore and are providing employment to over 11 lakh persons. About 251 products worth Rs 661 crore have been approved by the district level Single

Window Committees since April 2015,” the Chief Minister said.

He said the Budget provision of the MSME Department for the coming financial year has been increased by more than 48 per cent compared to the last year. He said development of ancillary and downstream industries with the help of Central and State PSUs would be given priority.

MSME Minister Jogendra Behera said the Government has already prepared roadmaps for the development of MSME and startup companies.

State Skill Development Authority Chairman Subroto Bagchi expressed hopes that all the startups and entrepreneurs would excel in their respective fields.

The Chief Minister felicitated 20 boys and girls with the Youth Innovation Award. While four of them were awarded Rs.1 lakh each for developing proto-types, the remaining 16 youths were awarded Rs 50,000 each for working on an innovative idea.

MSME Principal Secretary LN Gupta said this year’s MSME Trade Fair is focused on startups and, hence, a separate seminar on “Mission 1000 Startups” was organised.

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