Odisha: Investment Promotion Agencies To Assist MSMEs

In a recent high-level meeting led by Chief Secretary S. C. Mohapatra, the Odisha government announced its plans to set up district-level industry and investment promotion agencies to create more economic opportunities.

“These agencies would be dedicated towards facilitation and handholding of the micro, small and medium enterprises. They would operate as a single-point contact for all entrepreneurs and investors”, said Mohapatra.

The agencies would help the MSME entrepreneurs from scratch, guiding them in project formulation, capacity building, financing, starting production, and market linkages. It would facilitate them to avail benefits from the government.

“MSMEs are movers of the economy, and their promotion in the districts will result in equitable growth”, said the Chief Secretary emphasising the importance of district collectors to provide decent office space in the collectorates, along with other benefits.

As per industries secretary Hemant Sharma, the agencies would be managed primarily by three professionals under the direct supervision of the respective collectors. This will be rolled out in a phased manner across various districts based on the preliminary outcome.

For the initial rollout, Ganjam, Sundargarh, and Jagatsinghpur were selected, scheduled to start by August. In the next phase, the agencies would be set up in Angul, Balasore, Jajapur, Jharsuguda, Keonjhar, Rayagada, Sambalpur. The target is to cover all districts by March next year, said Sharma.

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