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Red tape won’t draw investment to Odisha

-The New Indian Express

After a two-year pandemic-induced hiatus, the Odisha government is shifting gears for the third edition of its flagship investment meet, Make in Odisha 2022.

After a two-year pandemic-induced hiatus, the Odisha government is shifting gears for the third edition of its flagship investment meet, Make in Odisha 2022. Chief Minister Naveen Patnaik interacted with ambassadors of 16 countries on August 31 in New Delhi, for partnering with the state’s industrial dream. In June, at Dubai, he had set the tone for the biennial summit by holding his career’s first-ever overseas investment meet. The meet promises to be a mega affair, and the Biju Janata Dal government is leaving no stone unturned to make the marquee event successful.

There is much to root for Make in Odisha Conclave, which had kicked off in style in 2016, with Naveen flanked by the then Finance Minister, late Arun Jaitley, and chairman of Adani Group, Gautam Adani. The two editions generated a combined investment intent of a whopping `6.22 lakh crore, but the ground reality is starkly different. By the government’s admission in the State Assembly, investment materialised so far stands at `5,674 crore, generating employment for only around 5,800 persons.

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