Clearing land allotment hurdles for industrial investments, the state-run Odisha Industrial Infrastructure Development Corporation (IDCO) on Thursday accorded approval for 31 long-pending industrial proposals in a step towards accelerating investment and industrial growth in the State, said officials.
The Land Allotment Committee (LAC), chaired by IDCO Chairperson Usha Padhee, approved land allocation for these long-pending industrial projects.
These approvals are expected to unlock substantial investment and create considerable employment opportunities across sectors, added the officials.
Of the 31 approved projects, a significant number belong to the Micro, Small & Medium Enterprises (MSME) sector, along with proposals from apparel and textiles, food processing, engineering, and other emerging industries.
Priority was accorded to projects proposed in non-industrial districts of Koraput, Kalahandi, Rayagada, and other backward regions, reaffirming the state’s commitment to balanced and inclusive industrial development.
The meeting was attended by D Prasanth Kumar Reddy, Secretary, MSME Department, and Managing Director, IDCO; Bhupendra Singh Poonia, Managing Director, the Industrial Promotion and Investment Corporation of Odisha (IPICOL); Aboli Sunil Naravane, Director of Industries; Kaustuva Dipta Pany, Executive Director, Odisha Computer Application Centre, along with other senior officials and members of the Committee.
The LAC reiterated its focus on transparent processes, time-bound decisions, and proactive facilitation to strengthen investor confidence and promote regionally distributed economic growth in Odisha.