Business

Odisha has 1 lkh acre land bank for industries, says official

Bhubaneswar, Oct 24: As part of initiatives to help investors set up facilities in the state, the Odisha government has built up 1 lakh acre land bank, a senior official has said.

Keen on attracting investments in the mineral-rich state, the government has offered various sops and incentives to investors who were showcased advantages of setting up ventures here, Department of Industries, Odisha, Principal Secretary Sanjeev Chopra told PTI in an interview.

'I am sure investors will understand our policies. When investors will come to set up industries, land will be required in huge amount. We dont have any issues related to land and have already created a land bank of 1 lakh acre,' he said.

The state has ensured that land has been given all clearances and is ready-to-use, Chopra said, asserting that projects will not face any delays due to hurdles.

South Korean steel giant Posco had suspended its USD 12 billion steel project in Odisha, citing delays in various regulatory approvals and land hurdles in setting up a 12 MTPA steel plant at Jagatsinghpur.

Chopra said Odisha has no dearth of land and the government will keep on adding more of it to the bank.

"The government is using policy of engagement not confrontation. It will engage the locals and tell them the purpose for acquiring their land," Chopra said, alleging that a handful of locals with vested interests were creating differences among the villagers and the government. -PTI

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