Odisha targets Rs 5,000 crore investment in infra sector

Bhubaneswar, Nov 16: Setting an investment target of Rs 5,000 crore in public infrastructure in Odisha, Chief Minister Naveen Patnaik said Public Private Partnerships ( PPP) would play a key role in achievement of this vision.

"We realise that infrastructure development alone would make our multi-faceted schemes and programmes in different socioeconomic sectors sustainable, leading to greater growth multipliers," Patnaik said inaugurating a round table meet organised by an English daily here.

Speaking on the "State's Growth Path and Opportunities Ahead", the chief minister said the state government targets to attract investment of at least Rs 5,000 crore in public infrastructure through PPPs during the 12th Plan period.

Stating that the key objective of the state government is to progressively address the task of achieving sustainable and inclusive economic growth and accelerating human development, Patnaik said emphasis is being laid on upgradation and improvement of infrastructure base in the state and efficient delivery of public services.

As Odisha is rich in natural resources it has enormous potential for gowth besides abundance of minerals offers a huge potential for industrialisation through establishment of heavy industry and the consequent ancillary and ownstream industries, he pointed out.

In order to attract investment, Patnaik said," We have framed much progesive legislation and setup a single window system for faster project learning. We have also undertaken a series of reform measures in industry, infrastructure, financial and social sectors in the last decade."