Industry sector

Odisha’s industrial sector set for 14.5% growth in current fiscal: CM Patnaik

After a stellar performance in the 2021-22 financial year, Chief Minister Naveen Patnaik said on Saturday that Odisha’s industrial sector is expected to grow by 14.5% in the current financial year.

Patnaik pointed out that the spectacular growth of 10.1% in the industrial sector in 2021-2022 was well above the national GDP of 8.8% during the same period.

He was addressing a Business Eminence Awards function organized by Dharitri’ and Orissa Post’.

It’s really a good time for our industries. I hope all entrepreneurs and top business leaders in the state will continue this momentum in the current fiscal year, the Chief Minister said.

Patnaik pointed out that Odisha has received more than Rs.4.4 lakh crore in investment intention over the past three years despite the COVID-19 pandemic.

This could create employment opportunities for over 1.5 million people, and Odisha will continue to be the preferred destination for investors worldwide, the chief minister said.

The Chief Minister also commended the Dharitri’ and the Orissa Post’ for organizing the event which will encourage the business community of Odisha.

Our business ecosystem is one of the best in India and we will continue to make improvements to provide the best possible opportunities for people who can create jobs in our state, he said.

Congratulating the winners, he said they have become role models for young entrepreneurs in the state by registering achievements during the difficult times of the COVID-19 pandemic to create a positive business atmosphere in Odisha.