Odisha Govt to Set up MSME Parks in Every District

Bhubaneswar: The Odisha Government is planning to set up Micro, Small and Medium Enterprises (MSMEs) parks in every districts of the State, said Chief Secretary Suresh Chandra Mahapatra.

The MSMEs will get all infrastructure support including land, electricity and water in the districts, said the Chief Secretary speaking at the concluding session of Propack Odisha 2022 and MSME Odisha 2022 organised by Odisha Assembly of Small and Medium Enterprises (OASME).

The industries will get all infrastructure support there including land, electricity and waters. IDCO has been given more than Rs 450 crore to develop required infrastructure across the State.

He stated that in last few years we see 30-40% growth in finance to MSMEs by banks which is encouraging.

Chief Minister Naveen Patnaik has also taken two rounds of meeting with bankers of the State in this regard.

Odisha Industries Minister Pratap Kesari Deb said the younger generation must take risk and not depend only on government support.

Odisha has got the best infrastructure for industries. Large and heavy industries are coming to Odisha. But what the state requires most is MSME.

The industry bodies should come forward and suggest the policy change for better industrialization, he added.

State Finance Secretary Vishal Dev asked banks to ensure finance availability for MSMEs as the sector is an important pillar of economic development. But industries of this sector often face funding problem.

Banks have been told to ensure availability of finance for MSMEs and look after the quality part of finance. The government is also proactively organizing workshops with several banks and trade platform on regular basis, he added.