Orissa Govt. identifies thrust areas for future investment.

The State Government has come out with an industrial brochure, titled "Taking Your Business to New Heights," in which it has clearly spelt out the areas for future investments. It has also identified the quarters where Government would put top priority on future investments. These future investments would be made primarily in the small, medium and secondary sectors. The brochure was prepared jointly by the State Industries department and the Industrial Promotion Investment Corporation of Orissa Limited (IPICOL). Steel, power, aluminum and cement contribute for more than 70 per cent of the proposed Rs 4.21 lakh crore investments proposed in the State.
Though the State Government has signed 49 MoUs with the steel major and 13 MoUs with the Independent Power Producers, it would continue to put thrust on the development of small, medium and secondary sectors. It has identified agro- process, automobiles, auto component, textile, apparels and ancillary and downstream sectors as thrust areas for future investments. In the brochures, Government has also projected how much investments would be made in a particular area.
Government has projected that Rs 300 crore would be invested in the automobile sector with creating job potential of around 500. Auto -component may bring an investment of Rs 50 crore generating jobs for around 200 people. Rs 25 crore is likely to be invested in the agro- processing sector with potential for direct jobs being 100.

Similarly, the minimum investment could be in the region of Rs 50 crore and would generate an employment for 500. In the apparel sector, the investment could be Rs 10 crore with a capacity to generate an employment of 500. The ancillary and down stream sector will have employment capacity of 100 with investment of Rs 10 crore.
Government has identified information technology and enabled services (IT and ITES), tourism, biotechnology, petroleum, chemicals, pharmaceuticals, handicrafts, handlooms, coir goods, leathers products, gemstone cutting and polishing, fly ash and blast furnace slag-based industries and mineral based industries as other priority sectors future investments.