Odisha plans MSME parks in every district: Official

Odisha plans MSME parks

Bhubaneswar: A top government official said on Sunday that the Odisha government plans to set up Micro, Small and Medium Enterprises (MSMEs) parks in every district of the state.

Speaking at the concluding session of Propack Odisha 2022 and MSME Odisha 2022 organised by the Odisha Assembly of Small and Medium Enterprises (OASME), the chief secretary of Odisha, Mr. Suresh Chandra Mohapatra said, “We are planning to develop MSME Parks in each and every district. Industries will get all infrastructure support there including land, electricity, and water. IDCO has been given more than Rs 450 crore to develop required infrastructure across the state.”

He stated that in the last few years we see 30-40% growth in finance to MSMEs by banks which is encouraging. Hon’ble Odisha CM has also taken two rounds of meeting with bankers of the state in this regard.

Addressing the occasion Shri Pratap Kesari Deb, Minister MSME, Industry and Energy, Odisha said, “Odisha has got the best infrastructure for industries in all terms. Large and heavy industries are coming to Odisha. But what the state requires most is MSME. Industry bodies should come forward and suggest policy changes for better instrialization. The younger generation must take the risk, and should not only look for support from Govt only.”

On this occasion, the Principal Secretary of the Finance Department of Odisha Mr. Vishal Dev asked banks to ensure finance availability for MSMEs. He said, “We see the MSME sector as an important pillar of economic development. But industries in this sector often faced funding problems. We discussed this with Banks in detail about the matter and asked them to ensure the availability of finance for them. We also told them to look after the quality part of finance.”

He said that the government also proactively organizing workshops with the State Bank of India, other banks, and trade platforms on regular basis. Our plan is to add all PSU banks to trade discounting platforms by year-end. It will greatly help MSME. He urged banks to become complacent after achieving set targets. They can lend higher than what is targeted for them.

Addressing the concluding session of Propack Odisha 2022 and MSME Odisha 2022 organised by Odisha Assembly of Small and Medium Enterprises (OASME) at Janata Maidan, Bhubaneswar to celebrate its 36th Foundation Day, He said that we are planning to associate with the industrial association of the state to create awareness and for capacity building of MSMEs to get institutional credit. In next few month, we are going to start this.

Other dignitaries present at the event were Shri Gauri Shankar Dash, Chairman, OASME, P K Gupta, Jt Director & HOO, MSME-DFO, Govt of India, Cuttack, Bibhuti Bhusan Dash, IOFS, Special Secretary, MSME Dept, Satwik Swain, Secretary General, OASME and Sarat Kumar Sahoo, Executive Chairman, OASME.

About Neel Achary 19199 Articles
Neel Achary is the editor of Business News This Week. He has been covering all the business stories, economy, and corporate stories.