NITI Aayog All Praise For Odisha As It Ranks Among Top Five Investment Destination

Odisha has now broken into NITI Aayog’s top five most competitive investment destination today. It has scored 52.4 points lagging behind Gujarat, Maharashtra, Tamil Nadu and Goa. NITI Aayog is all in praise for Odisha because of its policy reforms, abundant natural resources in the mineral sector accounting for nearly 50% of India’s mineral production. Apart from this NITI Aayog has also praised Odisha’s prudent fiscal management measures, logistics infrastructure, low interest payment and incorporating strong fiscal management processes. It has praised Odisha’s prompt business registration processes, affordable industrial parks for startups and aggressively pursuing industrial expansion. The big news is NITI Aayog has now recommended Bhadrakh to set up the next international airport. Objective is to ease pressure on Bhubaneswar including improved road and rail connectivity, expanding port access to Dhamra and having single window system for it’s air and sea cargo. NITI Aayog is also pushing Odisha to rev up its inadequate inland warehousing capacity, container depot stations and improving overall transport connectivity in the state henceforth. It has advised the state government to incorporate single window system for its air and sea cargo and faster allocation of industrial land by IDCO. As per NITI Aayog, Odisha needs to simplify its rules and making administrative process faster welcoming new businesses. Odisha Industry Minister Sampad Charan Swain said “Odisha is no longer just a resource rich state – it’s now getting ready to the demands of modern industrial hub”.