Chief Minister Naveen Patnaik is set to unveil Odisha’s startup policy and the master plan for Infovalley, the upcoming hub for IT and ITes units at the Global Investors meet organised by the state government in Bengaluru on August 25-26.
The Investors summit is being held in collaboration with the Karnataka government and Confederation of Indian Industries (CII). The event is likely to witness the participation of top corporate houses in the country.
In the start-up policy, Odisha aims to be among the top three start-up destinations in India by 2020 and to develop a robust ecosystem in five cities of Odisha by 2020.
The objective of the draft policy also includes to attract Rs 1,000 crore in investments into the incubation and start-up ecosystem. It has suggested to provide Rs 250 crore for youth entrepreneurship activities for the next five years or earmark 1% of the annual state budget.
Around 300 interested large and medium industries have been enlisted basing on their interest for investment in Odisha. The companies are from the sectors like engineering, IT, hardware, aviation, textiles, medical devices, lubricants, aerospace, beverages, telecom, defense, transport and consumer durables.