CM inaugurated NOCCI Business Park in Balasore, Odisha

Odisha chief minister Naveen Patnaik inaugurated the NOCCI Business Park, a world-class facility for industries, trade and commerce, in Balasore on Saturday. The facility is touted as the first-of-its-kind in the eastern India.

It is developed at North Odisha Chamber of Commerce and Industries (NOCCI) campus at Bampada on outskirts of Balasore under Industrial Infrastructure Upgradation Scheme with an investment worth Rs 85 crore.

The IDCO provided 27 acre for the project. According to sources, the UPA government had sanctioned the project for growth of industrial activities in northern parts of the state.

“I am delighted to visit and dedicate this wonderful Business Park complex, the only of its kind in eastern India, to the people of Odisha today. I hope that this park shall facilitate trade and promote enterprise as well as serve as a platform for promoting arts, crafts and culture in northern Odisha,” Chief Minister Naveen Patnaik said.

Naveen said the state is now considered as one of the leading states in industrial growth and development. “In 2013, the Reserve Bank of India said Odisha was the number one state in the country in attracting industrial investments,” he said.

Naveen said during last 15 years, power, steel, port and aluminium sectors witnessed growth ranging between 350% and to 1,000%. The state has also registered 700% growth in software exports. Odisha accounts for 10% steel and 50% aluminium produced in the country, he said. The state also reduced poverty by 20% during 2005-11 period.

NOCCI Business Park

“A number of initiatives including a new Industrial Policy Resolution, amendments in the Odisha Industries Facilitation Act, an SEZ policy etc. are currently underway and likely to be completed shortly. These shall significantly improve the ease of doing business in our state,” he noted.

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