Patnaik also announced that the state will have a convention centre and trade zone at Bhubaneswar named after Utkal Gourav Madhusudan Das as a tribute to his contribution towards industrialisation of Odisha.
The state government proposed to invest Rs 307 crore for building the convention centre and trade zone with a seating capacity of 4,000 seating capacity (rpt) seating capacity.
Stating that conducive policy ecosystem and investment opportunities have helped the state to attract Rs 2.3 lakh crore investment, Patnaik said his government will set up a special institutional mechanism to ensure timely grounding of these investments.
The companies may get their required plot from the Land Bank if desired, he said, adding the state will clear all formalities for setting up industries very soon.
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If the project is a Green one, it will require to complete formalities in 15 days, state industries minister Debi Prasad Mishra said.
Non-Green projects will be cleared in 30 days time. However, the state may not guarantee timely clearance from the Centre, the minister said.
The largest ever expo of the state housed more than 250 stalls spread over an area of 30,000 square feet.
As part of the conclave, the largest ever Startup expo was also organised by YI, the youth wing of the CII, which saw participation from more than 120 startups, which benefited from the experience of successful budding entrepreneur, Mishra said.