The state aims to ensure implementation of projects worth at least Rs 1.5 lakh crore in the next three years and create 30 lakh jobs by 2025.
The two panels will conduct monthly reviews and oversee co-ordination between all departments involved in the various investment projects.
Chief Minister Naveen Patnaik has insisted on follow up of the proposals worth Rs 70,000 crore in Make In Odisha's Mumbai edition, Rs 90,000 crore in the Bengaluru edition and Rs 2,35,000 crore worth investment proposals in the 'Make In Odisha' Conclave here.
The Ministerial Group will recommend measures to facilitate investment, while the Special Task Force will implement them. The decision in this regard was taken at a review meeting chaired by Chief Minister Naveen Patnaik here.
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Besides Mishra, Ministers of Mines, MSME, Forest and Information Technology will be members of the Ministerial Group to oversee implementation of different projects. The Ministerial Group would submit reports to the chief minister every month, Mishra said.
Patnaik has set a target of three years for execution of different proposals. "The Chief Minister has directed for ensuring a minimum investment of Rs 1.5 lakh crore within three years," Mishra said.
In January, officials said government delegates will hold discussions with interested companies in Kolkata, Mumbai and Bengaluru and those that participated in the 'Make In Odisha' events.