Odisha sheds 'MoU model' tag, rides on reforms to tap emerging sectors

Experts deliberating at Business Standard Odisha Round Table were unanimous about branding the state in a positive light

Odisha, known for its ‘memorandum of understanding (MoU) model of development’, is veering to a reform-powered growth path, with focus on speedy approvals, to tap emerging sectors.

With the average time for a project approval in Odisha narrowing to 19.5 days and the state boasting of the highest conversion rate from investment intents to firm proposals, the stage is set to script a new growth story that goes beyond the favoured metals and mining space.

Experts deliberating at the Business Standard Odisha Round Table were unanimous about overcoming negative perception and branding the state in a positive light.