Odisha investments tank 67% by value in FY19, job creation potential halves

Not all investment intents of Make in Odisha 2018 translated into commitments; several projects stuck in 'labyrinth of approvals'

The value of investments approved by the Odisha government tanked 67 per cent year-on-year in 2018-19. Though the state authorities gave the go-ahead to 47 projects, they were worth Rs 67,417.41 crore only. Also, the employment potential of projects cleared fell drastically from 98,308 in FY18 to 41,643 in FY19.

By contrast, 46 investment projects were cleared in FY18 valued at Rs 2.04 trillion.

“Odisha had attracted fresh investment intents worth Rs 4.18 trillion at the second edition of Make in Odisha conclave in November 2018. But not all of the intents got translated into firm commitments. Besides, some of