Odisha government creating land bank for industrial allocation
The state government of Odisha is creating a 1.2 lakh acre land bank across the state for allocation to the industrial sector. In order to cut red tape and wrangling with local issues in the land acquisition process, the state government is acquiring government land for industrial use and proposes to offer it with all facilities in place.
Already, the land bank has reached 57,655 acres. With the creation of the land bank, the industry department is looking for investment in various sectors including steel, aluminium, agro and food processing based units, apparel, IT and plastic units that will further create employment potential. The government has already taken advance possession of 8,725 acres.
Out of this, 3,500 acres have been utilised so far for industrial projects. The rest 48930 acres has been reserved and state is getting enquiries from various players to set up solar units in these patches.