Business Today March 13, 2016

Situated on the coastline along the Bay of Bengal, Odisha stands for its ancient glory and modern endeavors. The State has registered positive growth both in manufacturing and services sectors, contrary to the economic slowdown globally. Endowed with vast natural and human resources which is used for industrial development, Odisha has emerged as the most lucrative State for domestic and global investors. The rich mineral belts, comprising deposits like Iron Ore, Manganese Ore, Chromite, Bauxite and Graphite, lie in the western and north-western parts of the state. 'Team Odisha" constitutes the broad institutional framework of the Government that is engaged in industrial facilitation and investment promotion in all key areas of economic growth. Captained by Honourable Chief Minister Shri Naveen Patknaik the Team Odisha's principal goal has been to provide…

A KEY TO ODISHA'S ECONOMIC PROSPECT In its endeavor to make Odisha the most preferred investment destination not only in the country but across the globe, the State Govenrment has taken up a number of path breaking initiatives. The new Industrial Policy-2015 for promotion of sustainable and inclusive economic growth by attracting investments along with the operational guidelines has been released on 3rd September, 2015 by the Hon'ble Chief Minister. Odisha Industrial Development Plan 2025 identifying five focus sectors for investments in the State has been developed with an aim to create 10 lakh new jobs through investments worth of Rs. 2.5 lakh crore in the State. Initiatives have been taken to create mega integrated Petroleum, Chemicals and Petrochemicals (PCPIR) covering 284 sq.km. in Jagatsinghpur and Kendrapada districts. Efforts have…

State Government has been pursuing a policy of value addition and in the process providing opportunities for increased employment, besides generating revenue for undertaking welfare programmes for the people. 49 Memorandum of understanding (Mot) have been signed with different promoter companies for establishment of steel plants with a production target of 77.16 MT involving an investment of over Rs.213,969.40 crores. Already 33 steel plants, one pellet plant, have commenced their partial production with an investment of over Rs. 1,30,000 sores. Besides these, total 32 iron ore-based industries are coming up through non-MoU route. To make iron ore available to the end user industries, the State Government also implemented the pre-emption policy mandating the standalone iron ore lessees to sell at least 50 percent of their production to the State-based industries.…

What makes for a great workplace? How does one create a company that is considered wonderful to work for? What is the kind of an organisational culture that allows employees to be most productive – and equally importantly, happy – at work? There are no standard prescriptions for creating a great workplace. And over the years, the benchmark for what constitutes a good workplace as opposed to a bad one has gone up many times. In the ’70s, for example, local offices of European and US multinationals that had operations in the country were much coveted as workplaces for the best and the brightest. Good pay and perquisites were obviously an attraction, but what drew a lot of jobseekers of that era were the formal work systems, the culture of…

A Tough Job for Finance Minister Jaitley This refers to your cover story, The Many Worries of Mr. Jaitley (February 28). One cannot expect any miracle to happen in the Budget given the not-so-encouraging economic scenario on both global and domestic front. It is, however, a point to note that among the emerging market economies, India is relatively better placed. But that should not be anything to draw solace. Growth rate has not been picking up for a long time now. Banks are the lifeline of the economy and their performance is directly reflected in the health of the economy. There is a huge amount of stress in the system and banks are confronted with a high degree of non-performing assets and are in dire need of capital infusion. It…

STAY CONNECTED WITH US ON www.facebook.com/BusinessToday @BT_India INTERVIEW “It is more of caution than fear or worry right now” The Indian IT industry is facing multiple headwinds. It could be a short-term blip and demand might pick up later during the year, says Ramakrishnan Chandrasekaran, Executive Vice Chairman of Cognizant India, in an interaction with Business Today’s Goutam Das businesstoday.in/cognizant-chandrasekaran PERSPECTIVES A Dream Policy to Boost Manufacturing Sector The National Capital Goods policy covers all the major sub-sectors, and suggests not just visionary roadmaps but practical solutions to improve productivity and demand in each of them businesstoday.in/makeinindia-manufacturing Wipro HealthPlan Acquisition: Buying Growth? Wipro has acquired a healthcare BPM service provider, the first major move by the new CEO Abidali Neemuchwala. It will help the company consolidate its position in the…