Bhubaneswar: The Odisha Government is planning to roll out a Defence manufacturing policy in three months.
“We see immense potential for Defence and aerospace manufacturing. In fact, we are planning to come up with a Defence manufacturing policy in the next three months,” Department of Industries Secretary Sanjeev Chopra said on Monday.
Odisha has been a leader in metals production and is now focussing on ancillary and downstream industries which can be beneficial to areas like Defence and automotive, Chopra said.
The Odisha Government, which claims that cost of doing business in the State is 10-20 per cent less than its neighbouring States, remains bullish on the petroleum, chemicals and petrochemicals investment region at Paradip, national investment and manufacturing zone at Kalinganagar and electronics manufacturing cluster in Bhubaneswar.
The State is also aspiring to be a major coastal economic zone with a coastline of 480 km, Chopra said.
“We are trying to give logistics a status of industry to promote private logistic parks in the state. For which we may have to amend the existing policy to give the logistics sector a status of industry,” he said.
He also said the state has been making efforts to bring investments from automotive players, but it “has not made much headway”.