BHUBANESWAR: The Odisha government has commenced the process for the development of 11 new MSME parks and upgradation of the existing ones to promote modern multi-sector industrial parks at strategic locations.
These parks will be equipped with comprehensive facilities that can be scaled according to operational needs, along with modern amenities. The government is also planning to develop MSME parks in every district.
Additional chief secretary of Industries and MSME Hemant Sharma said the small and medium enterprises provide employment to around 40.9 lakh people in the state, positioning MSMEs as the largest employment-generating sector after agriculture in the state.
Advances to MSMEs have increased from Rs 41,200 crore in 2019-120 to Rs 90,600 crore at a CAGR of 21.8 per cent. The share of micro-enterprises in MSME advances has risen to 10.3 pc as against the benchmark of 7.5 pc. “The increase in advances is enabling the enterprises to expand, modernise and contribute more significantly to economic diversification and employment in the state,” Sharma said.
With a CAGR of 20.2 pc from 2019-20 to 2023-24, merchandise exports from the state has surpassed the Rs 1 lakh crore mark a few years back and has been experiencing a steady growth since then. Metallurgical products continue to dominate the export sector, and the state is working to diversify its export portfolio, he said.
“The state government is taking necessary steps to be among the league of top-5 exporting states in the country and achieve an export target of Rs 3.5 lakh crore by 2026-27,” Sharma added.
At least 54 clusters have been identified to be promoted under the Centre’s MSE Cluster Development Programme to enhance sustainability, competitiveness and growth of MSEs. The state government has also received approvals on six DPRs from the Ministry of MSME for up-gradation of industrial estates under MSME-CDP scheme.
The state has 10.85 lakh units registered under the Udyam portal in the MSME sector and an additional 9.36 lakh informal micro-enterprises (IMEs) registered on the Udyam Assist Platform (UAP).