Bhubaneswar: A day after Odisha slipping from 11th to 14th place in the ease of doing business, the State government today resolved towards making it one of the best investment destinations in the country.
The annual business ranking of states and union territories was released by the Ministry of Commerce and Industry yesterday. While Odisha’s ranking was 7th in 2015, it slid to 11th place in 2016.
“We will further improve the position. The state has already made significant strides in implementing ease of doing business reforms with the compliance percentage going up from 52.15 per cent in 2015 to 92.09 per cent in 2017,” Industries Secretary Sanjeev Chopra said.
In the latest rankings, Odisha has been placed under the ‘achievers’ category along with West Bengal, Uttarakhand, Uttar Pradesh, Maharashtra and Tamil Nadu.
“The top 14 states are bunched in a close range of six per cent and there isn’t much to differentiate among them. It is important to see the ranking in the context of increasing competition among the states to attract investments,” he told reporters.
Odisha’s “investor-friendly policies” and the development of “world-class infrastructure” have received very positive feedback from investors across the country, he said.