Transforming Orissa into a vibrant Industrial State remains an important goal in the beginning of the new millennium. With its abundance of mineral resources, long coastline and inland waters, the bio-diversity of its forests and a rich cultural heritage, Orissa ought to become a privileged destination for industrial investment. The economic reforms and the liberalization process initiated in 1991 provide an important opportunity to the State to leverage the natural resources to attract investment, both domestic and international. The super cyclone in October 1999 caused widespread damage to all sectors of the State’s economy, including industry. Reconstruction of the shattered industrial economy poses a major challenge to the Government as well as the civic society. The recent "White Paper on Orissa State Finances" (Brought out by Finance Department, Government of Orissa, on 29th March, 2001) highlights the difficult situation of the public budget and sets clear limits on the future availability of financial incentives to spur industrial growth. At the same time, the combined forces of economic globalization and governance-decentralization, pose new challenges to the policy-makers and call for a profound redefinition of the way, Government can effectively support business.

Against this backdrop it has become necessary to :>
  • Win the trust of the industry by demonstrating the commitment of the Government to attract investors
  • Create a positive perception of the State as a desired destination for industrial investment
  • Take a fresh look at the existing policy to
  • Further build upon existing strengths, and eliminate weaknesses
  • Redefine the objectives and priorities
  • Establish a mechanism to ensure effective and timely implementation of the policy.

This Industrial Policy Resolution is a result of such an exercise and contains the following parts:
  • Statement of Mission and Objectives
  • Definitions and Interpretations
  • Policy Instruments