Latest news with #HemantSharma
Time of India
6 days ago
- Business
- Time of India
From people to govt depts, all aligned for industrial growth: Sharma
Additional chief secretary of the industries department, Hemant Sharma, delves into the state's ambitious plans to transform its industrial landscape in a conversation with Ashok Pradhan. Excerpts: How does the state plan to leverage Odisha Tex-2025 to attract global textile players and position Odisha as the textile capital of India by 2036? The Odisha Tex-2025 summit, a mega textile summit on Friday, is a pioneering event for eastern India, a region not traditionally known for its textile industry, except for some areas in West Bengal. Our aim is to position Odisha as the prime location for textile investment in eastern India. Other regions like Coimbatore, Tirupur, Chennai, Bengaluru, Noida, and Surat have become saturated, and Odisha offers a fresh opportunity for expansion. We are inviting over a hundred new entrants who have not previously considered Odisha, which will significantly boost our visibility and appeal as a textile hub. While attracting investors, how are you integrating local artisans and weavers, especially those working in places like Surat? Odisha's skilled workforce is a major attraction for the textile industry. Many workers in places like Tirupur and Surat are originally from Odisha. By bringing the industry closer home, we provide opportunities for these workers to return. We are also focusing on skill development for the next generation of artisans, integrating traditional skills with modern techniques. We have invited trainers to sign MoUs with new companies to train local workers, ensuring a smooth transition to modern industrial practices. What are the key sectors and strategies driving Odisha's industrial vision ? Our strategy is built on three pillars: infrastructure, timely incentives, and dedicated support. We are developing smaller industrial parks, around 100 acres, to provide the necessary infrastructure. We are also streamlining the process of delivering incentives, making it more transparent and efficient. Each high-impact industry is assigned a nodal officer to assist with everything from site selection to utility support, ensuring a seamless experience. Despite Odisha's resources, past industrial promises did not always materialise. What makes you optimistic about the current initiatives? Two key factors give us confidence. First, there is complete alignment across govt departments, all working towards the common goal of industrial growth. Even people are more aware and want industry. In earlier phases, there were protests. Second, we shifted our strategy to pre-position land for industries, reducing the time from interest to implementation. This proactive approach, along with public demand for industrial development, is creating a conducive environment for success. How is Odisha fostering local entrepreneurship, particularly with initiatives like recognising 60 young entrepreneurs under 40? Historically, 80% of Odisha's industries were set up by non-local entrepreneurs. We aim to change this by making entrepreneurship aspirational. Our 60 under 40 initiative highlights local role models, encouraging others to follow suit. We are also establishing MSME parks in each district to support small and medium enterprises, ensuring that local entrepreneurs have the resources and incentives to succeed. Ease of doing business is a recurring theme. What new reforms or digital initiatives has the department introduced? We launched Go Swift 2.0, an enhanced single-window system. Our goal is to integrate all departmental approvals into this digital platform, covering pre-construction, construction, and post-construction phases. This will eliminate the need for physical applications, streamlining the process and improving the overall experience for industries. How will you ensure regional distribution of industry after creation of greater capital region cluster encompassing Puri and Paradip with Cuttack and Bhubaneswar and a similar cluster in Sambalpur-Bargarh-Jharsuguda. Regional growth will be driven by leveraging local advantages. For instance, the Bhubaneswar-Cuttack-Puri-Paradip region will focus on knowledge-based industries, while areas like Jharsuguda and Angul will focus on metallurgical industries. To sum up, what are your top priorities for Odisha's industrial development? Our top priority is to attract job-intensive industries that can be quickly commissioned, such as food processing and textiles. Secondly, we are focused on securing land in strategic locations to reduce grounding time. Lastly, we aim to enhance our digital services to improve the ease of doing business in Odisha.
New Indian Express
22-07-2025
- Business
- New Indian Express
Odisha to host first textile investment summit on July 25
BHUBANESWAR: The state government is all set to host the first edition of ODISHA TEX 2025, the biggest textile investment summit of eastern India, here on July 25. The summit is aimed at promoting Odisha as a major hub for textiles, apparels and technical textiles. Additional chief secretary of Industries department Hemant Sharma said the summit will bring together leading textile companies, global brands, manufacturers, startups and young professionals. 'It will provide a unique platform to explore investment opportunities in areas like apparels, technical textiles, footwear, accessories and luggage manufacturing,' he added. Sharma said the platform will bring leading textile players to Odisha and generate significant employment opportunities for the youth. 'With progressive policies, world-class infrastructure and a skilled workforce, we are building a robust ecosystem where textiles can become a powerful driver of industrial growth, women's empowerment and rural transformation,' he added. The event will be held at the State Convention Centre and inaugurated by Chief Minister Mohan Charan Majhi. Over 300 delegates from key textile hubs such as Tirupur, Bengaluru, Surat, the National Capital Region (NCR) and states like Punjab and West Bengal are expected to participate in the event.
Hans India
22-07-2025
- Business
- Hans India
Odisha to host textile investors' meet on July 25
Bhubaneswar: The Odisha government is set to host the first edition of 'ODISHA TEX 2025', a textile investment event, here on July 25. Chief Minister Mohan Charan Majhi is scheduled to inaugurate the event at the State Convention Centre, which will help promote the State as a major hub for textiles, apparels and technical textiles, an official statement said on Monday. The event is likely to see the signing of major MoUs and important investment announcements with top players from the textile sector. These developments will play a key role in strengthening the State's industrial growth and helping the State move towards its goal of becoming the textile capital of India by 2030. Claiming that ODISHA TEX 2025 will be the biggest textile investment event in Eastern India, the government said it would bring together leading textile companies, global brands, manufacturers, startups and young professionals. The State government is currently developing six new parks for textiles, apparel and wearables. Hemant Sharma, Additional Chief Secretary, Industries department, said, 'This platform will bring leading textile players to Odisha and generate significant employment opportunities for our youth. With progressive policies, world-class infrastructure and a skilled workforce, we are building a robust ecosystem where textiles can become a powerful driver of industrial growth, women's empowerment, and rural transformation.' The event is expected to witness the participation of over 300 delegates from outside the State, representing key textile hubs such as Tirupur, Bengaluru, Surat, the National Capital Region (NCR), and States like Punjab and West Bengal, officials said.
News18
21-07-2025
- Business
- News18
Odisha to host textile investors meet in Bhubaneswar on July 25
Agency: PTI Bhubaneswar, Jul 21 (PTI) The Odisha government is set to host the first edition of 'ODISHA TEX 2025', a textile investment event here on July 25. Chief Minister Mohan Charan Majhi is scheduled to inaugurate the event at the State Convention Centre, which will help promote the state as a major hub for textiles, apparels, and technical textiles, an official statement said on Monday. The event is likely to see the signing of major MoUs and important investment announcements with top players from the textile sector, it said. These developments will play a key role in strengthening the state's industrial growth and helping the state move towards its goal of becoming the textile capital of India by 2030, the government said in a statement. Claiming that ODISHA TEX 2025 will be the biggest textile investment event in Eastern India, the government added that it would bring together leading textile companies, global brands, manufacturers, startups, and young professionals. The state government is currently developing six new parks for textiles, apparel, and wearables. Hemant Sharma, additional chief secretary, industries department, said, 'This platform will bring leading textile players to Odisha and generate significant employment opportunities for our youth. With progressive policies, world-class infrastructure, and a skilled workforce, we are building a robust ecosystem where textiles can become a powerful driver of industrial growth, women's empowerment, and rural transformation." The event is expected to witness the participation of over 300 delegates from outside the state, representing key textile hubs such as Tirupur, Bengaluru, Surat, the National Capital Region (NCR), and states like Punjab and West Bengal, officials said. PTI BBM BBM MNB (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 21, 2025, 19:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
17-07-2025
- Business
- Time of India
EQT completes acquisition of Niwas Housing Finance
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Swedish fund EQT has completed the acquisition of Niwas Housing Finance Limited, formerly known as Indostar Home Finance , from IndoStar Capital Finance Limited, according to a company will invest Rs 500 crore ($58 million) as growth capital to support geographic expansion and enhance digital capabilities of in 2017, Niwas provides affordable mortgages to retail customers in tier 2 to tier 4 cities in India and has supported over 47,000 low income homeowners and small businesses, it has AUM of over Rs 3000 crore as of 31 March 2025, comprising granular, retail, and secured loans.K.R. Kamath, Chairperson of the newly constituted Board of Niwas Housing Finance, added: 'Niwas is well-positioned to expand access to home ownership in India. As we embark on this renewed journey of Niwas, I am confident that the new board's collective experience will provide valuable strategic guidance and oversight to the Company, ensuring Niwas scales responsibly, with customer-centricity and prudence at its core.'Hemant Sharma, a Partner in the EQT Private Capital Asia advisory team, said: 'India's retail lending sector continues to offer exciting opportunities and is a key investment theme for EQT in India."
