Odisha Cabinet clears 8 key proposals; Rs 200 crore approved for defunct units liquidation plan
Bhubaneswar, June 13
The Odisha Cabinet, chaired by Chief Minister Mohan Charan Majhi, has approved eight key proposals spanning six departments, including a major decision on the liquidation of defunct industrial units and allocation of funds to settle pending liabilities.
Briefing the media after the 42nd Cabinet meeting on Friday, Odisha Chief Secretary Anu Garg said the government has taken a total of 301 decisions in the past two years since assuming office.
She said the latest meeting, held on the eve of the government completing two years in power, saw approvals across sectors aimed at administrative reform and industrial restructuring.
"Today, on the eve of two years of government, 301 cabinet decisions have been taken. In today's meeting, which is the 42nd meeting of the cabinet, across six departments, eight proposals were approved," Garg said.
She further informed that one of the key proposals came from the Handloom, Textiles and Handicrafts Department. As part of a broader restructuring exercise, the government has decided to liquidate certain defunct industrial units and make their assets available for fresh industrial investments in the state.
"The first proposal was from Handloom, Textiles and Handicrafts Department... the government has resolved to liquidate these units, making their assets available for fresh industrial investments... the cabinet today approved that as a first-phase budgetary provision, Rs 200 crores would be given to the department to settle such outstanding liabilities of these defunct units," she added.
Officials said the decision is aimed at clearing legacy financial burdens while unlocking idle assets for productive use, with the expectation of attracting new investments in the textiles and handicrafts sector.
The Cabinet also cleared proposals across other departments, though detailed information on the remaining decisions was not immediately disclosed.
The government said these measures reflect its continued focus on governance reforms, fiscal discipline, and industrial revitalisation as it completes two years in office.
— ANI
Reader Comments
301 cabinet decisions in two years is impressive. But the devil is in the implementation. Let's see how quickly they actually settle the liabilities and get those assets into productive use. The handloom and handicrafts sector in Odisha has so much potential if managed well.
I'm from Cuttack and work in textile exports. This liquidation plan is long overdue. Many of those defunct units were just rotting away. If they can attract new investments, it could revive the entire region. But we need accountability on how that Rs 200 crore is spent. No more sarkari babu goondaism please!
It's nice that they're focusing on governance reforms, but I wish they'd also given details on the other seven proposals. Transparency matters, especially when we're talking about public money and industrial policy. The handloom sector employs many women in our state, so any move that strengthens it is good. Just hope the workers from those defunct units get their dues settled without hassle.
As an investor looking at opportunities in India, this is encouraging. Odisha has good infrastructure and mineral resources. Clearing these legacy liabilities sends a signal that the state is serious about ease of doing business. Would like to see more specific incentives for new industries beyond just asset availability.
Two years of Majhi government and 301 decisions - that's good on paper. But as someone from Bhubaneswar, I worry about the human cost. What happens to the workers who lost jobs when those units became defunct? Just settling liabilities isn't enough. We need skill development and rehabilitation programs for those affected. Otherwise it's just fiscal engineering without social justice
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