Reinforcing investor confidence

Reinforcing investor confidence

Source: Google

Tushar Kanti Behera, Minister, IT and Sports & Youth Affairs

He(Reinforcing investor confidence) jumped fences to the ruling Biju Janata Dal (BJD) after his growing disillusionment with the BJP. Prime Minister Narendra Modi’s promise of 20 million jobs had evaporated. Rural youths were bristling with angst on the hollow promises of the BJP.

Tushar Kanti Behera( Reinforcing investor confidence ) who had contested from the Kakatpur constituency in Puri district on a BJP ticket in 2014 assembly polls, was also disenchanted with demonetization that pounded the cash-dependent informal economy of villages.

“Promises were not fulfilled. The overhyped Ujjwala scheme did not live up to its expectations. The poor consumers found it profoundly difficult to refill LPG cylinders as prices escalated unexpectedly”, Behera recalls.

Behera( Reinforcing investor confidence ) joined the BJD and instantly won the confidence of the party supremo Naveen Patnaik.

He( Reinforcing investor confidence ) was given a ticket from the Kakatpur assembly segment which he won without much ado.

After his victory, Behera( Reinforcing investor confidence ) was blessed with emerging portfolios of sports & youth affairs and IT.

Recently, Behera had set off on a two-day tour to Bangalore to woo investors in the IT and electronics sectors.

The minister held profuse negotiations with the captains of the IT industry as well as officials from Software Technology Parks of India (STPI).

Behera(Reinforcing investor confidence) showcased the recast version of the Odisha government’s information & communications technology ICT) policy to the wannabe investors.

Odisha is en route to emerging as one of the most favored destinations for IT and electronics investments.

The government here has recast its existing Information & Communications Technology (ICT) policy. In the reformulated policy, the government is offering reimbursement on Goods & Services Tax (GST) both to new and existing units.

Post the policy amendment, new units in IT, ITes and ESDM verticals can avail reimbursement on State GST for five years from the date of commercial operations. 

Existing units can also avail the benefit if they opt for expansion, modernization, and expansion but it would only apply to enhanced production over and above the current rated capacity and limited to 100 percent of the additional cost of plant and machinery. Moreover, a new BPO policy is expected to be unveiled before April 2020.

Behera’s eminent bets are on sports as well since the state government has been pitching Bhubaneswar as the country’s sports capital.

Bhubaneswar and Rourkela will jointly host the Men’s Hockey World Cup in 2023. The state government is bearing all expenses of the Men’s and Women’s hockey teams and is spending Rs 30 crore each year.

He is all agog with a flurry of youth-centric activities. Behera recently informed the state legislative assembly that Rs 100.93 crore has been spent on different activities of the Biju Yuva Vahini (BYV).

Sports equipment worth over Rs. 39 crores was distributed to different BYV units in panchayats and urban areas while under the ‘Mo Hero’ program, Rs. 19.35 crore was spent during the year.

Behera said that nearly Rs 18 crore was spent on organizing youth congregations in different parts of the State.

He said Rs 22.95 crore was utilized for different social service works undertaken by the BYV during the year. Besides, Rs 3 crore was also spent on different organizational matters.

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