📷 Image: Wikimedia Commons / Government of Odisha
Business
Odisha Cabinet Approves ₹200 Crore to Liquidate Defunct Industrial Units
✍️ The News Mill
🗓 19 Jul 2026, 02:04 PM
👁 2
The Odisha government has sanctioned ₹200 crore to facilitate the liquidation of non-operational industrial units across the state.
The Odisha cabinet approved a ₹200 crore allocation to aid the liquidation of defunct industrial units.
The decision aims to clear dormant factories and enable the state to redeploy resources to productive sectors.
The funds will be disbursed through a structured process, with the state government overseeing the sale or transfer of assets.
Officials expect the initiative to create a more efficient industrial landscape and attract new investment.
The move follows a review of over 500 non‑operational units identified in recent audits.
The decision aims to clear dormant factories and enable the state to redeploy resources to productive sectors.
The funds will be disbursed through a structured process, with the state government overseeing the sale or transfer of assets.
Officials expect the initiative to create a more efficient industrial landscape and attract new investment.
The move follows a review of over 500 non‑operational units identified in recent audits.