By Bizodisha Bureau, Bhubaneswar, January 18, 2016 : Odisha will soon come out with a special Startup policy to encourage and facilitate investments in the State.

Interacting with a delegation from US-based TiE Silicon Valley during a meeting here on Monday, chief minister Naveen Patnaik said, the state is working to become the top three destinations for start-ups in India in the coming two years. The meeting discussed investment opportunities available in small, medium and large industries in the State.

The state owned IPICOl singed a MoU with TiE Silicon Valley to boost investments in start-ups in Odisha.

“I am happy to note that IPICOL & TIE SILICON Valley have a one-of-its-kind agreement to foster the growth of start-ups in the state,” tweeted the CM.

Chief Secretary Aditya Prasad Padhi said, “The State government will prepare a start up policy in consultation with TiE Silicon. We expect the start up policy will be implemented in the coming two to three months.”

After the signing of MoU with IPICOL officials, TiE Silicon Valley founder member Nitin Mehta said, “Ease of doing business in the state, more availability of broadband and wifi and role of educational institutions were discussed. We would encourage youths of the State to take major risks.”

Expressing similar views Rajeev Sahu, president, TiE local chapter, said, “Odisha will get a special position on the global map with this policy.”

A 13-member delegation of the TiE Silicon Valley is on a two-day visit to the State as part of the Start-up India initiative which was launched by Prime Minister Narendra Modi on Saturday.