Bhubaneswar: Thanks to the pro industry policies of the Chief Minister Naveen Patnaik-led Odisha Government, the State is fast becoming the most favored investment destination in the country.
The State Government’s unique Single Window for Investor Facilitation and Tracking (GO-SWIFT) portal has received 1,000 investment proposals in just less than two years of its roll-out.
The one-stop portal that tracks the complete life cycle of an investment, received its 1,000th proposal from a Mumbai based chemical manufacturer, which has proposed to invest Rs 162 crore to set up a manufacturing unit to produce chemicals to be used in water treatment purpose with an annual capacity of 72,000 cubic meter per annum.
The project has the potential to generate direct and indirect employment for 125 people.
Odisha Industries Minister Dibya Shankar Mishra said that the GO SWIFT, which was launched in November 2017 by Chief Minister Naveen Patnaik, has received its 1000th application in 22 months. This is a testament to its tremendous success for facilitating industrial projects in Odisha.
The Minister said that the State Government will definitely continue to raise the bar for ease of doing business and are focused on speedy implementation of projects on the ground.
Some of the leading companies whose proposals were received in GO SWIFT portal and approved by State Level Single Window Clearance Authority (SLSWCA) /High-Level Clearance Authority (HLCA) include Indian Oil Corporation Limited(IOCL), Haldia Petrochemicals, Aditya Birla Fashion, Manpasand Beverages, ITC Foods, Apar Industries Ltd, Vedanta, JSW Cement, Gokul Agro, and Jindal Aluminum among others.
The proposal of IOCL to set up one of the largest petrochemical complexes in its existing base at Paradip, amounting Rs 1 lakh crore was approved in recent HLCA meeting held on 19th August 2019.
The proposal of Haldia Petrochemical to set up another petrochemical complex in Balasore district amounting more than Rs 78,000 crore was also approved in the same meeting. GO-SWIFT provides all of the information and clearances that investors tend to require in a time-bound, hassle-free, paperless and transparent manner.
Entirely online, the launch of GO-SWIFT has improved the efficiency of the approval process for both new and existing industries across 32 services from 15 state departments.
A first-of-its-kind in the country, GO-SWIFT provides information on business reforms and policy initiatives. The investor dashboard on the portal allows users to track the real-time status of their application and get alerts via SMS and email. The average time for the application of services has come down significantly due to GO-SWIFT.
The proposal of Tata Steel Processing and Distribution Limited (TSPDL) to set up its unit at an investment of Rs 92 crore is approved in a record time of four days after submitting the application in GO SWIFT portal Department for Promotion of Industry and Internal Trade (DPIIT), Government of India has also recognized GO SWIFT portal as best practice. DPIIT has also advised other States/ UTs to evaluate the Single Window system/ online portal (GO SWIFT) of the State of Odisha for replication/adoption with suitable modifications.
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