In two months Odisha receives 500 investment proposal

 The Government of Odisha Single Window for Investor Facilitation and Tracking (GO-SWIFT) portal launched in November last year has received 500 investment proposal so far.

The 500th investment proposal was received from a Gurugram-based manufacturer of Sanitaryware products. The company has proposed to invest Rs 350 crore to set up a manufacturing unit for glass containers with a capacity of 1, 30, 000 tonnes per annum at Cuttack.

Official sources here said the project will create direct and indirect employment opportunities for over 1200 people.

State Industries Secretary Sanjeev Chopra described the proposal as encouraging and said within a short span of one year, GO-SWIFT has received the 500th investment proposal.
Due to significant ease of application and expeditious approval process, there has been a considerable increase in the number of investors keen to set up their units in Odisha.
The ‘Make in Odisha’ Conclave 2018 has given further impetus to the flow of investment proposals.

Some of the leading companies whose proposals were received and approved by State Level Single Window Clearance Authority included Manpasand Beverages, ITC Foods, Apar Industries Limited, Sri Malani Foams ,Vedanta, JSW Cement, Gokul Agro and Jindal Aluminum.
A first-of-its-kind in India, 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.

With the objective of attracting Rs 2.5 lakh crore of fresh investments and generating 30 lakh job opportunities as part of Chief Minister Naveen Patnaik’s Vision – 2025, the Government of Odisha is diversifying and broad-basing the state’s industrial development across the focus sectors.

The state has been ranked number one in terms of investment implementation rate and among the top three states in terms of live manufacturing investments in India. Odisha has registered a GSDP growth rate of 7.94 percent in FY 2016-17, surpassing the national growth rate of 7.1 per cent.