Odisha's single-window portal receives 300 investment proposals

The government of Odisha's Single Window for Investor Facilitation and Tracking (GO-SWIFT) has received 300 proposals from investors across the country, an official said on Friday.

Launched in November 2017, the portal received the 300th proposal from Kerala-based Kitex Garments Ltd, which has committed to invest Rs 177 crore at Gopalpur in Ganjam district of the state to set up an apparel manufacturing unit.

The project will create employment opportunities for over 5,000 people, with a majority of them being women, the official said.

The project proposals submitted on GO-SWIFT to set up manufacturing units envisage a cumulative investment commitment of Rs 18,208 crore with an employment potential of over 29,000.

The investment proposals relate to a variety of sectors ranging from food processing, seafood, aluminium downstream, apparel, cement, tourism, etc.

Compared to the eight-month period prior to the launch of GO-SWIFT, the number of investment proposals received post-launch has gone up by 20 per cent.

"We are committed to ensuring investor delight and it is highly encouraging to note that within a short span of eight months, GO-SWIFT has received over 300 proposals from investors across the country," said Industries Secretary Sanjeev Chopra.

"Due to the significant ease of application and expeditious approval process, there has been a considerable increase in the number of investors wanting to set up their businesses in the state. We will continue to raise the bar for ease of doing business and are focused on speedy implementation of investment proposals on the ground," he added.

Some of the leading companies whose proposals were received and approved by the State Level Single Window Clearance Authority in the last eight months include Manpasand Beverages, ITC Foods, Apar Industries Ltd, Sri Malani Foams (a company from the house of Century brand of mattresses), Vedanta, Lalchand Resorts, JSW Cement, Gokul Agro and Jindal Aluminium, among others.

GO-SWIFT has been able to integrate all existing technological applications. As a result, an industrial unit can get customised information regarding incentives and requisite approvals about the proposed investment, select land, apply for single-window clearance, obtain land and other services.

Over 3,890 industries have registered themselves on GO-SWIFT so far to avail various kinds of services.

--IANS

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