Odisha seeing hectic investment promotion activities: Chief Secy

Bhubaneswar: Odisha has witnessed a quantum jump in the investment promotion activities during last five years which is evident from the number of projects sanctioned by the State Level Single Window Clearance Authority (SLSWCA), Chief Secretary A P Padhi has said.

The SLSWCA has cleared 55 investment intents in 2017 compared to 29 in 2016 and 27 in 2015, Padhi said after a review meeting on Investment Promotion Activities here.

He directed the IPICOL (Industrial Promotion & Investment Corporation of Odisha) to make all the investment meets more outcome-oriented in terms of bringing in employment intensive investments.

The departments concerned with actual delivery of investment-related services were asked to ensure field level implementation of the reforms enacted under Ease of doing Business," he said.

The number of projects approved through SLSWCA has increased to 55 in 2017 from 8 in 2013.

Apart from these, a number of projects have also been cleared in district level Single Window Committees of the respective districts, officials said.

The SLSWCA has recorded a constant increase in its performance. The number of projects approved through the system in 2015 was 27 which increased to 29 in 2016 and finally to 55 in 2017.

The total investment worth of these projects is around Rs 1.78 lakh crore with an employment potential of more than 1,30,000 people.

"Presently, 41 new investment intents are under active consideration of the government," they said.

The Make In Odisha Conclave, 2018 will be held in November this year.