Create investor-friendly atmosphere:Govt to IPICOL

Bhubaneswar: Worried over delay in implementation of various industrial projects, the state government has asked the Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL) to create a hassle free environment so that the investors feel comfortable here.

The suggestion was given by Chief Secretary B K Patnaik while reviewing activities of the IPICOL, the state`s nodal agency to work as the single point contact for invstors. "The duty of the IPICOL is to facilitate investors to set up project in the state." the chief secretary said asking the authorities to set up a core committee comprising officers who would take responsibility to meet the investors` demands. Patnaik said this in the backdrop of many industries making allegation regarding lack of administrative support to their units.

Of the 50 investors signing MoUs with the state government for setting up steel industries, 29 have reached different stages of production while others were yet to come up to the expectation level, official sources said. In a bid to make IPICOL `investors-friendly", a leading professional service firm has prepared a blueprint which suggested formation of a mechanism to help the investors, the sources said.

Stating that only providing land or making water arrangement for industries was not sufficient, the chief secretary said the IPICOL must ensure that the investors achieve milestones in a specified time frame. "The chief secretary also asked the IPICOL to ensure growth of downstream and ancillary units in the steel, aluminium, automobile and agro sector along with big industries," said an industry department official.