Odisha’s GO-SWIFT receives 200 investment proposals in 6 months

Bhubaneswar: Government of Odisha’s Single Window for Investor Facilitation and Tracking (GO-SWIFT) has received a very encouraging response from investors across the country.

Launched in November 2017, the portal recently received 200th proposal from Mumbai-based Hind Aluminum Industries which has committed to invest of Rs 56.3 crore at Angul Aluminum Park to set up a unit to manufacture 40,000 MT of aluminium conductors.

The project will create employment opportunities for 200 people.

The project proposals submitted on GO SWIFT to set up manufacturing units envisage a cumulative investment commitment of Rs 1060 crore with an employment potential of over 10,500, said a release.

The investment proposals belong to a variety of sectors ranging from food processing, seafood, aluminium downstream, apparel, cement, tourism etc. When compared to the 6-month period prior to the launch of GO-SWIFT, the number of investment proposals received post-launch has gone up by 37%.

Commenting on the development, Industries secretary Sanjeev Chopra said, “We are committed to ensuring investor delight and it is highly encouraging to note that within a short span of 6 months, GO-SWIFT has received over 200 investment proposals from investors across the country.”

“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 business 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 State Level Single Window Clearance Authority in the last 6 months include Manpasand Beverages, ITC Foods, Apar Industries Limited, Sri Malani Foams (a company from the house of Century brand of mattresses), Vedanta, Lalchand Resorts among others.

GO-SWIFT has seamlessly integrated all existing technological applications of the Department of Industries via the Single-Sign on Framework and covers all aspects of B2G interface during the investment lifecycle.

As a result, an industrial unit can get customized information regarding incentives and requisite approvals about the proposed investment, select land, apply for single window clearance, obtain land and other utilities, get statutory clearances, take advantage of risk-based synchronized inspections by regulatory agencies, obtain post-land allotment services, resolve issues with government departments and also dovetail its CSR activities with the developmental goals of the state.

This is first-of-its-kind development by any State in the country. Over 6600 industries have registered themselves on GO-SWIFT so far to avail various kinds of services.