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Odisha's GO-SWIFT Portal Gets 1,000 Investment Proposals


03 October 2019

OMMCOM NEWS


Bhubaneswar:  The Government of Odisha Single Window for Investor Facilitation and Tracking (GO-SWIFT) portal has received 1,000 investment proposals in less than two years of its roll-out.

The one-stop portal that tracks the complete life cycle of an investment, received its 1,000th proposal from a Mumbai-based chemical manufacturer Rashtriya Chemicals and Fertilizers Ltd.

The company has proposed to invest Rs 162 crore to set up a manufacturing unit to produce chemicals to be used in water treatment with an annual capacity of 72,000 cubic meters per annum, said a statement on Thursday.

The project has the potential to generate direct and indirect employment for 125 people.

Industries Minister Dibya Shankar Mishra said GO-SWIFT was launched in November 2017 to provide a one-stop-shop for all industries throughout their investment life cycle.

"In a span of less than two years, the portal has received its 1000th application, which is a testament to its tremendous success for facilitating industrial projects in Odisha. We will definitely continue to raise the bar for Ease of Doing Business and are focused on speedy implementation of projects on the ground," said the Minister.

Some of the leading companies whose proposals were received in the GO-SWIFT portal include Indian Oil Corporation Limited, Haldia Petrochemicals, Aditya Birla Fashion, Manpasand Beverages, ITC Foods, Apar Industries Ltd, Vedanta, JSW Cement, Gokul Agro and Jindal Aluminum among others.

The proposal of IOCL to set up one of the largest petrochemical complexes in its existing base at Paradip, amounting to Rs 1 lakh crore was approved at the recent High-Level Clearance Authority (HLCA) meeting held in August.

The proposal of Haldia Petrochemical to set up another petrochemical complex in Balasore district costing more than Rs 78,000 crore was also approved in the same meeting.

GO-SWIFT provides all the information and clearances that investors require in a time-bound, hassle-free, paperless and transparent manner. Entirely online, the launch of GO-SWIFT has improved the efficiency of the approval process for both new and existing industries across 32 services from 15 state departments.

(IANS)