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Odisha sets up cell to facilitate investments

Tue, 18th Aug 2015 (Source:Business Line)

The Odisha Government has set up a State Level Facilitation Cell (SLFC) — a dedicated entity to clear investment proposals and help industries start work on projects within 15-30 days after getting approval.

The new entity will serve as a guiding force to the Industrial Promotion and Investment Corporation of Odisha (IPICOL), to channel prospective investments.

The SLFC board consists of members from Odisha Industrial Infrastructure Development Corporation, Odisha Power Transmission Corporation, State Pollution Control Board, Directorate of Factories and Boilers, and the Water Resource Department on a full-time basis. Members of national level industry associations will also be part of the SLFC board to mentor and guide investors and promote industries in the State.

SLFC will segregate projects into green and non-green categories. The green category projects consist of agriculture-based industries, food-processing, cottage industries, textiles, light engineering, chemicals, building materials and consumer goods.

Under the new arrangement, SLFC will provide clearances to green projects within 15 days. All other projects, will receive approvals within 30 days, said a statement issued by the Government.

Sanjeev Chopra, Chairman and Managing Director of IPICOL, said members of the facilitation cell will meet investors and company officials every Monday in Bhubaneswar to resolve issues.

Last week, three new projects from Indian Oil, Utkal Alumina, and Ramco Cements were discussed and proposals were forwarded to the State Level Single Window Clearance Agency.

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