 "Odisha industrial policy resolution to go under CAG scanner")
The office of the AG is going to conduct a theme-based audit on ‘Implementation of IPR-2007’ for incorporating the same in its audit report on economic sector-Odisha for 2012-13.
The audit will cover the period from 2007-08 to 2012-13. The audit team will examine the related records at industries department, directorate of industries, directorate of export promotion and marketing, 10 selected district industries centres, Industrial Promotion and Investment Corp of Odisha Ltd (Ipicol) and Odisha Industrial Infrastructure Development Corp (Idco).
More From This Section
The audit is aimed at assessing whether the programmes envisaged in the IPR-2007 were implemented economically, efaficiently and effectively so as to achieve the objectives and if programme-specific operational guidelines, as well as financial rules and regulations, were duly complied in the process of implementation of the IPR. The audit exercise would also cover if the review and monitoring mechanism were put in place.
The government documents that will be vetted by the audit team include IPR-2007, operational guidelines issued by the government from time to time, Odisha Industries (Facilitation) Rules-2005, Plan priorities and targets set in annual Plans, government circulars on inspection and monitoring and conditions of sanction of funds.
The IPR-2007 had delineated a multi-pronged approach for industrial promotion by providing infrastructure support, institutional support and pre and post-production incentives. While the IPR was designed to support industrialisation in general, it stressed on efforts to incentivise investment in thrust and priority sectors with a view to maximizing the triple objectives of value addition, employment generation and revenue augmentation.
The IPR is aimed at leveraging the concentration of metal industries for manufacturing industries. To boost enterprises in the MSME (micro, small and medium enterprises) sector, the policy resolution focused on undertaking a special drive for modernisation of such units, facilitating greater flow of industrial credit, providing marketing support, rehabilitation of potentially viable sick industries and development of special industrial parks for ancillary and downstream units.Implementation of various schemes and operational guidelines listed by the Odisha government in its industrial policy resolution (IPR)-2007 will go under the audit scanner of the accountant general (AG).
The office of the AG is going to conduct a theme-based audit on ‘Implementation of IPR-2007’ for incorporating the same in its audit report on economic sector-Odisha for 2012-13.
The audit will cover the period from 2007-08 to 2012-13. The audit team will examine the related records at industries department, directorate of industries, directorate of export promotion and marketing, 10 selected district industries centres, Industrial Promotion and Investment Corp of Odisha Ltd (Ipicol) and Odisha Industrial Infrastructure Development Corp (Idco).
The audit is aimed at assessing whether the programmes envisaged in the IPR-2007 were implemented economically, efaficiently and effectively so as to achieve the objectives and if programme-specific operational guidelines, as well as financial rules and regulations, were duly complied in the process of implementation of the IPR. The audit exercise would also cover if the review and monitoring mechanism were put in place.
The government documents that will be vetted by the audit team include IPR-2007, operational guidelines issued by the government from time to time, Odisha Industries (Facilitation) Rules-2005, Plan priorities and targets set in annual Plans, government circulars on inspection and monitoring and conditions of sanction of funds.
The IPR-2007 had delineated a multi-pronged approach for industrial promotion by providing infrastructure support, institutional support and pre and post-production incentives. While the IPR was designed to support industrialisation in general, it stressed on efforts to incentivise investment in thrust and priority sectors with a view to maximizing the triple objectives of value addition, employment generation and revenue augmentation.
The IPR is aimed at leveraging the concentration of metal industries for manufacturing industries. To boost enterprises in the MSME (micro, small and medium enterprises) sector, the policy resolution focused on undertaking a special drive for modernisation of such units, facilitating greater flow of industrial credit, providing marketing support, rehabilitation of potentially viable sick industries and development of special industrial parks for ancillary and downstream units.