The decision to achieve the target was taken at a review meeting of Ipicol (Industrial Promotion & Investment Corporation of Odisha Limited ) held here today under the chairmanship of chief minister Naveen Patnaik.
IPICOL is the state level nodal agency for investment promotion and also functions as the single window platform for clearance of investment proposals. The meeting discussed the plans of Vision 2019 for industrial development in the state. It stressed on setting up of value added ancillary and labour oriented industries. Patnaik directed the officials to make the single window mechanism more active and effective. Ipicol was asked to monitor the progress of projects approved for investment and initiate steps to attract investors through policy incentives for setting up units in industrially backward regions. It was decided in the meeting to announce the Industrial Policy Resolution at the earliest and formulate a separate policy for development of ancillary industries.
Among others, it was decided at the meeting to hold a Global Investors' meet in 2016 and organise road shows and attend the national and foreign events for attracting investments into the state.