Investors ruing the inordinate delay in obtaining myriad clearances for their projects have a reason to cheer.
Industrial Promotion & Investment Corporation of Odisha Ltd (Ipicol), the one stop agency for investment promotion, would develop and implement a web-based system to facilitate investment clearances in a time bound manner. There will also be a facility for e-filing of combined application form (CAF) by investors, e-payment of processing fees and virtual single window interface between investors and different clearance authorities. The business friendly steps are be to put in place by the end of 2015-16, according to draft Industrial Policy Resolution (IPR), 2015.
Ipicol would set up a GIS based comprehensive industrial data bank by engaging a professional agency.
Six months after the IPR 2015 comes into force, the industries department would initiate deployment of a web enabled platform for facilitating all statutory approvals applied through CAF.
The draft IPR says the existing single window clearance mechanism will be made more effective so that most of the clearances are accorded at the time of approval of projects.
Investors with project investment of up to Rs 10 crore would submit their grievances, if any to the directorate of industries. For investors whose investment on projects exceeds Rs 10 crore but is less than Rs 100 crore, the issues would be addressed by an industry facilitation committee chaired by the industries secretary.
The State Level Project Monitoring Group (SPMG) and the Cabinet Committee on Infrastructure (CCI)'s Project Monitoring Group (PMG) would review and monitor projects with investments in the range of Rs 100-1000 crore.
The draft IPR has identified various focus sectors for the next five years-auto & auto components, downstream and ancillary industries, agro and food processing, IT and ESDM (electronic system design & manufacturing), tourism, civil aviation and manufacturing in aviation, pharma, handicrafts and textiles and petroleum & petro chemicals.
The IPR aims to encourage linkage between MSME (micro, small & medium enterprises) and large industries and make focused efforts for development of ancillary and downstream industries.
