In a bid to create a conducive business environment and help boost investment in Odisha, the relevant departments would identify procedural needs to expedite business projects.
The state government has already rolled out a host of initiatives to facilitate business like e-registration, e-way bill, e-payment and e-filing of returns.
The need to streamline business processes further was deliberated during an interaction between top state officials and a team of Accenture Services Ltd, a company with interests in management consulting, technology and outsourcing.
The department of industrial policy & promotion (DIPP) under Union commerce & industry ministry has engaged Accenture to conduct a study on ‘Improving the Business Environment’ in India’. The firm has conducted a comprehensive study of the regulatory and procedural practices being followed in different states. The study report has identified six best practices from various states including Odisha which they shared with state government at the meeting. The six best practices identified include integrated and automated system for tax regulation compliances, labour related compliances, infrastructure & utility related approvals, land & building related approvals, environmental clearances and other business regulatory compliances.
“The state government is looking at emulating the best practices of industrially developed states like Gujarat, Maharashtra and Tamil Nadu. To facilitate the sharing of ideas and exchange of business friendly practices, the state government will organise a national workshop next month on best practices for improving business environment,” said an official at the industries department. To expedite major industrial projects with investments in the range of Rs 100-1,000 crore, the state government has constituted a project monitoring group (PMG) for their online monitoring. The monitoring system is modelled on the lines of a PMG of the Cabinet secretariat of Government of India where projects with investments exceeding Rs 1,000 crore are vetted.
SIX BEST PRACTICES FOR BOOSTING INVESTMENT
- Integrated and automated system for tax regulation compliances
- Labour related compliances
- Infrastructure & utility related approvals
- Land & building related approvals
- Environmental clearances
- Business regulatory compliances
