Invest In Odisha: DIPAs To Be Set Up Across State From April

Bhubaneswar: To streamline investment facilitation mechanism at the district level, the Odisha Government has decided to set up District Investment Promotion Agencies (DIPAs). These will promote and facilitate investment across the state.

The DIPAs will be housed at the district collectorate.

“DIPAs will operate under the leadership of respective district collector with other senior district officials including SPs, DFOs and line Department officials being constituent members. The district collector shall be supported by a team of professionals for investment facilitation, project monitoring and promoting local entrepreneurship,” a government release said.

The key roles of DIPA:

a) Facilitating and handholding entrepreneurs during project implementation

b) Promotingenterprises to create large-scale employment

c) Investment promotion leveraging local strengths of respective districts

d) Ensuring early resolution of investor grievances

e) Creation of land bank for fast project implementation

f) Closely monitoring implementation of major road, power supply and water supply projects which will facilitate industrialization and economic growth

DIPAs will work as an extended arm of IPICOL and will be set up in phases from April 2021 to December 2021, the official letter said.

“DIPAs will play an active and effective role in expediting setting up of large as well as MSME projects in the respective districts,” it added.