IPICOL Submits Odisha’s Reform Action Plan To Centre

Bhubaneswar: The Industrial Promotion & Investment Corporation of Odisha (IPICOL) has submitted the evidence of reforms implemented by Odisha under State Reform Action Plan (SRAP) – 2020 of the Centre.

SRAP is a list of 301 recommendations stipulated by Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry to be undertaken by the states to improve the business environment for setting up and operating industries.

As part of this exercise, IPICOL coordinated with 18 departments and organisations of the Odisha government to ensure successful implementation of the recommended reform action points. The key reform areas included investment enablers, labour reform enablers, sectoral reforms, public procurement, commercial dispute resolution enablers etc, a news agency reported.

The IPICOL has integrated additional 9 services of 5 departments with the State Single Window System ‘GO SWIFT’ ensuring comprehensive facilitation support to industries.

The corporation had earlier ensured successful implementations of district reform action plan thereby making Odisha eligible for additional borrowing permission of Rs 1,429 crore from the Department of Expenditure, Ministry of Finance.