Odisha’s single-window portal receives 300 investment proposals

Bhubaneswar, July 13: The government of Odisha’s Single Window for Investor Facilitation and Tracking (GO-SWIFT) has received 300 proposals from investors across the country, an official said on Friday.

Launched in November 2017, the portal received the 300th proposal from Kerala-based Kitex Garments Ltd, which has committed to invest Rs 177 crore at Gopalpur in Ganjam district of the state to set up an apparel manufacturing unit.

The project will create employment opportunities for over 5,000 people, with a majority of them being women, the official said.

The project proposals submitted on GO-SWIFT to set up manufacturing units envisage a cumulative investment commitment of Rs 18,208 crore with an employment potential of over 29,000.

The investment proposals relate to a variety of sectors ranging from food processing, seafood, aluminium downstream, apparel, cement, tourism, etc. Compared to the eight-month period prior to the launch of GO-SWIFT, the number of investment proposals received post-launch has gone up by 20 per cent.

“Due to the significant ease of application and expeditious approval process, there has been a considerable increase in the number of investors wanting to set up their businesses in the state. We will continue to raise the bar for ease of doing business and are focused on speedy implementation of investment proposals on the ground,” said Industries Secretary Sanjeev Chopra.

Over 3,890 industries have registered themselves on GO-SWIFT so far to avail various kinds of services. (IANS)