Odisha's GO-SWIFT receives 500th investment proposal

Bhubaneswar : Odisha government's Single Window for Investor Facilitation and Tracking (GO-SWIFT) has received 500 investment proposals so far, said an official on Thursday.

Launched in November 2017, the portal has received the 500th investment proposal from a Gurugram-based manufacturer of sanitaryware products.

The company has proposed to invest Rs 350 crore to set up a manufacturing unit for glass containers with a capacity of 1,30,000 tonnes per annum at Cuttack. The project will create direct and indirect employment opportunities for over 1,200 people, the official said.

The state-level facilitation cell has recommended the proposal to State Level Single Window Clearance Authority (SLSWCA) for approval.

"It is encouraging to note that within a short span of one year, GO-SWIFT has received the 500th investment proposal. Due to significant ease of application and expeditious approval process, there has been a considerable increase in the number of investors wanting to set up their units in Odisha," said Industries Secretary Sanjeev Chopra.

"The Make in Odisha Conclave 2018 has given further impetus to the flow of investment proposals. We will continue to raise the bar for ease of doing business and are focused on speedy implementation of projects on ground," he added.

Some of the leading companies whose proposals were received and approved by SLSWCA include Manpasand Beverages, ITC Foods, Apar Industries Limited, Sri Malani Foams (a company from the house of Century brand of mattresses), Vedanta, JSW Cement, Gokul Agro and Jindal Aluminum among others.

GO-SWIFT provides all of the information and clearances that investors tend to require in a time-bound, hassle-free, paperless and transparent manner.

Entirely online, the launch of GO-SWIFT has improved the efficiency of the approval process for both new and existing industries across 32 services from 15 state government departments.