With Major Reforms, IPICOL successfully submits the

 With Major Reforms, IPICOL successfully submits the State Reforms Action Plan - 2020

 

IPICOL has successfully completed submission for the state of Odisha the evidence of reforms implemented under State Reform Action Plan (SRAP) - 2020 as stipulated by DPIIT, Government of India. SRAP is a list of 301 recommendations to be undertaken by states and union territories to improve the business environment for setting up and operating industries in the State. 

 

As part of this exercise, IPICOL coordinated with 18 departments and organisations of the Government of Odisha 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. These reforms will enhance the ease of doing business by ensuring online and timely services delivered by various departments and organisations of the state government.

 

The IPICOL has integrated additional 9 services covering 5 Departments with the State Single Window System GO SWIFT ensuring comprehensive facilitation support to industries.

 

One of the other key reform points implemented in SRAP has been the elimination of the requirements of renewals of certificates/ approvals/ licenses or establishment of an online auto-renewal system under 8 services.

 

IPICOL 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, Government of India.

 

These investment-friendly reforms will play a critical role in positioning Odisha as an attractive investment destination.

IPICOL ‘Top Performer’ amongst State

 IPICOL ‘Top Performer’ amongst State IPAs in India:
Invest India

In the recently concluded State Investment Promotion Agency (IPA) ratings report, released by Invest India in collaboration with the World Bank Group, Odisha’s state investment promotion & facilitation agency, IPICOL, has been categorized as “Top Performers” amongst 20 State IPAs with an overall score of 98%.

 

This assessment was meant to measure the preparedness of the Indian State IPAs to attract and facilitate investment projects. For the assessment Invest India undertook a survey with 74 questions across 8 pillars. These pillars included Mandate and Organization, Strategy and Marketing, Targeting Investors, Winning Investment Projects, Facilitating Investments, Aftercare, Systems and Infrastructure and Website.

 

The State IPAs were evaluated by the joint team from Invest India and World Bank Group. The states have been classified into four categories: Top Performers, Aspiring Leaders, Promising Developers and Emerging Potential.

 

As per the report, the Top performers are the IPAs that are most prepared for attracting and retaining investors and perform well across many or all the eight Pillars. They demonstrate multiple aspects of internationally recognized good practices

 

The report states “We congratulate IPICOL for taking remarkable measures that have resulted in it becoming one of the leading investment promotion agencies in India. We commend the far-sightedness of the State IPA and its leadership for taking the steps to prove its relevance in this competitive landscape.”

 

IPICOL over the past few years has worked extensively to make the doing business environment in Odisha conducive and hassle-free by bringing in institutional, systemic and technological reforms. This was reflected in the pillar-wise scores, in which it scored 100% in 7 pillars while scoring 80% in the remaining one.

 

The report also praised IPICOL’s vision for growth by mentioning that “The noteworthy initiative taken by the state to strategically decide its focus sectors and sub-sectors and curate its investment promotion & targeting approach accordingly will play a critical role in positioning Odisha as an attractive investment destination”.