Bhubaneswar: The Government of Odisha Single Window for Investor Facilitation and Tracking (GO-SWIFT) portal has received 1,000 investment proposals in just less than two years of its rollout.
The one-stop portal that tracks the complete life cycle of an investment, received its 1,000th proposal from a Mumbai based chemical manufacturer. The unnamed company has proposed to invest Rs 162 crore to set up a manufacturing unit to produce chemicals to be used in water treatment purpose with an annual capacity of 72,000 cubic meter per annum.
The project has the potential to generate direct and indirect employment for 125 people. Minister of State Energy, Home, Industries and MSME Dibya Shankar Mishra said, ” In a span of less than two years, the portal has received its 1,000th application, which is a testament to its tremendous success for facilitating industrial projects Odisha. We will definitely continue to raise the bar for ease of doing business and are focused on speedy implementation of projects on the ground.”
The GO-SWIFT provides 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 departments.
The timelines mandated by Odisha Right to Public Services Act (ORTPSA 2012) have been mapped for each service to ensure that all approvals are delivered in a time-bound manner to the investors. The average time for the application of services has come down significantly due to GO-SWIFT. The proposal of Tata Steel Processing and Distribution Limited (TSPDL) to set up its unit at an investment of Rs 92 crore is approved in a record time of four days after submitting the application in GO SWIFT portal The Dept for Promotion of Industry and Internal Trade (DPIIT), Government of India, has also recognized GO SWIFT portal as best practice. The DPIIT has also advised other States/ UTs to evaluate the Single Window system/ online portal (GO SWIFT) of the State of Odisha for replication/adoption with suitable modifications.