By Nageshwar Patnaik in Bhubaneswar, July 14, 2015 : Odisha government will come up with new Industrial Policy Resolution [IPR] – 2015 by the end of this month with emphasis on value addition and employment generation.

“The new IPR is ready for the cabinet nod later this month. There have been some changes in the Draft IPR -2015 in public domain with emphasis on value addition and job creation. The policy also will ensure ease of doing business with several measures for hassle free regulatory clearances for grounding of the projects”, industry minister, Devi Prasad Mishra on Tuesday told “Bizodisha.com”.

The Industrial Policy Resolution (IPR) of Odisha 2001 and 2007 has put in place a robust policy framework for industrial promotion and investment facilitation in the State, including creation of an enabling environment. The Industrial Policy Resolution 2015 primarily aims at reinforcing and further expanding this process with some pragmatic solutions for the investors doing business smoothly.

In fact, to ensure single window clearance a reality, the industry department has now sough combined application to state owned IPICOL to ensure statutory clearances within a time bound manner through various official monitoring mechanism.

Concerned by the declining trend in investment flow particularly in the manufacturing sector, the state government has begun streamlining the facilitation process. “Ipicol has been mandated to collect the combined application from [CAF] the investors. A three tier single window clearance mechanism to facilitate speedy implementation of industrial projects is in place. At the helm, the High Level Clearance Authority (HLCA) chaired by the Chief Minister and State Level Single Window Clearance Authority (SLSWCA) chaired by the Chief Secretary shall provide the overall direction and guidance. The chief minister has asked me to monitor the progress of projects, before it is put up for his clearance”, Mishra informed.

Within six months of IPR 2015 coming into force, Industries Department shall initiate the deployment of a web enabled platform for facilitating all statutory approvals of projects applied through CAF .

Meanwhile, the state government has rolled out an ambitious road map to attract fresh domestic and foreign direct investment [FDI] of Rs 1.73 lakh crore by 2019-20. The plan includes holding road shows in Asian and European nations to attract FDI.

The road shows in China, Japan and Taiwan will most likely be kicked off in October to woo FDI in the steel, aluminium, plastic and polymers and food processing sectors.

In November, the government would hold road shows in Britain, Germany and Israel to tap foreign investment in multiple sectors, including agriculture and food processing, Mishra added.

The government also plans to host a global investment summit here sometime next year to woo entrepreneurs from across the world.

“A 12-membe delegation, headed by me has already toured the US to get businessmen pump in money into the IT, biotechnology, waste management and tourism sectors. We have got some positive feedback”, he remarked.

The government plans to generate 300,000 jobs by 2019 by raising manufacturing growth by 60 percent with targeted 15 percent growth per annum.

Mishra said the government has planned investment and employment generation in three manufacturing zones – Kalinganagar investment and manufacturing zone, Dhamra Port-based manufacturing zone and Paradip manufacturing zone.

Last month, the state government approved the SEZ Policy-2015 to attract investment – both overseas and domestic. It visualizes Special Economic Zones to be promoted by both the public and private sector developers individually or jointly.