By Bizodisha Bureau, Bhubaneswar, Mayt 10, 2018: Mumbai-based Hind Aluminium Industries has proposed to set up a unit to produce 40,000 tonnes of aluminium conductors. Its proposal through the Odisha government’s Single Window for Investor Facilitation and Tracking (GO-SWIFT) portal, launched in November 2017 by Chief Minister Naveen Patnaik, becomes 200th proposal, official said.

The company has committed to invest ₹56.3 crore at Angul Aluminium Park for the project, which will create 200 jobs.

The project proposals submitted on GO-SWIFT to set up manufacturing units envisage a cumulative investment commitment of ₹1,060 crore with an employment potential of over 10,500 jobs. The proposals cover a variety of sectors including food processing, seafood, aluminium downstream, apparel, cement and tourism. The number of investment proposals has gone up 37 per cent post launch, against the six-month period before it.

GO-SWIFT enables industrial units to get customised information regarding incentives and requisite approvals about the proposed investment, select land, apply for single window clearance, obtain land and other utilities, get statutory clearances, take advantage of risk-based synchronised inspections by regulatory agencies, obtain post-land allotment services, resolve issues with government departments and also dovetail CSR activities with the developmental goals of the State.

Pointing out that the ease of application and expeditious approval process have resulted in a considerable increase in the number of investors wanting to set up shop in the State, an official: “We will continue to raise the bar for ease of doing business and are focussed on speedy implementation of investment proposals on the ground..

Some of the companies whose proposals were approved by the State Level Single Window Clearance Authority in the last six months include Manpasand Beverages, ITC Foods, Apar Industries, Sri Malani Foams, Vedanta and Lalchand Resorts. Over 6,600 industries have registered themselves on GO-SWIFT so far to avail various kinds of services.