Bhubaneswar, March 8: The Odisha Government will set up District Investment Promotion Agencies (DIPAs) to promote and facilitate investment across the State, said an official release.
“In a significant move to streamline the investment facilitation mechanism at the district level, the Government of Odisha has announced setting up of dedicated “District Investment Promotion Agencies” (DIPA) in each of the 30 Districts across the State,” said an Industries Department communiqué.
The DIPAs will operate under the leadership of respective District Collector with other senior district officials including SPs, DFOs and line Department officials being constituent members. The District Collector shall be supported by a team of professionals for investment facilitation, project monitoring and promoting local entrepreneurship, it said.
The DIPAs will be housed at the District Collectorate and the key roles of DIPA will include facilitating and handholding entrepreneurs during project implementation, promoting enterprises to create large-scale employment, investment promotion leveraging local strengths of respective districts, ensuring early resolution of investor grievances, creation of land bank for fast project implementation and closely monitoring implementation of major road, power supply and water supply projects which will facilitate industrialization and economic growth, it added.
DIPAs will work as an extended arm of IPICOL and will be set up in phases from April 2021 to December 2021, it read.
DIPAs will play an active and effective role in expediting setting up of large as well as MSME projects in the respective districts. This initiative will provide a significant boost to the business environment and thereby generate significant local employment.
The performance of DIPAs will be monitored by State Level Single Window Clearance Authority and will also be evaluated through annual rankings of districts based on investor feedback.