Bhubaneswar, Feb 3 (PTI) The Industrial Promotion and Investment Corporation of Odisha (IPICOL) has completed submission of evidence of reforms implemented under State Reform Action Plan (SRAP) - 2020 by the state government as stipulated by DPIIT, an official said.

SRAP is a list of 301 recommendations by the DPIIT (The Department of Industrial Policy and Promotion) 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, the official said, the IPICOL coordinated with 18 departments and organizations of the state government 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 organizations 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, he said.

The official said, 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," he said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)