The government may extend the scheme for investment promotion 2017-20, with an aim to attract investors and promote economic growth of the country, an official said.
Mohapatra told the concerned departments to "adhere to the timeline scrupulously", it said
The civil aviation ministry has set up a single-window clearance mechanism to expedite various investment proposals in the domestic aviation industry
The Odisha government on Monday approved five investment proposals worth Rs 608.79 crore in sectors like Metal, Food Processing, and Logistics & Infrastructure, which may generate employment for 1,496 people in the state.In a meeting chaired by Chief Secretary Asit Kumar Tripathy, the investment proposals were approved at a State Level Single Window Clearance Authority (SLSWCA).As per the Industrial Promotion and Investment Corporation of Odisha (IPICOL), the approved projects includes Metal Downstream sector, Iron Ore plant, Pellet Plant, among others.According to the press release, "In a big boost to the State's metal downstream sector, Reliable Sponge Pvt. Limited is looking at setting up an Iron ore beneficiation plant of 2.5 million tonnes per annum (MTPA) and Pellet Plant of 2.0 MTPA, with an investment of Rs 250 crore and providing employment to about 250 people.""Whereas Growel Feeds Pvt. Limited will be setting up a Shrimp/Prawn feed and fish feed manufacturing ...
Gross fixed capital formation - an indicator of investment demand -as a percentage of GDP, fell to nearly two-decade low
Projects are expected to generate more than 11,000 new jobs; letters of comfort already issued or are in the process of being issued
The company has already undertaken transactions worth $50 million in 13 startups in the last two years
The DPIIT figures are in sharp contrast with other official statistics
While number of commitments inched up in 2015, value slipped 23% to 11-yr low