Bhubaneswar, Mar 8: The Odisha Government will set up District Investment Promotion Agencies (DIPA) to promote and facilitate investment across the State, informed Industries Department on Monday.
“In a significant move to streamline the investment facilitation mechanism at the district level, the Government of Odisha has announced setting up of dedicated DIPA in each of the 30 districts. DIPAs will operate under respective district Collector with SPs, DFOs and line Department officials being constituent members. The Collector shall be supported by a team of professionals for investment facilitation, project monitoring and promoting local entrepreneurship,” read a release issued by the department.
The DIPAs will promote enterprises to create large-scale employments, ensure early resolution of investor grievances, create 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.
DIPAs will work as an extended arm of IPICOL and will be set up in phases from April 2021 to December 2021.
DIPAs will play an active and effective role in expediting setting up of large as well as MSME projects in the respective districts, added the release.