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Odisha sets up special entity ‘SLFC’ to fast track Investment approvals

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The Odisha government has set up a special entity to fast track approvals for investment projects. The new entity christened state level facilitation cell (SLFC) has been mandated to clear investment proposals in 15-30 days.

  • The SLFC has categorised companies in two broad categories — green and non-green.
  • The green category largely comprises agri-based industries, food-processing, cottage industries, textiles, light engineering, chemicals, building materials, and consumer goods.
  • Under the new arrangement, SLFC will provide clearances to green category projects within 15 days. All other industrial projects placed under the non-green category would receive approvals within 30 days.

About State level Facilitation Cell

  • The SLFC will monitor the general and special conditions of approved project proposals and facilitate their timely implementation.
  • The SLFC consists of members from Odisha Industrial Infrastructure Development Corporation (Idco), Odisha Power Transmission Corporation Ltd (OPTCL), State Pollution Control Board (SPCB), directorate of factories and boilers, water resources department on a full-time basis.
  • Representatives of national level industry associations will also be a part of the SLFC board to mentor and guide investors.