Bhubaneswar: Odisha received its 200th investment proposal from Mumbai-based Hind Aluminium Industries which committed to invest Rs 56.3 crore at Aluminum Park in Angul to set up a unit to manufacture 40,000 metric tonnes of aluminium conductors.

The proposal was received on the state government's portal "Single Window for Investor Facilitation and Tracking" (GO-SWIFT), which was launched recently.

The project proposals submitted on GO-SWIFT to set up manufacturing units envisage a cumulative investment commitment of Rs 1,060 crore.

The proposals belong to a variety of sectors ranging from food processing, seafood, aluminium downstream, apparel, cement and tourism.

Compared to the six-month period prior to the launch of GO-SWIFT, the number of investment proposals received after launch has gone up by 37 per cent.

Commenting on the development, Odisha industries Secretary Sanjeev Chopra said: "We are committed to ensure investor-friendliness and it is highly encouraging to note that within a short span of six months, GO-SWIFT has received more than 200 investment proposals from investors across the country."

"Due to the significant ease of application and expeditious approval process, there has been a considerable increase in the number of investors wanting to set up their business in the state. We will continue to raise the bar for ease of doing business and are focused on speedy implementation of investment proposals on the ground", he said.

Some of the leading companies whose proposals were received and approved by State-Level Single-Window Clearance Authority in the last six months include Manpasand Beverages, ITC Foods, Apar Industries Limited, Sri Malani Foams (a company from the house of Century brand of mattresses), Vedanta and Lalchand Resorts, among others.

GO-SWIFT has integrated all existing technological applications of the Odisha industries department .