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IPICOL ‘Top Performer’ amongst State IPAs in India: Invest India

Bhubaneswar, 20 December 2020: In the recently concluded State Investment Promotion Agency (IPA) rating report, released by Invest India in collaboration with the World Bank Group, Odisha’s state investment promotion & facilitation agency, IPICOL, has been categorized as “Top Performers” amongst 20 State IPAs with an overall score of 98%.

 This assessment was meant to measure the preparedness of the Indian State IPAs to attract and facilitate investment projects. For the assessment, Invest India undertook a survey with 74 questions across 8 pillars. These pillars included Mandate and Organization, Strategy and Marketing, Targeting Investors, Winning Investment Projects, Facilitating Investments, Aftercare, Systems, and Infrastructure, and Website.

 The State IPAs were evaluated by the joint team from Invest India and World Bank Group. The states have been classified into four categories: Top Performers, Aspiring Leaders, Promising Developers and Emerging Potential.

 As per the report, the Top performers are the IPAs that are most prepared for attracting and retaining investors and perform well across many or all the eight Pillars. They demonstrate multiple aspects of internationally recognized good practices

 The report states “We congratulate IPICOL for taking remarkable measures that have resulted in it becoming one of the leading investment promotion agencies in India. We commend the far-sightedness of the State IPA and its leadership for taking the steps to prove its relevance in this competitive landscape.”

 IPICOL over the past few years has worked extensively to make the doing business environment in Odisha conducive and hassle-free by bringing in institutional, systemic, and technological reforms. This was reflected in the pillar-wise scores, in which it scored 100% in 7 pillars while scoring 80% in the remaining one.

 The report also praised IPICOL’s vision for growth by mentioning that “The noteworthy initiative taken by the state to strategically decide its focus sectors and sub-sectors and curate its investment promotion & targeting approach accordingly will play a critical role in positioning Odisha as an attractive investment destination

About Ashok Palit

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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