Odisha Govt brings CSR under Industries Department

Bhubaneswar, June 29 (KNN) In order to increase the scope of investment and export promotion, the Odisha Government has decided to bring corporate social responsibility (CSR) under the administrative control of the Industries Department.

Cabinet presided by the Chief Minister Naveen Patnaik has decided to bring CSR under the Industries Department of the state. In the decision, the Government decided to  transfer the Odisha Investment and Export Promotion Office (OIEPO) from the administrative control of MSME Department to Industries Department.

The OIEPO was set up in the office of Resident Commissioner, New Delhi in 2005 as part of the Industrial Policy Resolution (IPR), 2001 with an aim to promote Odisha as an attractive investment destination and facilitate export promotion.

As the scope of investment and export promotion does not restrict itself only to small and medium industries, the State Government has decided to transfer this organisation to the administrative control of Industries Department, Chief Secretary AP Padhi said.

The Cabinet has also approved the method of recruitment and condition of services of Inspector of Supplies. As per new rules, 90 per cent of Supply Inspectors will be recruited directly while 10 per cent of the vacancies will be filled up by promotion from among Market Intelligence Inspectors and statistical assistants with at least two years of experience.

The Chief Secretary said a decision was taken to amend the provisions of Odisha Development Authorities Act, 1982 to appoint more officers to hear appeals against the decisions of development authorities. Where more than one officer is appointed, the State Government will specify their respective jurisdiction to hear the appeal.

The Cabinet approved a new OTS-2016 for Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL). As per the OTS, exponential rise in land price and value of fixed assets of non-performing units will be considered to calculate the settlement amount to minimise the loss of IPICOL and enhance the realisation from NPAs. The scheme will also help entrepreneurs to clear their mounting loan dues which they are unable to liquidate because of various factors. (KNN Bureau)