Bhubaneswar, Aug 14:
The Accountant General (AG) will conduct an audit on the implementation of various schemes and operational guidelines listed by the Odisha government in its Industrial Policy Resolution (IPR)-2007, it was revealed in a recently organized meeting of Deputy Accountant General (DAG) with state government officials.
The decision to conduct a theme-based audit on ‘Implementation of IPR-2007’ for incorporating the same in its audit report on economic sector-Odisha for 2012-13 was taken by the Comptroller and Accountant General (CAG) of Government of India. The audit will cover the period from 2007-08 to 2012-13.
The audit team will examine the related records at Industries department, Directorate of Industries, Directorate of Export Promotion and Marketing, 10 selected district industries centres (DICs), Industrial Promotion and Investment Corp of Odisha Ltd (lPICOL) and Odisha Industrial Infrastructure Development Corporation (IDCO).
The audit is aimed at assessing whether the programmes envisaged in the IPR-2007 were implemented economically, efficiently and effectively so as to achieve the objectives and if programme-specific operational guidelines, as well as financial rules and regulations, were duly complied in the process of implementation of the IPR. The audit exercise would also examine if the required review and monitoring mechanism were put in place.
The government documents that will be vetted by the audit team include IPR-2007, operational guidelines issued by the government from time to time, Odisha Industries (Facilitation) Rules-2005, Plan priorities and targets set in annual Plans, government circulars on inspection and monitoring and conditions of sanction of funds.
In order to boost enterprises in the micro, small and medium enterprises (MSME) sector, the IPR policy resolution focused on undertaking a special drive for modernisation of such units, facilitating greater flow of industrial credit, providing marketing support, rehabilitation of potentially viable sick industries and development of special industrial parks for ancillary and downstream units.