INDIAN STATE : ORISSA

Investment Incentives

Incentives under new industrial policy

• Deregulation and simplification of rules and procedures.
  
• Rationalization of labour laws.
  
• Facilitation of industrial restructuring.
  
• Accelerated development of physical and social infrastructure through public-private partnership.
  
• Facilitating timely implementation of fast track projects.
  
• To attract mega-projects into the state, special package of incentives may be considered for new industrial projects with a capital investment of US$ 65.0468 million (Rs 300 crores) and above.
  
• To encourage and ensure the growth of small-scale sector a range of incentives such as cluster development approach, back-end financial support and market support will be provided.
  
• Single window clearance in order to promote faster and one point clearance.

Incentives under the Information & Communication Technology Policy

• IT and ITES units are declared as public utility services under the provisions of the industrial dispute act, 1947. They are allowed to work in three shifts as continuous processing units.
  
• Exemption from the clearance and routine inspections.
  
• Exemption from the payment of Sales Tax for a period of five years.
  
• No power cuts for important IT building infrastructure such as IT parks, STPI complex.
  
• Exemption from payment of electricity duty.
  
• Exemption from clearance from electrical inspector for approving contract demand of load and appliances to be fitted in an IT unit.
  
• Orissa Computer Application Centre (OCAC) would be the nodal agency, which would be the single window facilitator.
  
• New IT/ITES sector will be entitled to an interest subsidy at the rate of 5 percent per annum for a period of 5 years subject to a maximum of US$ 43,360.73
  
• Electrical energy consumption by IT/ITES units shall be charged at industrial rate subject to approval of approval of OERC.
  
• No stamp duty on land allotment to IT/ITES units.
  
• Special package of concessions will be offered to mega IT projects involving project cost of US$ 2.16752 million and above providing employment opportunities to more than 500 persons within a period of two years.
  
• Price preference of 10 percent to local IT units participating in the E-governance projects of the state government.

Investment Opportunities

• Mineral and mineral based industries
  
  • Sponge iron unit
    
  • Induction furnace
    
  • Coal washery
    
  • Co-generation power
    
  • Aluminum fluoride
    
  • Powder Metallurgy
    
  • Aluminum downstream
    
  • Gemstone Processing

List of major industries investing in Orissa

1. JINDAL
2. Infosys Technologies Ltd
3. AES Corporation
4. Balasore Alloys Ltd (BAL)
5. Bargarh Cement Ltd (BCL)
6. Paradeep Phosphates Ltd (PPL)
7. Pohang Steel Company (Posco)
8. Reliance Energy Ltd (REL)
9. Satyam Computers Ltd
10. Mahanadi Coalfields Ltd (MCL)
11. National Aluminium Company Ltd (NALCO)
12. National Thermal Power Corporation (NTPC)
13. Steel Authority of India Ltd (SAIL)
14. Tata steel
15. Tata Refractories Ltd (TRL)
16. Utkal Aluminium
17. Vedanta Resources Ltd