The government of Odisha has reportedly approved the Electronics Component Manufacturing Policy and the Information Technology (IT) Policy. The state cabinet, chaired by chief minister (CM), Odisha, gave its approval during a meeting.
The chief secretary, government of Odisha, stated that the Electronics Component Manufacturing Policy is aimed at generating high-skilled employment while simultaneously reducing India’s dependence on imported components. He added that the policy incorporates a comprehensive incentive framework, which fully aligns with the central government’s Electronics Component Manufacturing Scheme (ECMS).
Further, the policy provisions allow investors to claim a 50 per cent capital subsidy for the first 10 large-scale projects, or alternatively, opt for a matching subsidy along with turnover-linked incentives and additional capital support. For projects beyond the tenth, a 35 per cent capital subsidy will be made available.
Furthermore, other benefits under the policy include land allotment, rental assistance, a 10-year electricity duty exemption, and power tariff reimbursements. Special measures have also been introduced for mega projects involving investments above Rs 5 billion or generating over 1,000 jobs.
Meanwhile, the Odisha IT Policy 2025 has been structured to generate direct and indirect employment for nearly one million people in the IT/ information technology enabled services (ITeS) sector over its implementation period.
Similarly, to draw in more investments, the IT policy provides multiple business-friendly incentives such as capital and interest subsidies, land and rental support, and reimbursement of state goods and services tax (SGST).
Additionally, the cabinet also granted post-facto approval for the appointment of three members to the Odisha Public Service Commission (OPSC).
