Odisha unveils IPR 2015, to attract Rs 1,73,000 cr investment

208 views Leave a comment

Bhubaneswar: Aiming to step adult expansion by boosting production sector, Odisha supervision currently denounced a new industrial process with skeleton to attract uninformed investments of Rs 1,73,000 crore in over 4 years.

“The process lays a roadmap to realize a prophesy of enhancing a share of production to 15 per cent of a state’s GDP by attracting new investments to a balance of Rs 1,73,000 crore,” Chief Minister Naveen Patnaik pronounced rising a Industrial Policy Resolution (IPR­2015) in Bhubaneswar.

Odisha Chief Minister Naveen Patnaik. PTIOdisha Chief Minister Naveen Patnaik. PTI

Odisha Chief Minister Naveen Patnaik. PTI

Targeting approach practice to about 3 lakh people with a new IPR, Patnaik pronounced while mines and minerals would continue to be in focus, a process would chaperon in new investments in production zone and make Odisha a end for both domestic and general investors.

The specific sectors underneath concentration embody industries like automobile components subordinate and downstream units, chemicals and petro-chemicals, electronics
system design  manufacturing (ESDM), food processing, IT/ITes, plastics and textiles.

IPR-2015 is directed during attracting investors and pivoted on a ‘ease of doing business’ framework, incentivising new economy sectors and employment­intensive industries in the state, while surveying a government’s
solve to broad-base value combined production comforts from being mostly mining and vegetable dependent.

Given Odisha’s vital advantages, it is uniquely placed to attract substantial investments in the focus sectors.

IPR 2015 offers employment­ based incentives to prospective investors.

Other incentives embody grants for private zone investments in both greenfield and brownfield infrastructure, subsidies in energy tariff, training, collateral investment and payment of value­-added tax, stamp avocation grant and concessional land cost for investments in specific sectors.

Identifying 21 sectors as priority areas, a new process also provides for additional incentives to anchor units. Another underline of IPR-2015 is to set adult an infrastructure growth account with an initial corpus of Rs
100 crore for building outmost infrastructure services.

  • Lot of extract in rosogolla wars: Mamata rushes to get GI tagging to kick Naveen

    Lot of extract in rosogolla wars: Mamata rushes to get GI tagging to kick Naveen

  • GST: Isn't it time states did a complicated lifting when they have a many to gain?

    GST: Isn’t it time states did a complicated lifting when they have a many to gain?

  • After talks with PMO, Odisha might offer JV with OMC to deliver Psoco's $12 bn project

    After talks with PMO, Odisha might offer JV with OMC to deliver Psoco’s $12 bn project

Another important underline of a new policy is to get quick ­pace approvals through technology integration and dedicated investor facilitation cells. 

For instance, Green Category Industries will now be approved within 15 days and for other projects, a approvals would be accorded within 30 days. 

The state has listed 42 services germane for industrial growth underneath a right to open services.

The arch apportion also launched a website and a mobile app dedicated to yield useful information to investors in several sectors in a state.

PTI

RELATED ITEMS