Industry Promo in Backward Areas

The draft Industrial Policy Resolution, 2015 proposes to provide enabling industrial infrastructure in backward areas

Published: 03rd April 2015 06:02 AM  |   Last Updated: 03rd April 2015 06:02 AM   |  A+A-

BHUBANESWAR: In its bid to promote industrialisation in KBK and other backward districts, the State Government proposes to provide a host of incentives on investment.

The Government will provide enabling industrial infrastructure such as road connectivity, uninterrupted power supply, water supply, telecommunication and mobile connectivity, common facilities for storage and preservation and agri-marketing to promote industrialisation in KBK region and other backward areas of the State, said the draft Industrial Policy Resolution (IPR), 2015.

Industry.JPGThe State Government will identify potential sectors in each district and provide incubation support to units in those sectors. Non-mineral-based new industrial units, located in Kalahandi, Nuapada, Balangir, Subarnapur, Koraput, Malkangiri, Rayagada, Nabarangpur, Kandhamal, Gajapati and Mayurbhanj districts with minimum investment of Rs five crore in plant and machinery, will be treated as priority sector units and will be eligible for all incentives prescribed for the sector.

New industrial units under micro, small and medium enterprise (MSME) and non-MSME priority sector units will be entitled to get interest subsidy of five per cent for timely payment of term loan availed from public financial institutions for a period of five years from the date of commencement of production.

However, the reimbursement period will be seven years for new units in KBK region, Kandhamal, Gajapati and Mayurbhanj districts, the draft policy said.

Within six months of IPR 2015 coming into force, Industries Department will initiate deployment of a web-enabled platform for facilitating all statutory approvals of projects applied through combined application form (CAF).

The Industrial Promotion and Investment Corporation of Odisha Ltd (IPICOL) will develop and implement a web-based system to facilitate time-bound clearances to investment proposals, including facility for e-filing of CAF, e-payment of processing fees and virtual single window interface between investors and different clearance authorities, by the end of 2015-16.

IDCO will create land banks in areas with potential for industrial development. Those land banks shall be converted into Industrial Estates, Industrial Areas and Industrial Parks by provision of enabling infrastructure. IDCO will prepare a comprehensive land management regulation for industrial estates, parks and growth centres with the approval of the State Government, the draft note said.

All the feature films produced fully or partly inside the State shall be exempted from Entertainment Tax. The Managing Director of Odisha Film Development Corporation (OFDC) will be the nodal officer for

providing single window clearance for shooting of feature films in Odisha.

OFDC will formulate a scheme for extending soft loan assistance to Odia films at a nominal rate of interest subject to maximum ceiling limit to producers of films in the State, the draft policy stated.

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