Odisha Govt Approves New IT, Electronics Manufacturing Policies

• Odisha approves Electronics Component Manufacturing and IT Policy-2025 to attract investment
• Electronics policy provides subsidies, land support, and exemptions, with special benefits for mega projects
• IT Policy-2025 aims to create 1 million IT/ITeS jobs with financial and land incentives

The Electronics Component Manufacturing Policy, according to Chief Secretary Manoj Ahuja, seeks to provide high-skilled jobs and lessen dependence on imports of electronic components.

The policy will provide a total incentive framework which fully matches the support under the federal government's Electronics Component Manufacturing Scheme (ECMS).

Investors can receive a 50 per cent capital subsidy for the first ten large-scale projects or can choose from a matching subsidy, turnover-linked incentives, or additional capital support. Projects from the 11th and on will have a captilization subsidy of 35 percent.

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Additional incentives available include land allocation, rental incentives, 10-year exemption from electricity duty, reimbursements for power tariffs, and other business needs. Additional special provisions exist to mega projects that invest over Rs 500 crore or employ over 1,000 workers.

The raw intensity of Odisha's IT Policy -2025 is aimed at creating one million jobs, direct and indirect, in the IT & IT-enabled services (ITeS) during the policy period.

The policy has several investment-related incentives, such as capital & interest subsidies, land and rental support, and state GST reimbursement to draw investment.

Though the cabinet approved the state policy, it interfered with the new appointments at the Odisha Public Service Commission (OPSC) by giving post-facto approval of three appointments.