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Sector Biotechnology
State Odisha
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Overview

Odisha is in a unique position to support investments in Biotechnology sector considering some of its unique competitive advantages as listed below:

  • The State has been blessed with rich Bio-diversity. The State has a long coastline covering 480 Kms. Chilka lake- the largest brackish water lake in Asia has a unique ecosystem. Koraput district of southern Odisha has been identified by Food and Agriculture Organisation (FAO) of UN as Global Agricultural Heritage site which is among only other three sites in the world.
  • The State also boasts of high intellectual capital and resources required for establishment and growth of knowledge-based industries in the State. The Capital city Bhubaneswar has many premier academic and research institutions such as AIIMS, IIT, ILS, NISER, etc. The highly skilled manpower coming out of these institutions can be harnessed to establish Biotechnology industries in the State.
  • Government of Odisha is establishing a Bio-tech park over about sixty acres of land on the outskirts of the Capital city of Bhubaneswar. Odisha Industrial Infrastructure Development Corporation (IDCO), a State PSU has signed a lease cum- Development Agreement with Bharat Bio-Tech International Limited (BBIL), a Hyderabad based farm to develop the 1st Bio-tech Park in the State. The Park will also have a Biotech Incubator spread over 10 acres.
  • To support growth of Bio-technology based industries in Odisha, the Department of Science & Technology announced the Odisha Bio-technology Policy in 2016. Bio-technology is recognised as a priority sector under Industrial Policy Resolution (IPR-2015). The policy provides numerous incentives for priority industry. The State also has an excellent MSME Development Policy and a Start up Policy. The fiscal, non-fiscal incentives and any other support measures available under IPR 2015, MSME Development Policy & Start up Policy, shall be available to units under the Biotechnology Sector
Invest Odisha

State Incentives

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  • One-Time Incentives
  • Recurring Incentives
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Land Cost Rebate

Land at subsidised rates as per the Industrial Policy 2015: 

  • Applicable for all industries

25% subsidy on cost of land:

  • Applicable for Anchor Industrial Units, i.e. for investments by lead investors in a park or cluster which would promote and further facilitate investment in the park or cluster

Exemption from payment of premium, leviable under OLR Act.1960 (Change of land-use charges):

  • 100% up to 100 acres and 50% for balance area
Fixed Capital Rebate

Capital grant to support Quality Infrastructure in Industrial parks/clusters:

  • 50% of the infrastructure cost with a ceiling of INR 10 crores per green field industrial park/cluster
  • 50% of total cost with a ceiling of INR 5 crores for up gradation of brown field clusters

For MSMEs:

@ 25% subsidy:

  • For Micro & Small up to INR 1 crore

@ 30% subsidy:

  • For Micro & Small up to INR 1.25 crores owned by SC, ST, Differently abled, women or technical entrepreneur

Additional 5%:

  • For MSMEs unit in industrially backward districts including KBK or Up to INR 10 lakhs for units engaged in recycling of E-waste, Hospital waste, Construction & demolition waste
Stamp Duty Exemption

100% Exemption:

  • With respect to land allotted by the Government to IDCO or Govt/IDCO to Private Industrial Estate Developers or when transfer of land/shed by Govt, IDCO and Private Industrial Estate developer to industrial units.
  • On Loan agreements, credit deeds, mortgages and hypothecation deeds executed by the Industrial Units in favour of Banks or Financial Institutions
Other Incentives
  • One-time reimbursement of Energy audit cost for MSMEs with maximum cap of INR 3 lakh
  • Environmental Protection Infrastructure Subsidy of 20 Lakhs or 20% of capital cost of setting ETP for MSMEs
  • 100% of the registration for Patent Registration cost up to maximum of INR 10 Lakhs
  • Quality Certification: Renewal for consecutive two years i.e. for a period of 3 years @ 100% to a total maximum limit of INR 3 Lakhs
  • Assistance for technical know-how: 100% of cost of purchase of technical know- how up to INR1 Lakh in case of indigenous technology and up to INR5 Lakhs in case of imported technology
  • Entrepreneurship Development Subsidy: Reimbursement of 75% of course fee limited to INR 50,000 per course 
  • One time grant up to INR 2 crore for setting up or upgrading Biotechnology Center of Excellences, Biotech Enterprise and Skill Development Schools, and Incubators

For Workers' Hostel:

  • Land rate at 50% of the prevailing market rates of IDCO for 1-3 acres of land, based on employment and investment with minimum investment of INR 100 crores in a forward district with employment for 100 workers and INR 50 crores in backward district with employment of 75 workers.

For MSMEs:

  • Seed Capital Assistance: One-time grant of 10% of term loan disbursed up to INR 15 lakhs for Micro & Small unit owned by 1st generation SC, ST, Differently abled or women entrepreneur in industrially backward districts including KBK
  • Project Report Subsidy: One-time grant of INR 50,000 or 2% of project cost, whichever lower for preparation of DPR/detailed feasibility report
  • Reimbursement of Audit Cost for Water Conservation: One-time reimbursement of 50% of audit cost up to INR 25,000
  • Assistance for raising Capital through SME exchange: One-time grant of 20% of expenditure in raising capital up to INR 10 lakh after successfully raising the equity
  • Trade Mark Assistance: 50% of expenditure up to INR 25,000
SGST Reimbursement

100% SGST reimbursement:

  • For a period of 7 years, to a maximum of 200% of cost of plant and machinery
  • For New Pioneer units for a duration of 9 years, to a maximum of 200% of cost of plant and machinery
  • For Anchor units for a duration of 9 years, to a maximum of 200% of cost of plant and machinery

This provision will be notified by government soon.

Skill Development/ Training Incentive

Reimbursement of training cost up to INR 1750 – INR 4000 per person:

  • For every person newly trained or undergoing skill upgradation for a period of three years, based on employment and investment with minimum investment of INR 100 crores in a forward district with employment for 100 workers and INR 50 crores in backward district with employment of 75 workers.

50% of skill upgradation or training for local manpower:

  • For MSMEs: Up to INR 3000 per person for maximum 10 persons in micro and 20 persons in Small and Medium enterprises. Additional INR 1000 per women trained
Interest Cost Subvention

5% per annum on term loan:

  • For a period of five years, to a maximum of INR 1 crore
Power Tariff Rebate

Reimbursement of INR 0.25 – 1.25 per unit:

  • For a period of 5 years, based on employment and investment with minimum investment of INR 100 crores in a forward district with employment for 100 workers and INR 50 crores in backward district with employment of 75 workers
Electricity Duty Rebate

100% Exemption:

For a contract demand of 5 MVA for 5 years

Employment Generation Incentive

@ 100% Reimbursement of Employment Cost Subsidy (ESI/ESF):

  • For 3 years for displaced employees and for 5 years for disabled employees

@ 75% for male; 100% for female:

  • For Micro & small units for 5 years

@ 50% for male; 100% for female:

  • For Medium units for 3 years
Other Incentives
  • Collaborative research grant up to INR 30 lakh per annum per project
  • Special funding support maximum up to INR 50 lakhs per annum to University/ Institutes/ Agencies/ Industries
  • Exempted from regular inspections based on Voluntary Compliance Scheme for Industries by Labour & ESI Department

Important Links

Major Players

  • Bharat Bio-tech International Ltd.

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