Odisha is uniquely positioned to attract Ancillary and Downstream to Metal investments. The state has enjoyed 2 decades of stable and transparent governance which has enabled a higher the national average GSDP growth. Odisha is the only resource-rich coastal state in India with the largest mineral production in India along with the largest deposits of Iron Ore, Bauxite, Chromite and Nickel. The state is also home to the Paradeep port, the largest port in Eastern India, which provides a gateway to the ASEAN region.
Over the past few years, Odisha has also emerged as the skill capital of India with presence of globally recognised institutes of Higher Learning & Research including Institute of Minerals & Materials Technology, Biju Patnaik National Steel Institute, IIT, IIM, IIIT, NIT, AIIMS, KIIT, XIMB. The state is one of the first to have a dedicated Skill Development Authority, which develops customised training programs for workers based on Industry's requirement. Finally, the State provides one of the most competitive cost of doing business with amongst the lowest land and utility charges in the country backed by an enabling doing business framework.
The State has identified downward & ancillary industries in metal sector as a focus sector. The State is the largest producer of steel, stainless steel and aluminium in the country. The Government is developing various investment regions and Industrial Parks such as the Kalinganagar National Investment and Manufacturing Zone, Stainless Steel Industrial Park at Kalinganagar and downstream Aluminum Park at Angul. Unit setting up in these parks would have committed feedstock from the mother plants in the vicinity and world class infrastructure with enabling ecosystem. The State has also developed a roadmap to add value to at least 50% on the metal produced within the State by the year 2030.
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
@ 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
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
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
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 INR 5 Lakhs in case of imported technology
Entrepreneurship Development Subsidy: Reimbursement of 75% of course fee limited to INR 50,000 per course
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.
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
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
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