TV
The Odisha Cabinet on Tuesday unveiled two forward-looking frameworks, namely the IT Policy-2025 and Electronics Component Manufacturing Policy-2025. The policies promise land allocation, rental aid, a decade-long electricity duty waiver, and power tariff reimbursements.
Notably, mega projects exceeding Rs 500 crore or creating more than 1,000 jobs will get special concessions, with the state eyeing reduced import dependence and high-value employment generation.
IT Policy-2025: Expanding Digital Opportunities
According to The New Indian Express, the IT policy aims to employ nearly 10 lakh people in IT and IT-enabled services. It includes a 30 percent capital subsidy without any investment ceiling, rental assistance, and land support for companies.
Other benefits include State GST reimbursement, utility charge waivers, patent registration support, and skill development incentives.
To strengthen infrastructure, the policy outlines cable landing stations, IT towers, SEZs, and co-working spaces, alongside promoting AI, cloud, and analytics for governance and service delivery.
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Electronics Component Manufacturing: Boost for Local Production
Meanwhile, the Electronics Component Manufacturing Policy-2025 offers a 50 percent capital subsidy for the first 10 large-scale projects, and 35 percent for subsequent ones. Concessions also include turnover-linked incentives, a 10-year waiver on electricity duty, and tariff reimbursements.
For mega projects, either above Rs 500 crore in investment or employing more than 1,000 people, Odisha has earmarked special incentives. The move is expected to cut reliance on imports, encourage high-value manufacturing, and create a sustainable workforce, said sources.
