The Odisha Cabinet has approved a new Registered Vehicle Scrapping Facility Policy-2022. The policy is expected to play a major role in reducing vehicular air pollution.
The policy was approved at the 52nd meeting of the State Cabinet chaired by Chief Minister Naveen Patnaik on Tuesday. A total of 17 key proposals of 12 departments were approved by the Cabinet at the meeting.
As per the new Registered Vehicle Scrapping Facility Policy-2022, all old vehicles that have completed 15 years will be scrapped at the scrapping centre. Vehicle owners will get incentives to buy new vehicles.
The Cabinet has also approved Industrial Policy Resolution (IPR) 2022 for next five years. This policy aims to transform Odisha into "Industrial Hub of Eastern India" by promoting industries in thrust & priority sectors of the state.
The Odisha Logistics Policy 2022 that is expected to create integrated logistics system to enhance competitiveness, operational efficiency and sustainability has also received the Cabinet nod. The policy is expected to strengthen the State's position as a preferred destination for trade and commerce.
The policy aims to map, develop and augment logistics facilities across the state, improve efficiency of supply chain, decarbonise logistics sector. The policy will also facilitate private sector investment which will lead to employment generation in Odisha.
The State Cabinet has also approved Odisha Apparel and Technical Textiles Policy-2022 that will boost employment and enhance economic growth. The policy includes incentives like Capital Investment Subsidy, Employment Cost Subsidy & Market Development Initiative.
Moreover, the Cabinet has approved the Export Promotion Policy 2022 to take Odisha to the league of top five exporting states, achieve an export target of Rs 3.5 lakh crore by 2026-27. It advocates diversification of Odisha’s export basket by facilitating value addition.