Odisha Cabinet approves 17 proposals including IT policy 2022
India Today
Odisha state cabinet led by chief minister Naveen Patnaik on Tuesday approved 17 proposals, including the IT policy 2022, that seeks to make the state a preferred IT outsourcing destination.
The Odisha state cabinet headed by chief minister Naveen Patnaik approved 17 proposals, including the Odisha IT Policy 2022, on Tuesday. The government also approved to provide 9.68 acres of land to the Ministry of Culture for the construction of a Paika Bidroha Memorial in the memory of the Paika Rebellion at the foothills of Barunei Hill in Khurda district.
The cabinet also approved to set up a Dharmashala in Puri at a cost of Rs 135 crore.
As per the policy, the state government will provide 25 per cent of fixed capital investment for capital subsidy limited to Rs 20 crore to eligible IT firms. Another 15 percent of the cost of developing a solar power plant subject to a maximum of Rs 25 lakh will be reimbursed by the government.
Greenfield IT parks will be eligible for 100 per cent reimbursement of stamp duty, registration fee and conversion fee, Parliamentary Affairs Minister Niranjan Pujari told the Odisha Assembly on Tuesday.
Similarly, 30 percent of fixed capital investment in buildings and infrastructure, excluding the cost of land, will be provided, subject to a maximum of Rs 3 crore to eligible IT units. The government also announced interest subsidies for IT firms. The eligible IT units will be entitled to get an interest subsidy at 5 per cent per annum on term loans availed from recognized financial institutions and banks, subject to a maximum of Rs 10 crore per year for a period of 5 years from the date of commencement of commercial operation.
The policy also has provision for exemption of electricity duty and electrical inspection fees for 5 years. There will be reimbursement of electricity tariff at 30 per cent for 3 years capped at Rs 35 lakh per unit.
The state cabinet also cleared a proposal for the construction of a Dharmashala in the Baselisahi area of Puri at a cost of Rs 135.60 crore. The Dharmshala project will be implemented under the Augmentation of Basic Amenities and Development of Heritage and Architecture (ABADHA) scheme and will be completed in two years by Sriji Krupa, which has been roped in through tender.
