Create a business climate conducive to accelerate investment in Industry & Infrastructure projects;
Raise income, employment and economic growth in the State;
Reduce regional disparities in economic development. To this end the government will:
Encourage private initiative and restrict its intervention to such areas where it enjoys a distinct comparative advantage;
Invite private investment for the development and operation of quality infrastructure;
Promote the image of Orissa as an attractive destination for investment and tourism;
Assume a proactive role in selected sectors such as:
Mineral-based industries
Craft-based products
Agro and marine-based industries,
Industries based on medicinal herbs and minor forest produce;
Tourism;
Electronics, Information Technology and Biotechnology
Encourage the creation of SSI clusters in similar lines of business;
Proceed more decisively with the restructuring and consolidation of sick industrial units;
Leverage the potential in SEZs to build concentration of technologically advanced manufacturing industries.
Policy Instruments: General Policy
Deregulation and simplification of rules and procedures, rationalisation of labour laws, facilitation of industrial restructuring and accelerated development of physical and social infrastructure through public-private partnership will enable a conducive business climate for attracting investments and establishment of competitive industry Medium / Large / Mega industrial projects.
Actively encourage investment in large industrial units, which, the Government acknowledges, have the potential to be the nuclei for further industrial and economic development. For these "fast track projects", clearances will be hastened eliminating the factors causing delay and facilitating timely implementation of such projects.
"To attract Mega Projects into the State, Special package of incentives may be considered for new Industrial Projects with a capital investment of Rs.300 crore and above on a case to case basis keeping in view the National Policy on Sales Tax related incentives." (Amended vide Industries Department Resolution No.17462/I dated.18.09.2002) SSI or Tiny Sector.
All efforts will be made to encourage and ensure growth of small-scale industries sector, in particular, through cluster development approach.
Back-ended financial support for SSI units in priority sector, by way of grant of interest subsidies.
Market support through preference in government procurement as detailed elsewhere in this IPR, to the SSI/Tiny sector with emphasis on competitiveness based on quality.
Single Window Clearances
Expeditious clearance of proposals is of prime importance to the promoters of industries.Therefore, "Single Window" concept will be implemented for:
Faster and one - point project clearance;
Single point dissemination of project related information to help the prospective entrepreneurs take expeditious investment decisions;
