Archive for the 'Team Odisha' Category

Team Odisha steps in the last months on airports and air services

Angul, Bhadrakh, Bhubaneswar, Bringing International Connectivity, Dhenkanal, Ganjam, Jagatsinghpur, Jharsuguda, Jharsugurha, Keonjhar, Khordha, Others, Rangeilunda Berhampur, Rayagada, Rourkela, Sundergarh, Team Odisha 8 Comments »

Following is from the Team Orissa newsletter of AprilJune’2011.

In regards to the airport in Paradeep, there has been news that it will be an important aspect of the proposed PCPIR in Paradeep.

In the past, two other airport locations have been mentioned: Koraput/Jeypore/Sunabeda area and Balasore/Baripada/Rasgovindpur area. In fact, after Rourkela, Jharsuguda and Gopalpur, these two will be the important locations as they have the potential to be regional airports.

Team Odisha presentations during their June-July visit to USA

HRD-n-EDUCATION (details at orissalinks.com), INDUSTRY and INFRASTRUCTURE, Odisha Culture, Odisha govt. action, Ports and waterways, Team Odisha Comments Off on Team Odisha presentations during their June-July visit to USA

Following are presentations given by the Odisha delegation that visited US during June-July 2010.

Orissa government’s incentives to attract industries: IPR 2007

Odisha govt. action, Team Odisha Comments Off on Orissa government’s incentives to attract industries: IPR 2007

Following is from http://teamorissa.org/IPR_2007.zip. There is a lot of other useful information for industries looking for a home in the teamorissa web site.

Overview of Fiscal incentives offered by the Govt. of Orissa-IPR2007
(to eligible New units and existing units on substantial expansion which commence commercial production)

Sl.
IPR-
Incentive
SSI/ Tiny units
Medium
Large
Mega
Thrust sector*
Priority
IP/IE/SEZ
No
para
 
 
 
 
projects
 
sector
developer
 
 
(2)
(3)
(4)
 
(Graded)
 
 
 
(1)
 
 
 
 
 
(5)
 
 
 
1.
17.2
Stamp duty exemption
100%
50%
25%
NM
100%
50%
100%
2.
18.1
VAT exemption

100%-KVIC & H/craft, Coir etc.

NM
NM
NM
NM
NM
NM
3.
18.2
Entry Tax exemption

i. 100% on P&M ii. RM-5 yrs or 100% FCI

NM
NM
NM

1.100% on P&M 2. RM-5 yrs or 100% FCI

NM
NM
 
 
 
 
 
 
 
(CtoC-cabinet)
 
 
4.
18.3
CST
NM
NM
NM
NM
@2% for 10 yrs or 100% FCI
NM
NM
5.
18.4
VAT Reimbursement
50%-5 yrs or 100%
50%-5 yrs
NM
NM
75%-10 yrs or
75%-5 yrs
NM
 
 
 
FCI
or 100%
 
 
200% FCI
or 100%
 
 
 
 
 
FCI
 
 
 
FCI
 
6.
18.5
Entertainment Tax for
100%
100%
 
 
 
 
 
 
 
Multiplexes FCI> Rs 3
 
 
 
 
 
 
 
 
 
crore: Reimbursement
 
 
 
 
 
 
 
7.
19.1
Interest subsidy

@5% on term loan for 5 yrs with limit of Rs 10 lakh – Micro

NM
NM
NM

@5% on term loan for 5 yrs with limit of Rs 1 crore

NM
NM
 
 
 
and 20 lakh SSI
 
 
 
 
 
 
8.
20.1

Power: Electricity Duty exemption

100% Exemption for 5 years for contract demand of 110 KVA

same as (3)
same as (3)
same as (3)

100% Exemption for 5 years for contract demand

same as (3)
NM
 
 
 
 
 
 
 
upto 5 MW
 
 
9.
21
Patents registration
@ 50% with limit of
same as
same as
same as
same as (3)
same as
NM
 
 
cost reimbursement
Rs 5 Lakh
(3)
(3)
(3)
 
(3)
 
10.
22
Quality certification
50% of the
same as
same as
same as
same as (3)
same as
NM
 
 
(ISO) charges
expenditure with limit
(3)
(3)
(3)
 
(3)
 
 
 
reimbursement
of Rs 2 lakh
 
 
 
 
 
 
11.
23
Technical Know-how
50% of the
NM
NM
NM
50% of the
NM
NM
 
 
cost reimbursement

expenditure with limit of Rs 1 lakh–D

 
 
 

expenditure with limit of Rs 1lakh– D

 
 
 
 
 
Rs 5 lakh-M
 
 
 
Rs 5 lakh-M
 
 
12.
 
Investment Subsidy
NM
NM
NM
NM
NM
NM
NM
 

1

 
 
 

Source- Industrial Policy Resolution 2007

NM- Not mentioned; FCI-Fixed capital investment P&M-Plant and Machinery

* “Thrust Sector” means new industrial units in the following categories which commence fixed capital investment on or after the effective date and full fill the criteria stipulated as under.

Sector

Minimum Capital Investment

Employment Generation
 
 
(Direct)
Agro-Processing
Rs. 25 crore
100
Automobiles
Rs. 300crore
500
Auto-Components
Rs. 50 crore
200
Textile
Rs. 50 crore
500
Apparel
Rs. 10 crore
500
Ancillary & Down Stream
Rs. 10 crore
100
 

Note – Government may, by notification modify the above list and criteria as and when necessary.

“Priority Sectors” means – New Industrial units where fixed capital investment commences on or after the effective date and fall within the following categories. 1) Information technology and IT enabled service 2) Tourism related (hotels shall not be eligible for any fiscal incentive other than land at concessional industrial rate) 3) Bio-technology 4) Petroleum, Chemicals & Petro-chemicals 5) Pharmaceuticals 6) Handicraft, Handloom, Coir and Leather products 7) Gem stone cutting and polishing 8) Sea food Processing 9) Fly ash & Blast furnace slag based industries utilizing a minimum of 25% by weight as base raw material 10) Any industry other than mineral extraction and mineral based industries, which export more than 50% of its total turnover, duly certified by the Director, Export Promotion and Marketing. 11) Units not qualifying for “Thrust Sector” status for not meeting minimum capital investment criteria. Note – Government may, by notification modify the above list.

2

Orissa’s efforts to attract ancillary industries

Balasore, Bhadrakh, Cuttack, Jagatsinghpur, Jajpur, Odisha govt. action, Sambalpur, Steel, Steel ancilaries, Sundergarh, Team Odisha Comments Off on Orissa’s efforts to attract ancillary industries

Following is an excerpt from a report in Financial Express.

An 11-member team comprising industrialists from Haryana, Gujarat, Madhya Pradesh and Uttar Pradesh is on a three-day visit to Orissa to explore possibilities of investments in ancillary industries. The team on Wednesday visited the Kalinga Nagar Industrial Complex at Dubri in Jajpur district.

Orissa is now focusing on ancillary units of mega projects that are coming up in the state with a view to further value addition and employment generation.

While the proposed Jindal Stainless Steel Downstream Park (SEZ) at Kalinga Nagar is the focus, the government is also promoting the Choudwar Industrial estate to the visitors. Orissa is keen to have ancillary industries in Rourkela, Sambalpur, Paradip and Dhamra regions in addition to the Somnathpur Industrial Estate in Balasore.

The steel SEZ (JSSL) is to come up on 300 acres near the 1.6 mtpa steel plant project of Jindal Stainless, and will house industries to move up the value chain by churning out specific products for different sectors. Investment in the SEZ is envisaged to be to the tune of Rs 1,500 crore.

A study conducted by JSSL and international consultancy firm CB Richard Elis has pointed out that the precision cold rolling, pipes and tubes, auto components, engineering products, kitchenware and lifestyle products hold much promise.

"Advantages of setting up projects in Orissa are manifold as it is at the core of emerging Markets in eastern India comprising West Bengal, Jharkhand, Chhattisgarh and north east", the director industries, Hemanta Sharma, told the visiting industries. It is also the gateway to the Southeast Asian countries in terms of exports, he added.

The state government had lined up a comprehensive package including incentives and concessions to promote ancillary enterprises, Sharma said.

Asserting profitability of the ventures here, CEO of Jindal Stainless SS Virdi said applications of steel are growing faster compared with any metals as per capita consumption (PCC) is on the rise. In India, the PCC is only 1.1 kg compared with 15-20 kg in developed countries.

Genetech City: Progress on the proposed Biotechnology park in Bhubaneswar

Bhubaneswar- Cuttack- Puri, BioTech, Pharma, IDCO, Khordha, Team Odisha 1 Comment »

Following are excerpts from a New Indian Express report.

Work on the Genetech City, the proposed bio-technology park at Andharua, on the outskirts of the city, will start from December if things go as per schedule.

The bio-technology park will be developed in PPP mode through competitive bidding route and the Science and Technology Department has invited tenders from private firms for development of the park on 54 acres provided by the State Government.

Eight developers – Akruti Nirman Limited, Mumbai, Eldeco Infrastructure and Properties Limited, New Delhi, Bharat Biotech Infrastructure, Hyderabad, TCG Urban Infrastructure and Holding Ltd, Mumbai, Ambience Developers and Infrastructure Pvt Ltd, New Delhi, Bhubaneswar Entertainment World Developers, Indore, Ramkey Infrastructure Ltd, Hyderabad and Unitech Limited, Kolkata have bided for the project.

The bidders have been asked to make their presentation to the Government on the project and bid selection will be completed by the end of this month, official sources said.

While 25 acres of the Genetech City will be used as bio-technology and pharmaceutical corridor, an information technology centre will be developed on another 15 acres. A bio-tech incubator centre will be developed on an area of 10 acres, sources said. IDCO has been entrusted with the job of infrastructure development of the park.

Reecent Steel, Aluminium and Power projects: From Team Orissa’s September 2007 newsletter

Aluminium, Cuttack, Dhenkanal, Koraput, Steel, Sundergarh, Team Odisha, Thermal Comments Off on Reecent Steel, Aluminium and Power projects: From Team Orissa’s September 2007 newsletter

Following is from Team Orissa‘s September 2007 newsletter.

20071004sept-team-orissa.JPG