Odisha Cabinet passes 17 proposals including IT policy 2022

Naveen Patnaik

Chief Minister Naveen Patnaik-led Odisha state cabinet has approved the Odisha IT Policy among the 17 proposals it passed recently. The government has also approved sanctioning 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.

Further, the cabinet has also cleared the plan of setting up a Dharamshala in Puri at a budget of INR 135 Cr.

Brief about IT Policy

According to the policy, the state government will bear 25% of the fixed capital investment requirement for a total subsidy amount limited to INR 20 Cr to appropriate IT firms. Additionally, another 15% of the cost of building a solar power plant within a maximum amount of INR 25 Lakh budget will be reimbursed by the government.

Further, as per Parliamentary Affairs Minister Niranjan Pujari, Greenfield IT parks will receive 100% reimbursement of stamp duty, registration and conversion fees.

Likewise, 30% of fixed capital investment in buildings and infrastructure, excluding the cost of land, will be provided within a maximum budget of INR 3 Cr to eligible IT units. The government has also announced interest subsidies for IT firms.

Under this initiative, eligible IT units will receive an annual interest subsidy at 5% on term loans taken from recognised financial institutions and banks within a threshold of a maximum INR 10 Cr, per year for five years from the date of commencement of commercial operation.

The policy also includes exempting electricity duty and electrical inspection fees for five years. Moreover, there will be a 30% reimbursement of electricity tariff for three years capped at INR 35 Lakh per unit.

Naveen Patnaik’s cabinet also has cleared a proposal for building a Dharmashala in the Baselisahi area of Puri at a budget of INR 135.60 Cr. The project is slated to be completed in two years and has been initiated under the Augmentation of Basic Amenities and Development of Heritage and Architecture (ABADHA) scheme. The same project has been assigned to Sriji Krupa.

Likewise, the Odisha government has said to provide 9.68 acres of land at Khurda to the Ministry of Culture to make ‘Paika Bidroha Memorial’ at the foothills of Barunei hills.

The cabinet also passed tenders for implementing mega water supply projects worth INR 1165 Cr in Koraput, Rayagada, Jagatsinghpur, and Angul districts.

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