The Telegraph, Feb 28, 2007
OUR CORRESPONDENT
Bhubaneswar, Feb. 27: The cabinet today gave its nod to Orissa’s new industrial policy, agreeing to provide incentives to “thrust sector” industries, which have maximum employment and revenue generation potential.
Agro-processing, automobiles and components, textile and apparel as well as ancillary and downstream units will come under this category. In addition, petroleum, chemical and petrochemical, pharmaceutical and leather industries will be added to the list of priority sector industries, said chief secretary Ajit Tripathy.
Special incentives will be given to industries to be set up in the Koraput-Bolangir-Kalahandi region as well as Kandhamal, Gajapati and Mayurbhanj districts.
Sops also await industries in the form of concession on land premium, stamp duty, entry tax, central sales tax, value-added tax and interest subsidy.
An industrial and allied infrastructure fund with a corpus of Rs 100 crore will be floated to develop infrastructure on public-private partnership, said Tripathy.
The cabinet also cleared the draft transport policy of the state, which envisages the setting up of an infrastructure development authority and a regulatory advisory council.
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