Orissa lies in the eastern coast of India and the whole state lies in
the tropical zone. It has seven metropolitan areas with populations over
one million. Orissa requires investment and upgrading in almost every
area of infrastructure. The agricultural sector in the area is well
supported by the government. There is a reasonable power tariff and
power is available in surplus. Ample availability of low cost labor is
an added advantage in the state. Road and telecommunication network is
not well developed. The state also lacks in literacy and the state has a
low proportion of urbanization.
Land area: 155,707 sq. km.
Population: 31.7 million
Capital: Bhubaneshwar
Per Capita Income: Rs 5,157
Inflation Rate: 12.7%
Incentives:
- 20% to 30% subsidy on the cost of built-up sheds for small-scale
units
- 5-year exemption from octroi for machinery required to set up new
industrial units
- Interest subsidy of 2% (up to Rs 1 crore) on term loans for
special-class entrepreneurs
- Investment subsidy of 20% of fixed capital (up to Rs 2,000,000)
in Zone A
- Capital investment subsidy of 10% (up to Rs 1,000,000) on
energy-conservation machinery
- 100% sales tax deferment for 5 years (Zone A); 6 years (Zone B);
and 7 years (Zone C)
- 200% sales tax deferment and exemption for priority industries
- 100% sales tax deferment for industrial units going in for
expansion and diversification
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