ORISSA

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