The state government is planning a new, attractive and progressive industrial policy that will replace the one revised in 2015. The move aims to attract investors in various sectors. Besides the industrial policy, several sector-based policies are also in the pipeline, said a source in the industries department.
Even though the government had kept provision of incentives in the Industrial Policy Resolution, 2015, many states have since revised their policies by offering attractive incentives to lure investors.
“We are reviewing policies and the incentives (both fiscal and non-fiscal) of various states before coming up with a revised policy. Our proposal is at the discussion stage. Odisha remains one of the favoured destinations of investors. With a revised policy, we will be able to draw more investment. The new policy is likely to be unveiled ahead of the third edition of Make in Odisha conclave,” said a senior official.
Official sources in the state industries department said the government has received 286 business intents worth Rs 6.26 lakh crore in the last five years