Orissa -Investment and Industrial Policies
Agriculture Policy 2020
The Government of Odisha declared a State Agriculture Policy in 1996. After more than a decade, in 2008, the State Agriculture Policy was revised and its scope widened to cover many other aspects of the State's agriculture. The State Agriculture Policy 2008 served Odisha well, and stimulated the growth of private lift irrigation and agro industries. More than 1,00,000 lift irrigation points were established and the State saw the growth of many new agro based industries. Farm mechanization reached new heights; the number of tractors sold to the farmers increased from less than 200 tractors in 1999 – 2000 to more than 5000 in 2011-12. Odisha became the largest consumer of power tillers. A sustained and vigorous growth was maintained in agriculture
Biotechnology Policy 2018
To emerge as a world class centre of biotechnology education, research and innovation, entrepreneurship, product development and manufacturing and to create positive economic spill overs as well as health, environmental and social benefits .
Excise Policy 2017-18
The constitution of India empowers the State to levy duties for all demerit goods that are produced in the State such as alcoholic beverages for human consumption and other hallucination inducing substances such as Hemp etc. Although consumption of alcoholic drinks has been prevalent since time immemorial, it carries with it the danger of negative social and physiological impact.
Industrial Policy Resolution 2015
Odisha with abundant resources and opportunities is an emerging industrial destination on the east coast of India. A vibrant industrial eco-system, abundant availabiity of skilled manpower, an excellent road, rail and port connectivity coupled with a progressive and responsive administration is going to fuel the industrial growth in coming years. The Industrial Policy Resolution-2015 is formulated to create a conducive environment through an enabling polcy and regulatory framework to drive sustainable industrial growth in the state. The state has embarked on a mission to leverage technobgy to complement the governance framework. The approvals and clearances for the establishment and operations of the industries shal be through an online portal with minimum human interface. The State is committed to simpify the processes and procedures and expedite project approvals and dearances. The state is a pioneer in implementing the "Ease of Doing Business' framework through a robust single window dearance mechanism, which will be further strengthened. The state shal guide and facilitate the investors through a dedicated "Facilitation Cell'. "Escort officers" would be positioned for each of the focus sectors who wil act as a single point contact for the investors.
ICT Policy-2004
The Government of Orissa will strive to develop a well planned, robust and futuristic IT architecture in the State which will bring about positive changes in all walks of life and society, resulting in ease and convenience in transaction, augmenting employment opportunities to the educated youth and ushering higher economic growth in a definite time frame. Government will help IT reach the common citizen so as to narrow down the Digital Divide. Widespread applications of IT would establish a system where the citizens will receive good governance ensuring speed of decisions from a transparent Government through an effective e-Governance System. It will offer a hassle free, business friendly environment to the ICT entrepreneurs by framing an attractive policy package and financial.
MSME Development Policy – 2016
The Micro, Small & Medium Enterprises (MSMEs) contribute significantly to value addition, employment generation and exports and thereby, to overall growth of the economy. MSME sector in Odisha has immense potential for growth in view of the ongoing fast industrialisation process in the State.
The Odisha MSME Development Policy-2009 was formulated in conjunction with the Industrial Policy Resolution-2007. Meanwhile, State has notified Industrial Policy Resolution-2015 providing better fiscal and non-fiscal incentives for industries. It was, therefore, imperative to have a new MSME Development Policy to put in place commensurate enabling & support framework for sustainable growth of the MSME sector. Accordingly, draft MSME Development Policy-2016 was prepared in consultation with all the stakeholders.
OSFC has introduced OTS Policy-2011
OSFC has introduced OTS Policy-2011 for implementation w.e.f. 2.5.11 as an ongoing OTS Policy to provide an exit route to NPA accounts.
SCOPE OF OTS POLICY
The loan portfolio classified as bad & doubtful and loss category as per the prudential orms and guide lines of RBI/SIDBI on asset classification and continuing as such for 2 years preceding the date of OTS application shall be eligible to avail the opportunity of OTS under the present scheme having following characteristics.
Port Policy
The major ports are under the control of Govt. of India. The intermediate and minor ports are under the control of respective maritime State governments, which look after their development and management.
The net capacity of Indian Ports increased from 245 MT in 1998- 1999 to 358 MT in 2002-03. The net capacity is expected to further increase to 540 MT by 2006-07. The Indian Ports are expected to handle cargo to the tune of 650 MT by 2006-07.
Public Private Partnership Policy 2007
The future development of the country hinges on the development of its infrastructure and efficient delivery of its services. The Planning Commission, Government of India estimates that around US$320 billion (14, 50,000 Cr. INR) is likely to be invested in the infrastructure sector over the 11th Plan. A large part of this investment is to come from the private sector with Public Private Partnership (PPP) mode as one of the preferred routes. The PPP approach is best suited for the infrastructure sector as it supplements scarce public resources, creates a more competitive environment and helps to improve efficiencies and reduce costs. To achieve this goal, Government of Orissa has come out with this Public Private Partnership Policy.
Salient Features of Loan Policy FY 2011-12
The Corporation remained away from the business of lending from 2004 to 2009 during which most of the good and valued customers of the Corporation migrated to banks and other FIs. The Loan Policy for the FY 2009-10 was operative for a very short period and the Loan Policy for FY 2010-11, which laid emphasis on finance to standard accounts, did not yield satisfactory response. There was need to re-orient strategies without losing focus on customer needs. Loan Policy for FY 2011-12 aims at broadening the loan eligibility base, relaxing credit norms and doing away with lengthy, cumbersome procedures.
State Reservoir Fishery Policy
Water is gifted resource of nature which is not only a prime need for hfe but also an invaluable potential for development of fisheries. Orissa State with its immense water resources has tremendous scope for augmenting fish production for the growing fish-eating population and also generating rural employment. During the last five decades, the state has utihzed its closed water bodies viz. ponds and tanks through scientific aquaculture both in freshwater and brackish water sectors. But open water bodies hke reservoirs, rivers, estuaries, lakes, lagoons, canals, swamps etc. which are vast in terms of area and productive capacities are mostly untapped or under-tapped. The present level of production and productivity of the reservoir resources of the state have been estimated at 1830metric tones and 9.3 kg. per ha. respectively. But if the same reservoir resources are developed on scientific hnes with appropriate operational and conservation measures as outhned in the draft pohcy, the projected production and productivity would increase to 19,748 metric tonnes and 100kg/ha. respectively. Thus, the major objectives of "STATE RESRVOIR FISHERY PO LICY" for scientific management of vest and valuable reservoir resources.
Tourism Policy – 2016
The Tourism industry is a major propeller for economic growth throughout the world. Over past decades, tourism has continuously expanded and diversified, to become one of the dominant and fastest growing economic sectors. Tourism makes culture, art and history accessible to World at large. While generating direct income employment, it has tremendous potential to create indirect employment and income due to higher multiplier effect. Economies of many countries in the World are propelled by the tourism sector alone.
Telecom Infrastructure Policy, 2017
The subject “Telecommunication” which includes, telephones, wireless, data and telematics services is a Central subject under Ministry of Communication, Govt. of India. It is a well-known fact that the Telecom sector has a multiplier impact on the economy, contributes to economic growth and the GDP. As per the Industrial Policy 2015, Government of Odisha will provide enabling infrastructure for telecommunication service to promote industrialisation and development of the industrially backward district of the State.
