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Information & Communication Technology Policy, 2014

Context & Objective

The ICT Policy, 2014 visions development of IT/ITES/ESDM industries in Odisha and leverage IT & ITES in governance to transform the state into a knowledge economy.

Special Focus Areas

Startups, Products and R&D/Innovation Firms, Incubation Centers in Educational Institutions & Private Sector, Entertainment IT (Visual Effects, Animation, Gaming), Level II Cities, IT Parks/IT SEZs/ IT Clusters, Mage IT Parks and IT Education and Electronic System Design and Manufacturing (ESDM)

Ease of Doing Business
  • IPICOL as the facilitation agency for Single Window Clearance for projects above Rs. 50 CR
  • A three-tier single window clearance mechanism to facilitate speedy implementation of industrial projects is in place
  • Projects below Rs. 50 crores, to be approved by Odisha Computer Application Centre (OCAC)
  • Provision of Self-Certification under various Labour laws
  • Provision for declaration as Public Utility Services
  • Venture Capital Fund for startup companies through a Special Purpose Vehicle
Infrastructure & Development
IT Parks/STPs Entry Tax Exemption (during construction)- for a period of 3 years 10% 0f area for Incubation Units
SEZ Separate SEZs to be setup for IT/ITES/ESDM industries
ITIR IT Investment Region with all required amenities developed and earmarked for various type of industries
Skill Development
  • Industry ready skills programs with focus on soft skills and communication skills
  • ICT Academy in partnership with Industry
Incentive framework
Rentals for Incubation Space IT/ITES/ESDM units (with up to 40 people) to get 60% to 80% subsidy on lease rentals (based on area) for incubation space with maximum term of 2 years.
Lease Rentals IT/ITES/ESDM units (minimum 40 employees and 2 years of operation) to get 30% to 50% subsidy on lease rentals of built up space for a maximum term of 2 years.
Interest Subsidy 5% per annum on term loan for a period of 5 years for Micro & Small Enterprises with a ceiling of INR 10 lakhs and INR 20 lakhs respectively.
Capital Investment Subsidy 20% on Fixed Capital Investment with a maximum limit of INR 5 crore.
VAT Reimbursement 75% reimbursement of VAT for a period of 5 years limited to 100% of Fixed Capital Investment.
Large and Mega Projects Special package on a one-on-one basis.
Special Incentive Package for ESDM Sector

Incentives for Large and Mega ESDM projects

Capital Investment Subsidy 25% on Fixed capital investment for Plant and Machinery (except land and building) subject to Max. of INR 50 Crore.
Entry Tax Exemption on machinery and equipment for a period of 3 years from date of registration
Human Capital Investment Subsidy * Up to INR 800 per person per month to be reimbursed
* Reimburesement of expenditure towards ESI and EPF subject to maximum of INR 2 Crore per year for two years.
Sales Tax and VAT reimbursement 100 % reimbursement for a period of 5 years limited to 100% of the fixed capital investment
Power and Water Exemption from electricy duty and water duty
Interest Subsidy reimbursement At 5% per annum for a period of 5 years with a maximum moratorium period of 18 months
* Large and Mega ESDM Projects is required to have investment intents with minimum investment of INR 200 Crores and generate an employment of minimum 500 persons at the time of starting the production and create an employment opportunity for more than 2000 persons in a span of 5 years.
 

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