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Having estimated the resource requirement in the previous c . Rourkela ( Sundergarh district ) section , this section focuses on selection of appropriate d . Balasore locations that best satisfy resource requirements . This section e . Rayagada identifies and assesses the locations within Odisha that are ideal for establishing of ESDM clusters . In order to select the
Reaching out to investors and Branding : Rename Department target locations , the districts within the state were assessed on of IT as Department of Electronics & IT on the lines of the several parameters which are very important for the Government of India ’ s Department of Information Technology development of ESDM industry , including : being renamed as Department of Electronics & IT ( DeitY ) a . Proximity to major talent hubs
Constitute an ESDM specific nodal agency under the Department of Electronics & IT . The agency ’ s key functions and b . Availability of water resources responsibilities are given as underc . Presence of SEZs / STPIs / manufacturing clusters a ) Investment promotion & monitoring : Proactively contact d . Distance to ports / airport potential investors , and lies with them to attract investments in
e . Present industrial activity in the district ESDM as per the detailed investment plan in “ Investment f . Availability of minerals required ” section g . Other positive factors A SPoC ( single point of contact ) office to be created under the
On the basis of assessment on these parameters , following are nodal agency to handle and answer all queries and follow-up the top five locations that are being proposed for the with potential investors using the leads generated . Defined development of ESDM cluster . service levels for the office for query handling are to be put in place . a . Khurda b ) Promoting Brand Odisha : The Odisha advantage needs to b . Berhampur ( Ganjam district ) be marketed vigorously within India as well as globally .
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a . |
Capital subsidy : GoO should provide capital subsidy upto |
CST or 5 years , whichever is earlier . |
of 20 % of the total investment to new ESDM units in each |
g . Value Added market access : In line with the existing |
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greenfield EMC on capital investments until 2020 limited to |
preferential market access ( PMA ) policy notified under National |
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INR 50 mn per unit . This will be over and above the capital |
Electronics Policy , the GoO should also introduce Value Added |
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subsidy offered by GoI through its M-SIPS scheme . In addition , |
Market access policy for procurement of electronic products by |
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first 2 anchor investors meeting the investment threshold as |
government departments and public sector units |
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indicated in the “ investment required ” section are eligible for |
manufactured by the companies registered and engaged in |
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Co-investment from Government in return for equity , provided |
manufacturing in Odisha . Following is the percentage of |
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the investment is in the focus sectors and clusters . The Govt . |
domestic value addition proposed in terms of BOM : |
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may provide favourable exit terms ( with its returns linked to inflation / interest rates ) to the remaining investing partners to buy out its equity at a later point of time . |
Year 1 – 10 %
Year 2 – 15 %
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b . Value-addition linked Interest subsidy : Interest subsidy of |
Year 3 – 20 % |
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5 % should be provided to new ESDM units and expansion |
Year 4 – 25 % |
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projects on working capital loan taken by them for a maximum |
Year 5 – 30 % |
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period of 5 years from the date of commencement of | ||
operations ( not later than 2020 ) ( extent of interest subsidy | ||
linked to domestic value addition ). | ||