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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). | ||