Bhubaneswar: The Odisha government Tuesday announced revised special incentive package scheme(RSIP) to attract investments in electronic systems design and manufacturing (ESDM) sector.
The chief secretary, AP Padhi, while briefing about the cabinet decisions, said additional incentives on Capital Investment Subsidy, Entry Tax, Human Capital Investment Subsidy, SalesTax & VAT, Power Incentives, Water Incentives, Interest subsidy have been announced over and above the provisions made in ICT Policy-2014. The eligibility criteria for such large & mega investment projects to be covered under this scheme was fixed with minimum investment project value of Rs.200 crores and to generate an employment opportunity of minimum 500 person at the time of starting of production and create an employment opportunity of more than 2000 persons in a span of 5 years to avail the capital investment subsidy.
The RSIPS is applicable to the first twenty such prospective new large and mega ESDM units and expansion of capacity/ modernization and diversification of existing ESDM units which required to have investment intents with minimum investment of Rs 50 crores and generate an employment of minimum 100 persons at the time of starting of commercial 8 production and create an employment opportunity of more than 500 persons in a span of five years to promote Odisha as an attractive investment destination for ESDM companies.
