Bhubaneswar: In a significant move to boost investment and create employment, the state Cabinet on Monday approved the Odisha Electronics Component Manufacturing Policy-2025.
The Cabinet, chaired by Chief Minister Mohan Charan Majhi, put its stamp of approval on the policy with an aim to transform Odisha into a major electronics hub and reduce India’s dependence on imported components.
As per the policy, investors will be eligible for a 50% capital subsidy on the first ten large-scale projects. They may also choose a matching subsidy with turnover-linked incentives and additional capital support.
The policy offers several other benefits, including land allocation, rental assistance, a 10-year exemption from electricity duty, and power tariff reimbursements, Chief Secretary Manoj Ahuja told reporters after the Cabinet meeting.
Special provisions and tailored concessions will also be extended to mega projects involving investments above Rs 500 crore or those generating over 1,000 jobs.
“This initiative aligns with the national Make in India vision, aiming to foster a self-reliant electronics ecosystem while stimulating Odisha’s economic growth,” the Chief Secretary said.
The Cabinet also approved the appointments of Udaya Narayan Das, Mihir Prasad Mishra, and Manoj Kumar Mohanty as members of the Odisha Public Service Commission (OPSC).
At its 24th meeting, the Cabinet cleared four proposals from three different departments.
The Cabinet also approved another proposal regarding the commencement of the 4th session of the 17th Odisha Legislative Assembly, scheduled to begin on September 18, 2025.