Odisha mulls new industrial policy to sweeten sops, take on rival states

New policy to offer exemption on SGST, electricity duty after state eyes top-3 spot in ease of doing business

Sensing competition from peer states to woo new investments, the Odisha government is mulling to recast its Industrial Policy Resolution (IPR) last revised in 2015.

Though IPR 2015 was loaded with fiscal and non-fiscal incentives, other states with more sops were better positioned to lure the new investors, especially in non-mineral sectors.

“We don't want to lose edge in drawing investments. The changing dynamics, investor perception and rising competition from other states cannot be wished away. Hence, we are going for a revamp of the existing IPR to accommodate new provisions. The new policy statement is likely to