Odisha offers 25% additional capex support for ISM-backed chip projects

The amended policy extends incentives to semiconductor equipment, chemicals, specialised gases, advanced materials and other critical supply-chain components

The Odisha Cabinet has decided to provide an additional fiscal support of 25 per cent of the eligible capital expenditure for projects approved by the India Semiconductor Mission (ISM). 

This support will be disbursed on a pari passu basis with the Government of India’s fiscal assistance. 

 Odisha is among the top five states offering land incentives for semiconductor projects under its Semiconductor Manufacturing and Fabless Policy.  While Andhra Pradesh provides 50 per cent additional financial incentives to projects approved under central schemes, Gujarat and Assam offer 40 per cent additional capital expenditure assistance. Top on the list, Uttar Pradesh provides a 75 per cent subsidy on the first 200 acres from state land agencies and a 30 per cent subsidy on additional land. 

 

Odisha has approved the highest five semiconductor projects, including two projects that have secured support under ISM 1.0, leading to total investments of over ₹10,899 crore. Of the five projects, three have entered the implementation phase and are scheduled to begin commercial operations over the next 12-18 months. 

₹12,458 cr irrigation project 

The Odisha Cabinet has approved the Parbati Giri Mega Lift Irrigation Project with an estimated outlay of ₹12,458 crore to create an additional irrigation potential of 262,275 hectares through 161 mega lift irrigation schemes across all districts of the state.  The project will be implemented from the state’s own resources over five years, until FY31.