Bhubaneswar: On Monday, the Odisha Cabinet endorsed several significant proposals, including the launch of the Electronics Component Manufacturing Policy, 2025. This decision was made during a Cabinet meeting chaired by Chief Minister Mohan Charan Majhi. Chief Secretary Manoj Ahuja informed the media that following the Union Cabinet’s recent approval of the Electronics Component Manufacturing Scheme (ECMS), the Odisha government has chosen to implement its own Electronics Component Manufacturing Policy-2025. The new policy presents a comprehensive incentive framework that includes full alignment with the Central government’s ECMS support. Investors can opt for a 50 percent capital subsidy for the first ten large-scale projects or choose a matching subsidy alongside turnover-linked incentives and additional capital subsidies, according to official sources.
Other benefits for investors include various advantages in land allocation, rental assistance, a ten-year exemption from electricity duties, and power tariff reimbursements. The policy also incorporates special provisions for mega projects that invest over Rs 500 crore or create more than 1,000 jobs, providing tailored incentives. The Odisha government emphasized that this policy represents a strategic initiative aimed at establishing Odisha as a prominent electronics manufacturing hub, with the goal of generating high-skilled employment while decreasing India’s dependency on imported electronic components. Additionally, the State Cabinet approved the updated Odisha IT Policy, 2025, which is designed to create both direct and indirect employment for 10 lakh individuals in the IT/ITES sector over its duration.
This new IT policy encourages emerging technologies such as Cyber Security, Data Analytics, 5G/Mobile Technology, IoT, AR/VR, Cloud Computing, Deep Learning, Blockchain, AI, and ML, with a range of business-friendly incentives including capital and interest subsidies, land and rental support, and SGST reimbursement.
