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Odisha government announces subsidies for food processing sector at Make in Odisha Conclave

November 14, 2018

On the second day of the five-day-long 'Make in Odisha Conclave' held in the state (from November 11-15), the Odisha government announced subsidies for self-financed food processing enterprises and units like edible, non-edible vegetable oil mills, fruit juice manufacturers.

At the conclave, the State government also announced to extend capital investment subsidy at the rate of 33 percent of capital investment made in plant and machinery, up to Rs 3 crore to differently-abled, technical degree/ diploma holder entrepreneurs.

Odisha Chief Minister Naveen Patnaik, during the plenary session, said, “I propose that each (of the industry captains present) plan a long-term strategy for investment in the State over the next 10 years. Dedicated teams will be appointed by the State to handhold the implementation of long-term plans. We can work together towards developing Odisha as a manufacturing hub of South Asia.”

LN Gupta, Additional Chief Secretary of the State’s MSME department, said, “ITC has announced Rs 550-crore worth of investments in its plant in Khurda district over the next three years while Britannia Industries also announced to invest Rs 60 crore at its existing plant in same district.”  

The government also entered into an MoU with ITEES, Singapore to set up and manage a ‘World Skill Centre’.

The Chief Minister referred to Odisha as the ‘Aluminium Capital of South Asia’ and the ‘Steel Hub of India’, and also emphasised on aerospace and defence manufacturing, in order to capitalise on the competitive advantages of Odisha’s existing ecosystem.

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