Odisha government to offer lucrative incentives to attract IT projects

BHUBANESWAR: The Odisha government is all set to offer special incentives for mega IT projects and parks along with capital subsidy, power incentives and tax benefits to encourage large investments in IT/ITeS and electronics system design and manufacturing (ESDM) sector.

As per the draft IT Policy 2025, which will be introduced after getting the cabinet nod, the government has proposed an incentive of 30 per cent (pc) of fixed capital investment (FCI) for projects less than Rs 50 crore and those in the investment category of more than Rs 50 crore but less than Rs 100 crore.