Incentives for setting up units in KBK region
New transport policy also okayedTransport regulatory council to be set up
BHUBANESWAR: The State Cabinet on Tuesday approved a new industrial policy for the State giving emphasis on faster industrialisation in various sectors.
The new Industrial Policy Resolution underlines the need to accord priority to the industries that would create more employment opportunities and generate good revenue.
The Cabinet, which met under the chairmanship of Chief Minister Naveen Patnaik, also cleared a new transport policy aimed at augmenting the transport system.
Briefing presspersons at the end of the meeting, Chief Secretary Ajit Kumar Tripathy said that the Industrial Policy Resolution 2007, the draft of which was given final approval of the Cabinet today identified several sectors as `thrust industries'. The last IPR was adopted by the State back way back in 2001.
The thrust areas were agro-based industries, automobile and auto component industries, textile and apparel industries and downstream industries.
The Cabinet decided that the companies that would set such industries in the eight districts coming under the backward KBK (Kalahandi-Bolangir-Koraput) region and three other tribal-dominated districts of Kandhamal, Gajapati and Mayurbhanj will be given extra incentives. The eight districts in the KBK region are Koraput, Malkangiri, Rayagada, Nawrangpur, Kalahandi, Bolangir, Nadia and Snooper.
The new IPR also emphasizes involving the private sector in developing various infrastructures to give boost to the industrialisation process, Mr. Tripathy said. Under the new transport policy, a new body called the Orissa Transport Infrastructure Development Authority would be set up to develop new bus terminals and other projects and strengthen the existing facilities.Orissa Transport Regulatory and Advisory Council will also be set up to regulate the matters pertaining to the transport sector in the State, Mr. Tripathy said.