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Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Odisha

Odisha Cabinet Clears Electronics Component Manufacturing Policy

OMMCOM NEWS by OMMCOM NEWS
August 25, 2025
in Odisha

Bhubaneswar: The State Cabinet on Monday approved the ‘Odisha Electronics Component Manufacturing Policy 2025’, a strategic initiative aimed at transforming the state into a leading hub for electronics manufacturing.

The policy, launched under the leadership of Chief Minister Mohan Charan Majhi, seeks to generate high-skilled jobs while reducing India’s reliance on imported electronic components.

The policy offers a comprehensive incentive framework, fully matching the Centre’s Electronics Component Manufacturing Scheme (ECMS) support.

Investors can avail a 50% capital subsidy for the first ten large-scale projects or opt for a combination of matching subsidies, turnover-linked incentives, and additional capital subsidies. The package also includes land allocation, rental assistance, a ten-year exemption from electricity duty, and power tariff reimbursements.

Special provisions have been designed for mega projects with investments exceeding ₹500 crore or creating more than 1,000 jobs, offering them customized concessions.

The move aligns Odisha with the national “Make in India” vision by fostering a robust electronics ecosystem. The Union Cabinet had earlier cleared the ECMS in 2025 to tackle India’s overdependence on imported components despite steady growth in electronics assembly and finished goods manufacturing. The scheme focuses on strengthening domestic production of passive components such as resistors, capacitors, and inductors—key inputs for consumer electronics, automotive, and defense industries.

With this dual approach, Odisha is positioning itself as a key player in India’s self-reliance drive, boosting domestic value addition, attracting global and domestic investments, and integrating with international supply chains.

Tags: Chief Minister Mohan Charan MajhiOdisha CabinetOdisha Electronics Component Manufacturing Policy 2025
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