{"id":16972,"date":"2024-11-18T11:38:03","date_gmt":"2024-11-18T11:38:03","guid":{"rendered":"https:\/\/www.niir.org\/blog\/?p=16972"},"modified":"2025-01-16T13:59:03","modified_gmt":"2025-01-16T13:59:03","slug":"government-support-for-starting-industries-in-odisha","status":"publish","type":"post","link":"https:\/\/www.niir.org\/blog\/government-support-for-starting-industries-in-odisha\/","title":{"rendered":"Government Support for Starting Industries in Odisha"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Considered as the country of large mineral deposits and well-connected areas, Odisha has turned out to be a very promising place for the investors in industries in India. The state machinery has put in place numerous measures which aim to inspire the growth of startups and the expansion of industries. In a bid to promote the economic activities that can last longer, the state of Odisha is on its way to become a business corridor for all those entrepreneurs who wish to start industries. This article explores the broad government assistance for the people willing to start industries in Odisha.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-white ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.niir.org\/blog\/government-support-for-starting-industries-in-odisha\/#Startup_Odisha_Nurturing_Innovation_and_Entrepreneurship\" >Startup Odisha: Nurturing Innovation and Entrepreneurship<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.niir.org\/blog\/government-support-for-starting-industries-in-odisha\/#Key_Objectives_of_Startup_Odisha\" >Key Objectives of Startup Odisha:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.niir.org\/blog\/government-support-for-starting-industries-in-odisha\/#Financial_Incentives_for_Startups\" >Financial Incentives for Startups<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.niir.org\/blog\/government-support-for-starting-industries-in-odisha\/#Odisha_Startup_Growth_Fund_OSGF\" >Odisha Startup Growth Fund (OSGF)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.niir.org\/blog\/government-support-for-starting-industries-in-odisha\/#Incubator_Support_in_Odisha\" >Incubator Support in Odisha<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.niir.org\/blog\/government-support-for-starting-industries-in-odisha\/#Academic_Interventions_to_Foster_Entrepreneurship\" >Academic Interventions to Foster Entrepreneurship<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.niir.org\/blog\/government-support-for-starting-industries-in-odisha\/#Infrastructure_Development_in_Odisha\" >Infrastructure Development in Odisha<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.niir.org\/blog\/government-support-for-starting-industries-in-odisha\/#Sector-Specific_Initiatives\" >Sector-Specific Initiatives<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.niir.org\/blog\/government-support-for-starting-industries-in-odisha\/#Networking_and_Ecosystem_Development\" >Networking and Ecosystem Development<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.niir.org\/blog\/government-support-for-starting-industries-in-odisha\/#Skill_Development_in_Odisha_The_Role_of_OSDA\" >Skill Development in Odisha: The Role of OSDA<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.niir.org\/blog\/government-support-for-starting-industries-in-odisha\/#The_Future_of_Odishas_Startup_Ecosystem\" >The Future of Odisha\u2019s Startup Ecosystem<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.niir.org\/blog\/government-support-for-starting-industries-in-odisha\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Startup_Odisha_Nurturing_Innovation_and_Entrepreneurship\"><\/span><b>Startup Odisha: Nurturing Innovation and Entrepreneurship<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400\">The Government of Odisha has taken a first step toward IoT and AI for its projects and launched \u2018Startup Odisha\u2019 with an optimistic intent: to develop a state of the art Startup Hub in the state. This flagship programme envisages mentorship and incursion for not less than 1,000 new enterprises within a period of five years. The strategy is directed at growing innovations and advancements in the business operations, as well as creating an effective start up market support structure which is in line with the Governors vision for the state.<\/span><\/p>\n<p><strong>For more information Visit: <\/strong><a href=\"https:\/\/www.entrepreneurindia.co\/page\/odisha-india\/\">Start an Industry in Odisha<\/a><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Key_Objectives_of_Startup_Odisha\"><\/span><b>Key Objectives of Startup Odisha:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Build a functional comprehensive startup ecosystem.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Promote the establishment of incubators consistent with the sectoral profile of Odisha.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Offer skilful and practical training to the youths, and potential and existing entrepreneurs.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Seek funding towards promotion of CSR activities focusing on startups.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Financial_Incentives_for_Startups\"><\/span><b>Financial Incentives for Startups<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400\">In terms of taking the leap and helping entrepreneurs to start on with their new enterprises and business ventures, Startup Odisha has several financial perks as follows:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><b>Monthly Allowance:<\/b><span style=\"font-weight: 400\"> Reimbursing Rs. 20,000 per month for one year to recognized startups, w.e.f. 2019-2020, a higher amount of Rs. 22,000 per month for women entrepreneurs and co-founders belonging to transgender, SC\/ST\/SEBC\/PH.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Product Development and Marketing Assistance:<\/b><span style=\"font-weight: 400\"> Product development and marketing publicity assistance of up to Rs. 16 lakhs is available for eligible startups.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Subsidized Incubation:<\/b><span style=\"font-weight: 400\"> Recognized startups enjoying 50% discount for incubative monthly space rental incurring up to Rs. 5,000 per month, for up to one year.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Related Article: <\/span><a href=\"https:\/\/www.niir.org\/blog\/list-of-77-business-ideas-for-startup-odisha-orissa\/\"><span style=\"font-weight: 400\">List of 77 Business Ideas for Startup &#8211; Odisha (Orissa).<\/span><\/a><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Odisha_Startup_Growth_Fund_OSGF\"><\/span><b>Odisha Startup Growth Fund (OSGF)<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400\">The Odisha Startup Growth Fund is a Fund-of-Funds established by the state government with the objective of facilitating venture capital investment into budding companies. The fund is integral to enhancing the startup ecosystem as it provides the essential funding, thus enabling entrepreneurs to concentrate on growing their businesses.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Incubator_Support_in_Odisha\"><\/span><b>Incubator Support in Odisha<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400\">The establishment of new businesses is strongly dependent on the existence of incubators which the government of Odisha appreciates. Incubators which qualify are given a number of incentives:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><b>One &#8211; off Capital Grant:<\/b><span style=\"font-weight: 400\"> To build and furnish incubators.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Matching Grant: <\/b><span style=\"font-weight: 400\">To cover some costs of running the incubators.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Performance Capital Grant:<\/b><span style=\"font-weight: 400\"> Dependent on the results achieved by the incubators.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Reimbursement of Utility Expenses:<\/b><span style=\"font-weight: 400\"> To ease the burden of costs on running the incubators.<\/span><\/li>\n<\/ul>\n<p><b>Project report: <\/b><a href=\"https:\/\/www.niir.org\/profile-project-reports\/profile\/4759\/startup-business-ideas-in-odisha-orissa.html\"><span style=\"font-weight: 400\">Start Business Ideas in Odisha\u00a0<\/span><\/a><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Academic_Interventions_to_Foster_Entrepreneurship\"><\/span><b>Academic Interventions to Foster Entrepreneurship<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400\">Fostering an entrepreneurial culture is the mainstay of the vision for the State of Odisha. The government has developed a range of programs for the young people and professionals with an aim of transforming them into potential entrepreneurs:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><b>Entrepreneurship Cells (E-Cells):<\/b><span style=\"font-weight: 400\"> These have been set up in higher learning institutions throughout the state with an aim of promoting the entrepreneurship culture in the students.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Skill Development Programs:<\/b><span style=\"font-weight: 400\"> The State through the Odisha Skill Development Authority has been training people appropriately to the requirements of industries in the state. Hence there is a constant supply of skilled personnel for industrial development.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Infrastructure_Development_in_Odisha\"><\/span><b>Infrastructure Development in Odisha<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400\">Every sector of the economy relies on infrastructure with the utmost importance, and even Odisha has achieved a lot of things in building infrastructure which can be described as world-class for the purpose of supporting industries and starting up.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><b>One fund which is known as a Startup Capital Infrastructure Fund:<\/b><span style=\"font-weight: 400\"> A fund with an initial corpus of Rs. 25 crore has been established with the objective of infrastructural development of hard as well as soft aspects of the ecosystem for start-ups.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Industrial Land Channelling:<\/b><span style=\"font-weight: 400\"> In Odisha&#8217;s assistance is provided in the identification and allocation of suitable industrial land with the help of a GIS platform which aids in a great way to desk bound operations of businesses.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Single Window Clearance System:<\/b><span style=\"font-weight: 400\"> State has launched GO SWIFT (Government of Odisha &#8211; Single Window for Investor Facilitation and Tracking) which manages a full life cycle of an investment process through an online system. It starts from the submission of the application to its approval, the system allows a seamless notarization of the system and speeds the entire process up for the entrepreneur.<\/span><\/li>\n<\/ul>\n<p><strong>Related Database on: <\/strong><a href=\"https:\/\/www.niir.org\/books\/book\/odisha-orissa-india-business-industrial-directory-database-list-companies-small-medium-enterprises-sme-industries-xlsx-excel-format-4th-edition\/zb,,18ba6,a,0,0,a\/index.html\">Odisha (Orissa, India) &#8211; Business, Industrial Directory, Database, List of Companies, Small &amp; Medium Enterprises (SME) &amp; Industries [.xlsx, excel format] 4th edition<\/a><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Sector-Specific_Initiatives\"><\/span><b>Sector-Specific Initiatives<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400\">The Government of Odisha has put in place various sector specific incentive schemes, thereby addressing the peculiar needs and the prospects of various sectors.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><b>Electronics System Design and Manufacturing (ESDM):<\/b><span style=\"font-weight: 400\"> Odisha is looking forward to be the ESDM hub by establishing the necessary infrastructure and providing other incentives to help the investors.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Mineral-Based Industries:<\/b><span style=\"font-weight: 400\"> Odisha as a resource-rich state offers an enabling environment to industries engaged in steel, aluminum and petrochemicals.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Networking_and_Ecosystem_Development\"><\/span><b>Networking and Ecosystem Development<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400\">Any new venture ecosystem can be called vibrant only if networking is promoted in it. In this regard, it is noticeable that the government through the Startup Odisha organizes a lot of networking and knowledge sharing events such as:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><b>Boot Camps:<\/b><span style=\"font-weight: 400\"> Research and product development programmes.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Mentorship Workshops:<\/b><span style=\"font-weight: 400\"> Experts from different fields address budding entrepreneurs.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Investment Facilitation Workshops:<\/b><span style=\"font-weight: 400\"> In a bid to make the startups investment ready.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Startup Conclaves:<\/b><span style=\"font-weight: 400\"> Where investors, entrepreneurs and policy makers collaborate.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Skill_Development_in_Odisha_The_Role_of_OSDA\"><\/span><b>Skill Development in Odisha: The Role of OSDA<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"css-186bnk2 css-lb9cx4-stack css-1imox1-stackGridRows css-1bjhv8d css-1vznryd css-1soja3n\">\n<div>\n<p class=\"css-11l7rww css-pelz90 css-0 css-s9mxsb css-bmcd97-textWhiteSpace css-0 css-542wex\">The Odisha Skill Development Authority aims to create a skill development system that is responsive to the needs of different sectors within the economy. OSDA customizes its initiatives to supply skilled workers to various industries. These efforts are designed to support the long-term recovery of industries in Odisha. The Authority achieves its mission by concentrating on targeted skill development. OSDA emphasizes not only technical skills but also the development of soft skills. The initiatives take into account the trends of both current and emerging industries.<\/p>\n<\/div>\n<\/div>\n<h3><span class=\"ez-toc-section\" id=\"The_Future_of_Odishas_Startup_Ecosystem\"><\/span><b>The Future of Odisha\u2019s Startup Ecosystem<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Odisha has built a solid foundation for entrepreneurship and industrial growth. The government&#8217;s proactive approach and supportive policies are key drivers of industrial expansion. Development of inclusive infrastructure enhances the entrepreneurial landscape of the state. A focus on human resource development further boosts Odisha&#8217;s industrial capabilities. The Startup Odisha initiative encourages innovation and fosters business growth. Tailored policies and incentives are in place to promote industrial development in the region.<\/p>\n<p>Odisha is steadily progressing towards becoming a fully industrialized state. Investors can find a variety of support options for their business endeavors. Financial resources and academic partnerships position Odisha as an appealing investment destination. The state provides comprehensive assistance for both new and established businesses.<\/p>\n<p><span style=\"font-weight: 400\">Youtube Video: <\/span><a href=\"https:\/\/www.youtube.com\/watch?v=zMpLDRjHKng\"><span style=\"font-weight: 400\">Investment Opportunities in Odisha (Orissa).<\/span><\/a><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><b>Conclusion<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The Government of Odisha views entrepreneurs and industries as essential components of its economy. The state offers a robust framework to foster economic development and growth. Various financial schemes, infrastructure support, and skill training programs are accessible to industries. Additionally, Odisha hosts events aimed at promoting industrial development and growth. Entrepreneurs in the region have significant opportunities to succeed and flourish.<\/p>\n<p>The resources available in Odisha empower entrepreneurs to achieve their aspirations. The state is committed to contributing to the nation\u2019s industrial progress. Odisha actively promotes innovation and entrepreneurship to support local start-ups. The focus is on expanding into both national and international markets. Odisha cultivates entrepreneurship to create appealing opportunities for industries.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"Considered as the country of large mineral deposits and well-connected areas, Odisha has turned out to be a&hellip;","protected":false},"author":1,"featured_media":17202,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":29,"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","footnotes":""},"categories":[15706,15721,39],"tags":[],"industry":[12286],"class_list":{"0":"post-16972","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business-ideas","8":"category-business-ideas-in-india","9":"category-business-opportunities","10":"industry-business-plan","11":"cs-entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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