Odisha Biotechnology Policy 2024
The Odisha Biotechnology Policy 2024 targets biotechnology units and parks to establish Odisha as a global biotechnology hub. It offers a 30% capital investment subsidy on plant and machinery, 100% EPF/ESI reimbursement for 7 years, monthly employment incentives up to ₹15,000 per employee, and green infrastructure subsidies up to ₹1,000 lakhs. The policy is operative for five years from January 25, 2024.
Key Summary
- Ministry / Authority
- Science & Technology Department, Government of Odisha
- Incentive Type
- Composite state package (capital subsidy + employment incentives + green subsidies + soft loans + technology acquisition)
- Incentive Rate
- Capital investment subsidy 30% on P&M (5 yrs); Soft loan up to 25% of FCI (max ₹25,000 lakhs); Employment incentive ₹12,500/male and ₹15,000/female per month (5 yrs); 100% EPF/ESI reimbursement (7 yrs); Green infrastructure subsidy 25%–50% (max ₹1,000 lakhs); Technology acquisition subsidy 50% (max ₹100 lakhs); Patent reimbursement up to ₹5 lakhs
- Min. Investment
- —
- Application Deadline
- Open
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