2.1 "Effective Date" means
the date of issue of this policy on and from which, the provision thereof
shall be operative. This policy was issued on 1st March, 1996.
2.2 "Existing Industrial
Unit" means an Industrial unit where fixed capital investment has commenced
before the effective date.
2.3 "Industrial Unit" means
any industrial undertaking located inside the state (including public sector
undertakings of the State Government and their subsidiaries) detailed in
the annexure of this policy and excludes the undertakings expected therein.
2.4 "Fixed Capital Investment"
means investment in land, building, plant and machinery and other equipments
of permanent nature.
2.5 "New Industrial Unit"
means an industrial unit located inside the State (including public sector
undertakings of the State Government and their subsidiaries) where fixed
capital investment has commenced on or after the effective date.
Provided that an industrial
unit which has started fixed capital investment before the effective date
but on or after 01.04.95 will have the option to be treated as a new industrial
unit to avail itself of inventives under IP-96 instead of those under the
IPR-92.
Provided further that
such option shall be exercised in the prescribed form to the designated
authority within 90 days from the effective date.
Provided further that
an industrial unit opting to be treated as a new industrial unit will be
required to surrender/refund the incentives availed, if any, under IPR-92.
2.6 "Pioneer Units" means
the first two new medium/large scale industrial units with project cost
of over Rs. 5.00 Crore going into commercial production in a Panchayat
Samiti area provided that no other medium/large scale industrial unit has
gone into commercial production in the concerned Panchayat Samiti prior
to the said units.
2.7 "Priority Industries"
means industrial units in the following specific categories and having
a project cost not less than Rs. 1 Crore.
Electronics/Telecommunication (Hardware and Software)
Agro and Food Processing
Aluminimum based industries
Garments including hosiery and knitwear
Synthetic Yarn Spinning & Weaving Mills
Gem and Jewellery
Industries manufacturing leather goods.
Industries manufacturing equipment and products relating to generation and/or use of non-conventional energy and relating to pollution control.
Precision Engineering
Automobile and Automatic Components
Basic Drugs and Pharmaceuticals
Petrochemcials
Fly Ash based Industries utilizing a minimum of 25% by weight of Fly ash as abase raw material
100% Export Oriented Industries
Ship breaking
Stainless Steel downstream Industries.
Provided that the requirement
of minimum project cost Rs. 1 Crore shall not apply in respect of Electronics/Telecommunication
(Hardware and Software) industrial units.
Provided further that Government
may notify from time to time the types of industrial activities which will
come within the category of 'Priority Industries'.
2.8 "SPECIAL CLASS ENTREPRENEURS"
Means,
an entrepreneur belonging to any of the Scheduled Castes or Scheduled Tribes
a Women technical entrepreneur
a Women's Co-operative
an Artisans' Co-operative
a certified physically handicapped entrepreneur
2.9 "Expansion/Modernisation/Diversification"
of an industrial unit means additional investment to the extent of 50%
or more of the undepreciated book value of fixed capital investment made
in an industrial unit in acquisition of plant and machinery for expanding/modernising/diversifying
the production of the said unit.
2.10 "Transferred Unit" means
an industrial unit whose ownership/management has been transferred in pursuance
of the provisions of the State Financial Corporation Act, 1951 for transferred
with the approval of OSFC/IPICOL.
Provided that the industrial
unit in question should have been completed in all respects including installation
of plant and machinery and the entire assets including land, building,
plant and machinery should have been transferred.
2.11 "Sales Tax" for the
purpose of policy means 'Sales Tax' (State and Central), and purchase tax
payable to government of Orissa under the Orissa Sales Tax Act, 1947 and
Central Sales Tax Act, 1956 and shall include sales tax imposed on contracts.
2.12 "GRIDCO" means Grid
Corporation of Orissa Limited.
2.13 "IPICOL" means The Industrial
Promotion and Investment Corporation of Orissa Limited.
2.14 "OSEB" means Orissa
State Electricity Board.
2.15 "OSEDC" means Orissa
State Electronics Development Corporation.
2.16 "OSFC" means The Orissa
State Financial Corporation.
2.17 "OSIC" means Orissa
Small Industries Corporation
2.18 "Public Sector" A public
sector unit means a Government of Orissa Undertaking and its wholly owned
subsidiary.
2.19 "Sick Unit" means an
industrial unit held sick by the Board for Industrial and Financial Reconstruction
under the Sick Industrial Companies (Special Provisions) Act, 1985 or the
Nodal Committee constituted under resolution No. 28949, Dt. 30.09.1992
of Industries Department or, the State Level Inter-Institutional Committee
constituted under Resolution No. 25569, Dt. 25.10.1983 of Industries Department.
2.20 "Technical Entrepreneur"
means and entrepreneur having-
recognised Engineering Diploma/Degree or
National Trade Certificate of National Council for Vocational Training or
recognised M.B.A. degree or
recognised qualification as Chartered Accountant or Cost Accountant or Chartered Financial Analyst, or Company Secretary.
Diploma in Computer
Application, Master in Computer Application and other Computer and Software
related qualifications recognised by All India Council and Software related
qualifications recognised by All India Council of Technical Education and
Certificates of O.A.B & C levels under the Department of Electronics
Accreditation Scheme (DEAS) of Government of India.
2.21 "Year" for the purpose
of period of Incentives means a period of 365 consecutive days.
2.22 "Earlier Industrial
Policy Resolutions" means and includes the IPR 1992 (No. 21875, dt. 01.08.1992),
the IPR 1989 (No. 36243, Dt. 01.12.1989), the IPR 1986 (No. 13195 Dt. 13.05.1986),
and the IPR of 1980 (No. 20783 Dt. 31.07.1980).
