9 months ago
Odisha Approves Policies to Attract GCCs and Regulate Minor Minerals
Odisha, a state in India, has approved two new policies.
The first one encourages international companies to set up offices in Odisha by offering special deals.
These offices will create jobs and help the state become a leader in technology.
The second policy changes how minerals are sold in the state to make the process fairer and more transparent.
Odisha cabinet approves Odisha Global Capability Centre (GCC) Policy 2025
Policy aims to attract MNCs to establish GCCs in Odisha, generate employment, and boost economic growth and technological leadership
Policy offers incentives like land rate benefits, lease rentals, power tariffs, and SGST reimbursement
Cabinet also approves amendments to Odisha Minor Mineral Concession Rules, 2016, shifting to e-lottery system for transparent pricing
New mineral policy aims to stabilize supply, end monopolistic practices, and ensure fair competition
- Who
- Odisha state cabinet
- What
- Approved Odisha Global Capability Centre (GCC) Policy 2025 and amended Odisha Minor Mineral Concession Rules, 2016
- Where
- Odisha, India
- When
- Friday (no specific date mentioned)
- Why
- To attract MNCs, generate employment, boost economic growth and technological leadership, and stabilize mineral supply
Proponents of GCC Policy
Critics of GCC Policy
Job Creation
Proponents of GCC Policy
The GCC policy will create over 50,000 direct and indirect jobs across the state.
Critics of GCC Policy
Critics argue that these jobs might not go to local residents due to skill gaps and preference for expatriate workers.
Mineral Policy Changes
Proponents of GCC Policy
The new mineral policy will stabilize supply, end monopolistic practices, and ensure fair competition.
Critics of GCC Policy
Some industry players might resist the changes, arguing that the new system could lead to reduced profits.
Key facts
- Policy Duration (GCC)
- 2025
- Target Investment (GCC)
- Rs 1,000 crore
- Target GCC Hubs
- At least five
- Target Employment (GCC)
- Over 50,000 direct and indirect jobs
- Policy Implementation (GCC)
- Guided by Policy Advocacy and Vision Group (PAVG) and Odisha Computer Application Centre
- Policy Review (GCC)
- Periodic review by Electronics & Information and Technology Department
- New Mineral Policy
- Shift to e-lottery system for transparent pricing, cap on mines per individual, penalties for non-compliance
Quotes
Manoj Ahuja, Chief Secretary
Manoj Ahuja is the Chief Secretary of Odisha, the highest-ranking civil servant in the state.
“The state expects over Rs 1,000 crore in investment as several cities have been identified for setting up world-class GCC facilities.”
deccanchronicle.com
“We are offering enhanced subsidies for companies willing to relocate from Bengaluru and operate out of co-working spaces here.”
deccanchronicle.com
Sources
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