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Supporting Organization

Odisha State Financial Corporation has been providing term loans for establishment of small and medium scale industries in the State since its inception in 1956. It also provides financial assistance for ventures in areas like transport, hotels, nursing homes and clinics, and for acquisition of mining and road construction equipment etc. The Corporation receives financial assistance from the State Government and Central Government and provides soft loans and margin money for rehabilitation of sick industrial units.


Odisha Industrial Infrastructure Development Corporation was established in 1981 with the objective of creating infrastructure facilities in industrial estates and areas identified for accelerated growth of industries, trade and commerce. IDCO has established 66 industrial estates/areas in the State. IDCO has received ISO-9001 certification for its services. ISO-14000 certification for its environmental protection and resource conservation has also been received since September, 1999.
IDCO proposes to establish a mega industrial park at Paradeep for the development of ancillaries and down stream industries of oil refinery and petrochemical industries. IDCO has entered into an agreement with Infrastructure Leasing and Financial Services Ltd., Mumbai to develop 90 km of road under Bhubaneswar Integrated Road Project with an estimated cost of Rs.170 crore and a joint venture company namely Bhubaneswar Integrated Road Network Limited (BIRNEL) has already been constituted for this project.


IDCOL was set up in 1962 to set up and promote industrial units for utilisation of natural resources available in the State. The Corporation, since its inception, has set up 14 industrial units with an investment of Rs.538.58 crore till the end of March 1998 in diverse fields. Of the 14 existing industrial units, 3 are operating under direct management of the Corporation, 7 units are under subsidiary management, and 4 units are being run with the assistance of IDCOL. All these fourteen units have generated employment for about 9000 persons and indirect employment for almost an equal number. The ferro-chrome and cement plants of IDCOL have obtained ISO-9001 certification during 1998.


Odisha State Electronics Development Corporation Limited was established in 1981 as the nodal organisation in the State for promotion of electronic industries both in the field of hardware and software. By the end of 1998-99, the Corporation has promoted 27 industrial units with total project cost of Rs.196.57 crore including Rs.12.77 crore as equity of OSEDC. Employment opportunity has been created for 1732 persons in these units.


In pursuance to the Industrial Policy 1996, Agricultural Promotion and Investment Corporation (APICOL) was established in March 1996 as a wholly owned Government corporation with a view to strengthening the rural economy by providing financial support for promotion and development of agro-based and food processing industries including commercial agriculture and horticulture activities. By the end of 1997-98, APICOL had promoted 27 agro and food processing industries in the State with an investment of Rs.23.72 crore.


Directorate of Export Promotion and Marketing has been set up to promote export of goods from the State of Odisha and to provide marketing assistance to SSI units of the State. It disseminates market intelligence and overseas tender/trade enquiries among the existing and potential exporters/ entreprenuers of Odisha for their active Participation. It renders guidance in export processing, pricing of export items and on availability of different incentives for exports, granted by Govt. of India. It endeavours to establish infrastructure including establishment of Export promotion Industrial Park etc. This Directorate registers SSI Units and concludes rate contract for purchases by Govt. departments and undertakings.


The Odisha Small Industries Corporation plays a vital role for promotion of small scale industries in the State. It provides marketing assistance and raw material assistance. It deals with quality rag materials like iron and steel, aluminium, wax rubber, plastics, coal, bitumen etc. OSIC also imports scare raw materials to meet the requirements of small scale industries. The OSIC has been granted the status of a recognised Export House by the Govt. of India. It extends finance for purchase of raw material credit scheme and also factors the bills of SSI units. It also obtains bulk orders for projects and products and offloads the same to the competent local SSI units.


Odisha Film Development Corporation. is the nodal Agency for growth, & development of film industries in the State. Various concessions, incentives are being extended to the exhibitors and film producers according to the industrial policy of the State through the Corporation. In collaboration with the National Film Development Corporation, this State Government undertaking gives financial assistance to cinema houses, for production of films, and creation of infrastructure in the State for production of films. The Corporation helps new entreprenuers of Cinema houses by way of refund of entertainment of tax as per the Industrial policy of the State Govt. It also provides subsidy to producers of Oriya Feature Films.


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