The Odisha G a z e t t e
EXTRAORDINARY
PUBLISHED BY AUTHORITY
No. 180 CUTTACK, WEDNESDAY, JANUARY 24, 2024/MAGHA 4, 1945
No. 396—IND-HI2-PRJS-0015/2023-I.
GOVERNMENT OF ODISHA
INDUSTRIES DEPARTMENT
RESOLUTION
The 16th January 2024
SUBJECT—Special package of incentives for Integrated Textile Project and Integrated Logistic Facility (Park) of Welspun Group at Choudwar, Cuttack.
1. Welspun Group has proposed to set up a Mega Integrated Textile Manufacturing and Warehouse Complex at Choudwar in Cuttack District with total investment of Rs. 3,000 cores & employment potential of 20,000 people (both Direct and Indirect).
The Project shall consist of entire value chain of textiles including but not limited to spin- ning, weaving, fabric making and processing, cutting, sewing, printing, packaging and dispatch.
Apart from the various components of textile value chain to be set up by the Welspun Group through its own group companies, it will also bring other related vendors to the complex for main stream as well as allied products and services.
The Welspun Group will also set up a modern multi-modal warehousing project in Choudwar through a Group Company, which will be utilized to provide services to both Welspun Group Companies and other external customers.
The company has submitted a detailed representation on incentives required to improve the viability of the project. While most ot the incentives are provided in the IPR 2022 and Odisha Apparel and Technical Textiles Policy 2022, some of the requests are beyond the provision of the policies.
The representation was placed before the High Level Committee constituted under the chairmanship of Chief Secretary, Government of Odisha as per the provision made in Clause 10(d) of IPR 2022. Keeping in view the benefits which will accrue to the State as a result of this mega investment in terms of huge employment generation and resultant growth in economic activities, the committee recommended a special package of incentives for the project.
22. The State Government is pleased to approve the following special package of incentives for the projects:—
Sl.No. Item Special Incentives
(1) (2)
(3)
1 Land Rates IDCO shall provide land at Choudwar at a special discount
rate of Rs. 15 lakh per acre to be paid in 5 equal instalments.
2 Capital (cid:127) The project shall be eligible for 30% CIS on the cost of Investment Subsidy plant and machinery without any upper limit which shall be
paid over 3 years post-commissioning of each phase of the
integrated project.
(cid:127) The additional 10% CIS on the cost of plant and machinery
as desired by the company shall be paid in full within 6
months of attainment of the targetted direct employment of
State domiciled workers.
(cid:127) Direct Employment and Investment proposed by the
company is as outlined in Annexure-1.
3 SGST The company will be eligible to avail 100% Net SGST Reimbursement Reimbursement up to a limit of 200% of the cost of plant &
machineries with the following provision:—
The company will normally supply its intermediate/finished
goods/scrap/by-products within the State, to a manufacturing/
marketing company (affiliated or otherwise) after charging
applicable SGST and CGST. The company would utilize the
input tax credits available in the Electronic Credit Ledger
(ECL) at the GSTN Portal, as per provisions of the Goods
and Services Tax laws, against the output IGST, CGST and
SGST liabilities. Post such utilization, the company will pay
the Net SGST to the Government. 100% Net SGST collected
and paid by the Company to the Government will be
reimbursed to the Company. The manufacturing/marketing
company may, in turn, sell/resupply the said goods, as such,
or after further manufacturing to customers within the State,
outside the State, or in the course of export. The manufacturing/
marketing company shall be entitled for availment and
utilization of input tax credit on the purchase of such goods
from the company without any additional restrictions imposed
by the State Government, except as per the provisions of
SGST Act 2017.
3For the above special incentives separate operational guidelines/statutory notifications may be issued wherever required.
3. The company shall be eligible for all other incentives in accordance with the Industrial Policy Resolution 2022 and the Odisha Apparel and Technical Textiles Policy 2022 and the operational guidelines thereof.
ORDER—Ordered that the resolution be published in the extraordinary issue of the Odisha Gazette and copies of the Resolution be forwarded to all Departments, all Heads of Departments and Accoutant-General, Odisha.
By order of the Governor
HEMANT SHARMA
Principal Secretary to Government
ANNEXURE-1
Calendar Phase Projected Direct Employment by Textile Direct Logistics and other Plug and
}
year
Investment
Play Players
} Cost (in Employ- Employ- Employ- Employ- Total Employ- Employ- Total Crores INR) ment on ment on ment by ment by Textile ment by ment by company contrac- Ancillary Service Direct Welspun Tenants
rolls tual rolls Vendors providers Employ-
for supply (Trans- ment. to Welspun port+
Internal Canteen)
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
2024 Construction . . 50 400 . . 25 475 10 0 10 Phase
2025 Construction 500 100 750 . . 50 900 15 10 25 Phase
2027 Phase-1 200 1200 650 1150 400 3400 50 500 550
2029 Phase-1A 500 1600 1000 1150 450 4200 50 600 650 2032 Phase-2 700 1850 1980 2400 450 6680 100 1200 1300 2035 Phase-3 1150 2100 2110 3350 450 8010 200 2000 2200
Total . . 3050 2100 2110 3350 450 8010 200 2000 2200
Printed and Published by the Director, Directorate of Printing, Stationery and Publication, Odisha, Cuttack-10 Ex. Gaz. 2390(cid:151)173+100