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.

2. The State Government is pleased to approve the following special package of incentives

for the projects:—

Sl.No.

Item

Special Incentives

(1)

(2)

(3)

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.

Capital

• 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.

• 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.

• Direct Employment and Investment proposed by the

company is as outlined in Annexure-1.

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.

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For 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-

Total

Employ-

Total

Crores INR)

ment on

ment by

Textile

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

. .

400

. .

475

Phase

2025

Construction

500

100

750

. .

900

Phase

2027

Phase-1

200

1200

650

1150

400

3400

500

550

2029

Phase-1A

500

1600

1000

1150

450

4200

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

}