Odisha government Saturday rolled out Odisha Aerospace & Defence Manufacturing Policy, 2018 ahead of the second edition of ‘Make In Odisha Conclave’ to be held here from November 11 to November 15.
The policy, which has been approved by the state cabinet, will be placed before investors at the conclave, an official said. The policy aims at carrying forward the process of industrialisation through promotion of aerospace and defence manufacturing enterprises, to generate employment opportunities and promote value addition, he said.
To attract investment in aerospace and defence manufacturing in the state, the policy proposed to extend subsidy upto 50 per cent of the cost of land, building, plant and machinery to the special purpose vehicle for setting up the first state-of-the-art Aerospace and Defence Park in the state, the official said. Read More