Orissa

Key Nodal Agencies

Industrial Promotion and Investment Corporation of Orissa Ltd (IPICOL)

• IPICOL is a key promotional institution and was incorporated in 1973 with the main objective of accelerating the pace of industrial development by promoting large and medium scale industries.
• IPICOL has promoted 263 large and medium scale industries by the end of Ninth Plan period (2001-02) with project cost of over USD 610 million and created employment opportunities for over 34,000 persons.
• During the first three years of Tenth Plan period, ten industries have gone into production with project cost of over USD 11 million and created employment for 557 persons. Industrial Development Corporation of Orissa Limited (IDCOL)

Industrial Development Corporation of Orissa Limited (IDCOL)

• 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 15 industrial units in diverse sectors like cement, ferrochrome, pig iron, spun pipe etc. under direct management. Orissa Industrial Infrastructure Development Corporation (IDCO)

Orissa Industrial Infrastructure Development Corporation (IDCO)

• IDCO was established with the objective of creating infrastructure facilities in industrial estates and areas identified for accelerated growth of industries, trade and commerce.
• IDCO has established 86 industrial estates and areas all over the state.
• The Corporation is engaged in multifarious activities to foster rapid industrialization in the state by development of industrial infrastructure.

Agricultural Promotion and Investment Corporation of Orissa Ltd. (APICOL)

• APICOL’s aim is to strengthen the rural economy by providing financial support for promotion and development of agro based and food-processing industries.
• By the end of March 2005, the Corporation had promoted 59 agro and food processing units with an investment of about USD 22 million.
• APICOL also provides subsidy to agro and food-processing units in the state. Orissa State Financial Corporation (OSFC)

Orissa State Financial Corporation (OSFC)

• OSFC is a premier state level financial institution that came into existence in 1956 to cater to the need of industrial development in the state.
• It provides financial assistance to small and medium scale industries in consortium with state level financial institutions.
• Besides, the Corporation also receives financial assistance from state government and central government and provides soft loans and margin money for rehabilitation of sick industrial units.

Orissa Pisciculture Development Corporation Ltd. (OPDC)

• Orissa Pisciculture Development Corporation Ltd (OPDC) has launched a number of projects like supply of fishnet, fuel and fish seeds for the economic development of fishermen.
• During 2004-05, OPDC has supplied 30.5 MT fishnet to fishermen and other supplies at subsidized rates.

Directorate of Export Promotion & Marketing (DEPM)

• Directorate of Export Promotion and Marketing has been set up to promote export of goods from the state of Orissa and to provide marketing assistance to SSI units of the state.
• It disseminates market intelligence and overseas tender and trade enquiries among the existing and potential exporters and entrepreneurs of Orissa for their active participation.
• It renders guidance in export processing, pricing of export items and on availability of different incentives for exports, grantedby Government of India.

Orissa Small Industries Corporation (OSIC)

• As a nodal Promotional Agency Agency, Orissa Small Industries Corporation (OSIC) was established in April 1972, with main objective to aid and assist small-scale industrial units in the state for their sustained growth & development to gear up the industrialization process.
• The Corporation has been extending marketing support, financial assistance for purchase of raw materials, sub-contracting exchange and rendering various other services to small-scale units.

Orissa State Electronics Development Corporation (OSEDC)

• Orissa State Electronics Development Corporation (OSEDC) was established in 1981 as Orissa State Electronics Development Corporation Limited the nodal organisation in the state for promotion of electronic industries both in the field of hardware and software.

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