VAT Reimbursement For Industries In Odisha

Bhubaneswar : In order to give a major hike to industrialisation, the state government has decided to provide VAT reimbursement for the industries.

The decision was taken at the state Cabinet meeting presided by Chief Minister Naveen Patnaik through video conferencing on Wednesday.

Briefing the media after the meeting, chief secretary Asit Kumar Tripathy said the Cabinet approved 20 proposals during the meeting. It included amendment of Industrial Policy Resolution (IPR) 2007 and 2015 to enable value added tax (VAT) reimbursement. It will benefit around 300 industries in the state.

The Cabinet also approved amendment of the Factory Act 1958 to raise three-month overtime threshold for the industrial workers from 75 hours to 115 hours. Besides, a worker upon joining any industrial unit can avail leave after 180 days as against 240 days.

A conditional permission will be given to the industries to allow night duty for women workers subject to their security provisions, the chief secretary said.