Cabinet approves Odisha Biotechnology Policy 2024

Prameyanews English

Published By : Prameya News Bureau | January 22, 2024 IST

Pradeep Jena

Bhubaneswar, Jan 22: The Odisha cabinet chaired by Chief Minister Naveen Patnaik today approved 14 proposals including Odisha Biotechnology Policy 2024.

The Odisha Biotechnology Policy 2024 would create a flourishing ecosystem for biotechnology industry, said Chief Secretary Pradeep Kumar Jena.

This will further promote higher education, research and infrastructure development in the sector and strengthen the supportive ecosystem for innovation, incubation, investment, income and impact to build enterprises.

The Cabinet also approved a new scheme— Coffee Plantation for Sustainable Livelihood— worth Rs 1144 crore to increase coffee plantation to 1 lakh acres in next 10 years. The scheme will be implemented in six districts-Koraput, Rayagada, Kalahandi, Kandhamal, Keonjhar and Gajapati.

It has approved the Odisha Procurement Preference Policy for Micro and Small Manufacturing Enterprises 2023. The new policy will boost business activity of small manufacturing enterprises by preferential procurement of their manufactured goods by state government establishments.

The Cabinet approved  the proposal of Revenue & DM Department for amendment of the Odisha Government Land Settlement Rules, 1983 to reduce the conversion fee for conversion of leasehold land of OSHB or a Development Authority, as the case may be, for residential purposes into freehold from the existing 10 % of the prevailing market value of the land to 3 % of the valuation of land fixed under the guidelines prescribed under the Odisha Stamp Rules, 1952 for a Gharabari kisam of land situated in the vicinity. 

The proposed amendment shall reduce the financial burden on OSHB and the Development Authorities for conversion of leasehold land into freehold which benefit will ultimately pass on to the persons who have purchased land from the OSHB or the Development Authority, as the case may be, for residential purposes.

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