• New Industrial Units primarily based on iron, bauxite ore and chromite with capital investment of Rs.300 crore and above
• New Industrial Units primarily based on minerals other than iron, bauxite ores, chromite and gem stones with capital investment of Rs.100 crore and above
• Non mineral based new industrial units with capital investments of Rs.25 crore and above
• New Industrial units for gem stone processing, jewelry, handlooms, handicrafts and Bio Technology with capital investment of Rs.10 crore and above

Mega projects of all categories shall be entitled for the following incentives –

• Exemption from entry tax on goods imported through ports in Orissa from foreign countries for processing, for sale and distribution in Orissa
• CST at a concessional rate not exceeding 2% for 15 years. Mega projects categorised (3rd) and (4th) above are eligible for Special Industrial Promotion Assistance. SIPA equal to 50% of Sales Tax / VAT paid for a period of 10 years subject to a total maximum limit of 100% of the original fixed capital investment

Due to various advantages which Orissa offers, a number of mega industrial projects in sectors like steel, alumina / aluminium, oil refining, fertilizers etc. involving large investment are in the process of being set up.