India, Feb. 10 -- The Odisha government is all set to unveil a new information technology (IT) policy that seeks to more than double the incentive for companies for recruiting local youths.

The policy, which would be unveiled soon by the state information technology department, plans to give one-time recruitment assistance of Rs.25,000 to an IT company for each employee recruited from Odisha on the condition that they remain in service for a minimum period of one year. The maximum limit for this incentive is Rs.25 lakh per unit for a period of 5 years from the date of commencement of operations.

In the IT policy of 2022, the Odisha government had announced one time incentive of Rs.10,000 to IT companies for each newly recruited employee...