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[Cites 0, Cited by 0] [Section 34] [Entire Act]

State of Odisha - Subsection

Section 34(4) in The Orissa State Aid to Industries Act, 1978

(4)to the power of the State Government to-
(a)start or conduct an industry for experimental purposes or with a view to stimulating industrial development;
(b)assist an industry by agreement to purchase on business terms the whole or a portion of the products of the same;
(c)assist an industry by giving free of charge or on favourable terms, the services of Government officials or experts either in the capacity of advisers or for a limited period not exceeding one year for starting or conducting such industry;
(d)assist an industry in connection with industrial education or the training of apprentices;
(e)acquire land under the provisions of the Land Acquisition Act, 1894 (1 of 1894), for a company;
(f)assist a company formed for the purpose of supplying electricity, gas, water or any other service which in the opinion of the State Government is likely to prove useful to the public ; or
(g)assist a village industry in any manner which may be determined by the State Government.
Explanation - For the purposes of this section-
(i)"sick industry" shall mean an industry which continuously fails to generate internal surplus and depends for its running on financial aid from outside ;
(ii)an industry shall be deemed to be a public undertaking if it is owned by-
(a)a Government company within the meaning of the Companies Act, 1956 (1 of 1956);
(b)any corporation established by law which is owned, controlled or managed by any Government;
(c)a Grama Panchayat constituted under the Orissa Grama Panchayats Act, 1964 (Orissa Act 1 of 1965); or
(d)A Panchayat Samiti constituted under the Orissa Panchayat Samiti Act, 1959 (Orissa Act 7 of 1960).