Odisha is renowned for its glorious history, ancient architecture, wildlife, and marine life as well as rich tribal culture.
First rank in Government of India’s Smart City challenge.
Mineral output of US$3.64bn, more than total of 21 states.
30 administrative districts with total population of 43.7mn.
Odisha has 485 km of coastline along the Bay of Bengal.
Rich tribal heritage contributes to economic development.
The state’s economy witnessed high growth rates between 2016-17 and 2020-21, with GSDP of the state growing at a CAGR of 8.53%
US$ 66.20 mn FDI inflow from April 2000 - September 2021
worth of investment commitment achieved by the ‘Make in Odisha’ 2018 event, covering 15 sectors and promising 600,000 new jobs.
of India's aluminum smelting capacity and around 20% of India’s steel making capacity are in Odisha, with a steady rise in output.
The capital city of Odisha has been ranked by the World Bank as the 3rd best Indian city to do business owing to favourable reforms.
The Orissa Industries (Facilitation) Act 2004 was one of the first legislations for single window clearance system in the country.
an industrial land use and infrastructure information system to help the investors select land. Industry ready land bank of 100,000 acres.
The state is served by 3 ports- Paradip, Dhamra, Gopalpur. Paradip port at 127mn tonnes is one of the largest ports of Eastern India.
Odisha State Data Centre Policy 2022 of the Government of Odisha attempts to put in place a conducive environment for accelerated investment in Data Centre projects through strategic initiatives, concessions, and facilitation so that Odisha could capitalize on the growth opportunities in the IT/ITeS/ESDM sector and eventually emerge as the “Data Centre Hub” in the country
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Here are the leading sectors with opportunities for foreign investors
NALCO has committed to invest US$3.2b for expanding its alumina refinery at Damanjodi and setting up an aluminium park at Angul.
Vedanta has proposed to invest US$150m on an aluminium downstream park.
Adani Group plans to invest in an industrial park, an LNG terminal, an LPG facility and a solar power manufacturing plant.
Sanmina Corp has announced an investment of US$150m in an electronics manufacturing facility.
With World Fish International Organisation, Odisha has started new initiatives in fishery sector, including carp Mola polyculture and reservoir fishery.
National Investment and Manufacturing Zone (NIMZ) is being set up over an area of 16,325 ha in Kalinganagar.
Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) in over 27,500 ha area and Plastic Park with an area of 49 ha, both in Paradip.
Electronics Manufacturing Cluster in Bhubaneswar set up over an area of 87 ha, with an expected investment of US$32m.
Bhubaneswar and Rourkela are the cities identified from Odisha, for urban development, under the Smart Cities Mission.
East Coast Economic Corridor (ECEC) is a key upcoming corridor, running from Kolkata in West Bengal to Kanyakumari in Tamil Nadu.
India has a well-oiled enterprise promoting machinery that is backed by strong legislative, judiciary, executive, and capital establishments