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Odisha Economy
The Odisha government on Tuesday unveiled Pharmaceutical and Medical Devices Policy-2025, aiming to attract investment of Rs 25,000 crore and create 1 lakh jobs by 2030. Chief Minister Mohan Charan Majhi launched the new policy here at the Odisha Pharma Summit-2025 in the presence of Industries Minister Sampad Chandra Swain and senior government officers. Speaking on the occasion, Industries Department's Additional Chief Secretary Hemant Sharma said India imports about 85 per cent of medical devices from other countries, and there is a huge opportunity for this sector. As a lot of units of pharmaceutical and medical devices are expected to come up in the next five years, Odisha must make an attempt to become a part of this endeavour, Sharma said. Under the policy, the state offers a 50 per cent subsidy on concessional land cost for units employing more than 200 Odisha-domiciled skilled staff. The government also offered a 30 per cent capital subsidy on eligible plant and machinery
State-owned National Aluminium Company Ltd (Nalco) is aiming to start its Pottangi bauxite mines in Odisha by June next year as the company plans to ramp up its mining capacity supporting its goal of expanding its integrated aluminium business. Dilip Buildcon Ltd had emerged as L-1 bidder for the development and operation of Pottangi bauxite mines. "...our target is June next year we will be starting the mines," NALCO CMD Brijendra Pratap Singh said. The company is set to enhance its alumina production capacity at its Damanjodi refinery in Koraput district, Odisha. Nalco operates a 2.275 million tonnes per annum (MTPA) alumina refinery at the site and is undertaking the installation of a 5th stream that will add an additional 1 MTPA capacity. To support this expansion, the Odisha government has granted Nalco a mining lease for the Pottangi Bauxite Deposit in Koraput district. The lease covers an area of 697.979 hectares and is valid for 50 years, ensuring steady raw material suppl
The Odisha government on Saturday approved 33 investment proposals worth Rs 1.46 lakh crore, including Adani Enterprises Limited's coal-to-chemical project. The projects were cleared in the High Level Clearance Authority (HLCA) meeting, chaired by Chief Minister Mohan Charan Majhi and the Single Window Clearance Committee (SLWCA) headed by Chief Secretary Manoj Ahuja. While HLCA approved 12 investment proposals worth Rs 1,41,993.54 crore, which will create 49,745 employment opportunities, the SLWCA approved Rs 4,019.53 crore worth of investments, generating 16,590 employment opportunities. The HLCA approved the projects in the new-age sectoral investments in the ESDM (Electronics System Design and Manufacturing) sector, while ACME Akshay Energy Private Limited has invested in green hydrogen and green ammonia production. Jindal India Power Limited has also invested in the power and renewable energy sector. The Adani Enterprise Limited will set up a coal-to-chemical plant at an ...
PC chip major Intel CEO Lip-Bu Tan is likely to visit Odisha later this year for the ground-breaking ceremony of 3D Glass Solutions' semiconductor plant, a senior state government official said on Wednesday. The ground-breaking ceremony of the silicon carbide company SicSem is scheduled for next month, and the commercial production of chips is expected to start in two years, Odisha Electronics and IT Department Principal Secretary Vishal Kumar Dev told PTI. "Chief Minister (Mohan Charan Majhi) was here, and they (SiCSem and 3DGS) have given a commitment to start the unit soon. SiCSem's ground-breaking will be done next month, and the other company, 3D Glass Solutions (3DGS), they are looking for a date from Intel CEO Lip-Bu Tan. He plans to visit Odisha also. That is when the ground-breaking will happen. Hopefully, in the next two to three months," Dev said. 3D Glass semiconductor packaging unit to be set up by Heterogeneous Integration Packaging Solutions Pvt Ltd, which is backed
Asserting that Odisha will be the growth engine in the country's development journey over the next 25 years, Chief Minister Mohan Charan Majhi on Saturday said that the state aspires to become a USD 1.5 trillion economy by 2047. Majhi said this while speaking at the NIITI Aayog Governing Council meeting chaired by Prime Minister Narendra Modi in New Delhi. "I assure you Sir (PM), Odisha will be the growth engine in the country's development journey over the next twenty-five years," Majhi was quoted saying in a press release issued by the chief minister's office here. Noting that India's economy is the fastest-growing among all major global economies with a growth rate of 6.5 per cent in 2024-25, Majhi said: "During the same period with the double engine push, the state has grown at 7.2 per cent. I am deeply grateful to the Prime Minister for visiting Odisha five times in the last 11 months which shows his commitment to the development of Odisha." While thanking the Centre for ...
The Odisha government on Friday approved 19 projects worth Rs 3,898 crore, which are expected to generate employment for over 7,400 people. According to an official statement, the State Level Single Window Clearance Authority (SLSWCA), chaired by Chief Secretary Manoj Ahuja, has given its nod to the proposals spanning various sectors such as steel, iron & ferro alloys, industrial gases, logistics, food and beverage, agro-processing, tourism and hospitality, chemicals, metal downstream, and apparel and textile. The projects are proposed to be grounded in Angul, Balasore, Cuttack, Dhenkanal, Ganjam, Jajpur, Keonjhar, Khurda, Koraput, Sambalpur and Sundargarh, it said. The state has approved the proposal of Sree Metaliks Limited to expand its integrated steel plant in Keonjhar with an investment of Rs 885 crore, it said. The proposal of Tata Steel to enhance its crude steel capacity from the proposed 6.5 million tonne per annum (MTPA) to 7.1 MTPA with an additional investment of Rs .
The Odisha government on Thursday approved 10 investment proposals, including those of Vedanta Ltd and JSW Steel, worth over Rs 1.65 lakh crore, having the potential to create over 50,000 jobs, a statement said. The approvals were given at a meeting of the High-Level Clearance Authority (HLCA), chaired by Chief Minister Mohan Charan Majhi. Among the projects for which approval was given was Vedanta Ltd's two projects in the Rayagada district. The mining major will invest Rs 50,537 crore for setting up a 6-mtpa alumina refinery, and Rs 40,991 crore for a greenfield 1.2-mtpa aluminium smelter. The HLCA approved JSW Steel Ltd's Rs 35,000 crore investment proposal for a 5-mtpa integrated steel plant in Keonjhar. It also approved Shyam Steel's 1.5-mtpa integrated steel plant worth Rs 5,200 crore in Bhadrak. Approval was also given to OCL Iron and Steel Ltd's Rs 3,000-crore integrated steel plant, which has a capacity of 1.2 mtpa, in Keonjhar. Orissa Thermal Energy Ltd's 2,400-mw (3 x
People in Odisha will now be able to access over 400 government services, including birth and death certificates and driving licenses, on WhatsApp, officials said. An agreement regarding this was signed between the Centre for Modernising Government Initiative (CMGI) and Meta India here on Friday. A total of 429 government services will be available on a single WhatsApp number, officials said. Chief Secretary Manoj Ahuja said, "The government of Odisha is committed to delivering seamless public services, ensuring that every citizen experiences convenience and efficiency at the last mile. This commitment is underscored by our investment in technology and training, aiming to eliminate bureaucratic hurdles and enhance overall accessibility." Development Commissioner Anu Garg said she was confident that the Unified WhatsApp Bot will empower people. CGMI's Executive Director Vineet Bharadwaj said ease of access to public services is still a challenge in Odisha. "Currently, there are fo
Odisha Chief Minister Mohan Charan Majhi has set a target of spending 85 per cent of the budget estimates for 2024-25 fiscal against an expenditure of 81 per cent achieved in 2023-24, an official statement said. Majhi, who also holds the Finance portfolio, set this target while reviewing the expenditure of different departments on Thursday. Though the expenditure was affected due to the elections, government transition, and budget presentation in September, Majhi said spending was apparently satisfactory. "To meet the target, Majhi advised ministers to approve expenditure proposals and clear pending payments under welfare schemes", the statement issued by the CMO said. Stating that Odisha's 6.1 per cent allocation of its Gross Domestic Product (GSDP) to capital expenditure is the highest in the country, the chief minister said programme expenditure and capital expenditure were crucial for the overall growth. The statement said the expenditure was good in the departments of ...
Odisha's economy is estimated to grow by 7.2 per cent in the current financial year, which is higher than the all-India growth rate of 6.4 per cent, according to the state economic survey report for the 2024-25 fiscal. The report, which was laid before the state assembly on Saturday evening, stated that the size of Odisha's economy proxied by GSDP at current prices is estimated to be at Rs 9.5 lakh crore in 2024-25 which has increased by 10 per cent from Rs 8.6 lakh crore in the 2023-24 fiscal. All the sectors have shown robust growth in the financial year 2024-25 and the state is poised for rapid growth in the years ahead. Higher capital investment and investment intent received through Utkarsh Odisha would further increase growth rate in the state in future, an official statement highlighting the key points of the report said. Similarly, the per capita income has increased by 10.6 per cent to reach Rs 1,82,548 in 2024-25 (advance estimate) while per capita income at all-India leve
Odisha Chief Minister Mohan Charan Majhi on Saturday disbursed Rs 5,000 each to over 18 lakh women beneficiaries under Subhadra Yojana in the 4th phase of the first instalment in the state. Accompanied by Deputy Chief Minister Pravati Parida and Health Minister Mukesh Mahaling, Majhi disbursed about Rs 900 crore through direct bank transfer (DBT) system at a function held in Jajpur district. With this, a total of over 98 lakh women have received Rs 5,000 each under the Subhadra Yojana launched by the BJP government in Odisha. Fulfilling the promise, the people's government has provided direct assistance to the beneficiaries through DBT, which has played a significant role in strengthening their financial condition, he said. The chief minister said this scheme is fulfilling the hopes and aspirations of the mother power of the state and is helping to build a prosperous Odisha. I believe that all the beneficiaries can empower themselves and strengthen their economic status through sm
The Odisha government on Thursday requested Rs 12.59 lakh crore from the 16th Finance Commission and sought an increase in the state's share of the central divisible pool to 50 per cent from the current 41 per cent. Chief Minister Mohan Charan Majhi made the request during a meeting with the Finance Commission team, led by Chairman Aravind Panagariya, emphasising that the demand was crucial for the state's development, particularly as it aims to become one of the country's developed states by 2036, marking its centenary. Addressing a press conference, Panagariya said many states including Odisha have demanded increasing their share to 50 per cent from the central divisible pool. The 16th Finance Commission is mandated to submit its report with the President of India in October 2025 and make its recommendation after visiting 28 states and taking views of all the stakeholders. "The commission has visited several states and held consultations. Maximum states demanded an increase in the
Looking beyond temple tourism and Buddhist circuits, the Odisha government is now eying to promote the state for destination weddings and MICE (meetings, incentives, conferences, exhibitions) tourism. The state has a lot to offer when it comes to the tourism sector. It has a long coastline, beautiful temples, wildlife, natural beauty, ecotourism destinations, waterfalls, mountains, lakes, and dams. Domestic tourists visit these sites around the year, an officer said. As the state seeks to evolve beyond its traditional offerings, it is positioning itself to become a premier hub for high-profile weddings and business events, rivalling the likes of Rajasthan's royal cities, Goa and Kerala, the officer from the state tourism department said. The department has decided to promote popular beach towns such as Puri and Konark in Puri district and Gopalpur in Ganjam district as sites for destination weddings, big meetings and conferences, tourism director Samarth Verma told PTI. "These plac