Odisha Economy

Tata Steel commissions ₹9,067 crore facilities at Kalinganagar plant

The new facilities include galvanising and annealing lines, a slurry pipeline and an air separation unit, while the NINL expansion aims to boost steelmaking capacity in Odisha.

Jindal Ferrous expands Odisha footprint with ₹5,000 cr carbon steel plant

Jindal Ferrous has commissioned its first integrated carbon steel plant at Jajpur in Odisha, with a 2.2 mtpa steel melt shop and an investment of ₹5,000 crore

Odisha unveils ₹40K crore industrial projects, eyes over 42,000 jobs

Chief Minister Mohan Charan Majhi inaugurated 24 facilities and laid foundation stones for 29 projects across 14 districts, with an estimated employment potential of 42,512.

Odisha spends only 25% of capital outlay, 33% of annual estimate by Sep

The state spent ₹18,183 crore of its ₹72,100 crore capital outlay by September, while overall expenditure reached ₹94,463 crore

Green signal: AAI set to develop greenfield international airport in Puri

AAI will develop the ₹5,631-crore Puri airport after environmental and CRZ clearances, with the first phase designed to handle 4.6 million passengers annually.

Beyond port expansion, Odisha eyes ₹50,000 crore major maritime investments

Paradip's capacity expansion, the proposed Bahuda port and a Kendrapara shipbuilding cluster anchor Odisha's maritime investment pipeline of more than ₹50,000 crore.

Orissa HC dismisses Vedanta's plea to enforce 2004 bauxite supply agreement

The court held that promissory estoppel cannot compel the state to act against mining law or confer an enforceable commercial right over natural resources held in public trust.

Odisha sets up CM-EAC on lines of EAC-PM to drive $1.5 trn economy goal

Panel comprising economists, former bureaucrats and Sarvam AI co-founder will advise on growth, fiscal management and structural reforms as Odisha pursues its 2047 target

Odisha clears 19 projects worth ₹3,280 cr as emerging sectors gain ground

The 19 projects spanning GCCs, compressed biogas, technical textiles, tourism and manufacturing are expected to generate 10,661 jobs across 10 districts

Odisha clears industrial projects worth Rs 2.47 trillion at one go

Data centres, AI and power projects dominate Odisha's record investment pipeline; 27 projects across 15 districts involving Rs 2.47 trillion are expected to generate 50,162 jobs

FSEZ clears ₹3,406 crore SiCSem semiconductor unit near Bhubaneswar

The integrated facility at Info Valley-II will manufacture SiC diodes and MOSFETs, with projected five-year exports of ₹7,043 crore and employment for around 1,270 people

Odisha wraps up UAE roadshow with ₹2.43 trillion investment proposals

The three-day roadshow generated 24 investment proposals, including eight MoUs and 16 investment intents, with potential to create 618,725 jobs

Odisha's ₹72,100 crore capex target at risk as state fast-tracks projects

With just 15.7% of its record FY27 capital outlay spent by July, Odisha is pushing departments to fast-track projects and unlock central capex incentives

Kerala, Odisha among states releasing lowest share of MPLADS funds

Kerala released just 36.6 per cent of its MPLADS allocation to vendors, while Maharashtra and Uttar Pradesh recorded the largest gaps when measured in absolute rupees

Odisha agri and food exports to reach $1 billion by 2035: Assocham study

Odisha could emerge as a major food-processing and agri-export hub by 2035, with Assocham projecting potential to reach $1 billion in agricultural and processed-food exports

Odisha secures ₹43,437 crore food-processing investment commitments

The state signed 27 MoUs involving proposed investments of Rs 41,748 crore and received 12 additional investment intents worth Rs 1,689 crore at the New Delhi summit

Adani group proposes to invest ₹1 trillion for data centre in Odisha

Facility would trail only Google's intended Andhra project in scale

Odisha Cabinet clears Bill for economic region development authorities

It targets scaling the regional economy from $22.4 billion to $500 billion by 2047

Odisha govt clears Bill to create economic region development authorities

The Odisha Cabinet approved amendments to the ODA Act to enable Economic Region Development Authorities, with the Bhubaneswar-Cuttack-Puri-Paradeep region set to become the first ERDA

Odisha ranks 5th among states in NITI Aayog's Investment Friendliness Index

Odisha has been ranked fifth among states in NITI Aayog's recent Investment Friendliness Index, which Chief Minister Mohan Charan Maji termed a reflection of his government's commitment to transparent governance, industry-friendly policies and efficient service delivery. With an overall score of 52.4, the state is placed next to Gujarat, Maharashtra, Tamil Nadu and Goa in the "top performers" category. According to an official statement, the NITI Aayog report identifies these five states as leaders in fostering a conducive investment environment. The Investment Friendliness Index (IFI) is India's first comprehensive, evidence-based framework for evaluating the investment ecosystem of all states and Union territories. It assesses performance across eight critical pillars -- infrastructure, business climate, resources, government policy, regulatory ease, institutional environment, financial health and environmental resilience -- to benchmark states and promote competitive and ...