Page 2 - Odisha Economy

Odisha to set up industrial park for women entrepreneurs, says CM Majhi

Odisha Chief Minister Mohan Charan Majhi on Wednesday said an industrial park exclusively for women entrepreneurs would be set up in the state. Attending the plenary session on women entrepreneurship enabled by 'Subhadra' on the second day of the 'Utkarsh Odisha, Make in Odisha Conclave, 2025' here on Wednesday, Majhi said a special cell for women entrepreneurs will also be opened at the Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL). "I want to make two announcements to promote women in entrepreneurship. First, the government has decided to open an industrial park exclusively for women and the second is opening of a special cell for women at IPICOL," Majhi said. The CM said that he was hopeful that these two measures will encourage women to start business independently. He also sought suggestions from women business leaders on how to further raise women's participation in business. The session prepares a roadmap to shape the future of 'Subhadra' industr

Adani Group commits Rs 2.3 trillion investment in Odisha over next 5 years

Adani Group on Tuesday committed to investing Rs 2.3 lakh crore over the next five years across power, cement, industrial parks, aluminium and city gas expansion in Odisha. According to a statement by the group, the investment commitment was made during Utkarsh Odisha 2025 - the state's investor meeting. Karan Adani, Managing Director of Adani Ports and SEZ Limited (APSEZ), met state Chief Minister Mohan Charan Majgi and exchanged MoUs for investment in Odisha over the next five years, it added. "The Adani Group committed to invest Rs 2.3 lakh crore over the next five years across power, cement, industrial parks, aluminium, city Gas etc," the statement said. It, however, did not give details. "This is the biggest investment intent by any group in Utkarsh Odisha 2025." Also, the first test flight landed at Dhamra Airstrip successfully on Tuesday. Additionally, on the occasion of Utkarsh Odisha, six projects of ATGL in Odisha were commissioned. These include an EV charging station

Jindal Steel and Power to invest an additional Rs 70,000 crore in Odisha

Jindal Steel & Power on Tuesday said it will invest an additional Rs 70,000 crore in Odisha in the coming years. The announcement was made by the company's Chairman Naveen Jindal during the Utkarsh Odisha-Make In Odisha Conclave' here. Our vision is to make Odisha a global industrial leader, while improving the quality of life for its people consistently. This additional Rs 70,000-crore investment will not only drive industrial growth, but also uplift the quality of life of thousands of families in Odisha, Jindal said. He also said the company was exploring the possibility of setting up a steel plant in Keonjhar district to fulfill the vision of Chief Minister Mohan Charan Majhi, he said. Jindal Steel & Power operates India's first coal gasification plant for steel production in Angul, with focus on reducing dependence on imported coking coal. The company's Angul plant, currently at 6-MTPA capacity, will double to 12 MTPA this year and is set to reach 25.2 MTPA by 2030, ...

PM to inaugurate Utkarsh Odisha-Make in conclave, 38th National Games today

Prime Minister will inaugurate programmes in Odisha at around 11 am at Janata Maidan in Bhubaneswar

Odisha set for golden period of industrial, infra development: CM Majhi

Odisha Chief Minister Mohan Charan Majhi on Sunday said the state is set for an industrial revolution and a golden period for infrastructure development. Majhi said the 'double engine' government will ensure 'double development' of the state. "I firmly believe that with the joint efforts of the Central government and the state government, the next 5 years will be the golden age of infrastructure development for Odisha. There is no doubt that the double engine governments will double the development of Odisha," the CM said while addressing the gathering after unfurling the National flag in Cuttack on the occasion of the 76th Republic Day. Noting that the recent visit of the Singapore President to Odisha and the signing of eight MoUs with the state government is a vivid example towards a big change in the industrial sector, the CM said: "Our government is committed to using the precious mineral resources of the state instead of exporting them and bringing about industrial revolution i

Glad that Odisha emerged at top in fiscal health in NITI report: Patnaik

With Odisha emerging as a top performing 'achiever' among the states listed in NITI Aayog's first Fiscal Health Index (FHI) report for 2022-2023, BJD president and former chief minister Naveen Patnaik on Saturday said it is heartening to see the state in the number one position from financial bankruptcy. Chief Minister Mohan Majhi also lauded the state's achievement. In a post on X, he said, "Odisha tops the ranking in fiscal health among 18 major states in the country. With a cumulative score of 67.8 Odisha excels at the top followed by Chhattisgarh and Goa. As per the Niti Aayog report, the achiever states display strong fiscal health, excelling in revenue mobilisation, expenditure management, and debt sustainability." However, Patnaik was "glad" as the achievement came during his tenure as the chief minister of Odisha. "Glad to share that #Odisha has emerged the No-1 state in fiscal management across the country with highest overall fiscal health score of 67.8% in 2022-23, as per

Our goal is to make Odisha prosperous state by 2036, says CM Majhi

He emphasised that the state government is fully committed to achieving these objectives

Odisha, Singapore sign MoU to establish FinTech hub in Bhubaneswar

The Government of Odisha's Electronics and IT Department and Singapore's Global Finance & Technology Network (GFTN) signed an MoU to establish a Global Competency Centre in Bhubaneshwar to foster FinTech collaboration, with a focus on developing an inclusive and sustainable InsureTech and related areas.The MoU was signed during the official visit of Singapore President Tharman Shanmugaratnam to Odisha on Friday, according to a press release by GFTN. Tharman is on the State Visit to India from January 14 to 18. The initiative marks another positive step commemorating the 60th anniversary of diplomatic relations between India and Singapore in 2025.Commenting on the MoU, Chief Minister Mohan Charan Majhi said, Odisha aims to leverage GFTN's global expertise and resources to drive innovation and create tailored Fintech solutions in the state."Odisha has emerged as a leader in India's IT sector and now aims to diversify its services sector. The state is fostering innovation and ...

Odisha to sign eight MoUs during Singapore President's two-day visit

Singapore President Tharman Shanmugaratnam is scheduled to visit Odisha for two days starting Friday, during which at least eight MoUs will be signed between the island country and the coastal state. The Singapore President's visit is coming to Odisha just days ahead of the business conference 'Utkarsh Odisha: Make-in-Odisha conclave', slated for January 28 and 29. Accompanied by a high-level delegation, including ministers, MPs, and officials, President Shanmugaratnam will arrive in Bhubaneswar at 11.30 am. Odisha Chief Minister Mohan Charan Majhi, other ministers and senior officials will meet him in a hotel later. In the afternoon, he will attend signing of the MoU seeking to extend cooperation in Technical and Vocational Education and Training (TVET) to further enhance the skill development ecosystem, particularly for the semiconductor industry in the state. Another MoU will be signed between Odisha Industrial Infrastructure Development (IDCO) and Sembcorp, Singapore. For the

We have sanctioned investments of Rs 2.5 trn, says Odisha CM Majhi at PBD

We are organising a Make In Odisha conclave, they are in touch with us that they will invest in Odisha, CM Majhi said

Cognizant CEO discusses development of largest Indian campus with Odisha CM

Cognizant CEO Ravi Kumar S met Odisha Chief Minister Mohan Charan Majhi on Friday to discuss the development of the American IT firm's biggest campus in India in the state, a statement said. At the meeting, Majhi said the state government would allot land in Bhubaneswar city for development of the Cognizant campus and provide all support, it said. "Both discussed on developing Cognizant campus in Bhubaneswar as its biggest centre in India," it added. Ravi Kumar S, who is of Odisha origin, was in Bhubaneswar to attend the 18th Pravasi Bharatiya Divas convention. He expressed happiness over the growth of the firm's existing centre in Bhubaneswar, and exuded confidence that it would grow further in the next five years, the statement said. The CM sought his cooperation for bringing more investments in the IT sector in Odisha, and he assured all help, it said. Majhi congratulated him for his success and the Pravasi Bhartiya Samman being conferred on him.

Double-engine govt a 'double blow': Patnaik slams BJP over price rise

Patnaik criticised the BJP governments at both the state and Centre. He accused them of failing to control the sharp increase in the prices of essential commodities

Upcoming rail lines will enhance connectivity to Simlipal reserve: Vaishnaw

The laying of foundation stones for three rail lines in Odisha's Mayurbhanj district by President Droupadi Murmu will enhance connectivity to the Simlipal forest reserve, besides offering other benefits such as giving a boost to the local economy and development of backward areas, Railway Minister Ashwini Vaishnaw said on Saturday. Murmu laid the foundation stones for the three rail lines -- Bangiriposi-Gorumahisani, Buramara-Chakulia and Badampahar-Kendujhargarh -- at Bangiriposi in Mayurbhanj district on Saturday. Vaishnaw, who attended the ceremony at Bangiriposi, said Simlipal was declared a biosphere reserve by the UNESCO World Network and it is considered among the world's top 50 most sought-after places. "According to Time Magazine, if you have to visit 50 best places in the world, Simlipal is one of those. These three upcoming rail lines will provide easy connectivity for tourists to this place, along with many other cultural and heritage centres," he said. "Besides, these

Odisha govt approves investment projects worth Rs 1.36 trn across sectors

The Odisha government on Thursday approved 20 investment projects worth Rs 1.36 lakh crore, an official statement said. The High-Level Clearance Authority (HLCA) headed by Chief Minister Mohan Charan Majhi has approved the projects, poised to generate employment for over 74,350 individuals and significantly bolster the state's economic growth, it said. The approved projects span nine sectors including steel, chemicals, aluminium, aviation fuel, green energy and equipment, apparel and textiles, power and renewable energy and cement. These projects will be set up in 10 districts of Odisha such as Jajpur, Jharsuguda, Khurda, Sambalpur, Ganjam, Kalahandi, Malkangiri, Dhenkanal, Bhadrak and Jagatsinghpur, it said. "Through strong cooperation between the state and central governments, we have fostered a business-friendly environment that attracts investors to Odisha. Our focus is on creating an ecosystem that promotes inclusive growth, sustainability, and job creation," Majhi said. The

Vedanta and PwC partner on carbon reduction initiatives in Odisha

The companies plan to distribute 2,000 improved cookstoves and work to replace invasive plant species

I view eastern states as the country's growth engine, says PM Modi

Prime Minister Narendra Modi asserted on Sunday that his government considers India's eastern region as the country's growth engine, while the area was considered backward earlier. Addressing a gathering at the "Odisha Parba" event here, the prime minister said investments of Rs 45,000 crore have been approved within 100 days of the formation of a new government in the state. "Odisha has always been a land of seers and scholars. The way the scholars here took our religious texts to every household and connected the public with those, it has played a crucial role in the cultural prosperity of India. "There was a time when India's eastern region and the states there were called backward. However, I consider India's eastern region as the country's growth engine. That is why we have prioritised the development of India's eastern region," he said. "The budget that we now allocate to Odisha is three times higher than what it was 10 years ago. We are working rapidly in every sector for ..

Majhi unveils web portal for Odisha vision document, seeks people's opinion

Odisha Chief Minister Mohan Charan Majhi has unveiled the logo and web portal for the state's vision document and urged people to give suggestions and opinions for development. The realisation of a dream of building a developed Odisha will play an important role in making a developed India by 2047, he said. Under the leadership of Prime Minister Narendra Modi, the country today is progressing on the development path. Special emphasis is being given to Odisha as part of the Mission Purvodaya, Majhi said. The CM on Wednesday unveiled the web portal Bikasita Bharat pain bikasita Odisha (developed Odisha in developed India) that sought inputs from people for the vision document. Our government is requesting intellectuals, organisations, educators and non-resident Odias to give their suggestions and opinions for the development of the state. Their opinion will be included in the vision document in the coming days and will be discussed, he said. The proposals will be assessed and ...

Panic buying sends vegetable prices soaring in Odisha as Cyclone Dana nears

The price of vegetables including potato and onion has increased in Odisha markets as consumers resorted to panic buying amid IMD's prediction of a cyclone hitting the Odisha coast, traders said on Tuesday. At Chhatra Bazaar in Cuttack, the price of potato has increased from Rs 30 to Rs 50 per kg on Tuesday. The price of onion has also increased to Rs 60 per kg from Rs 40 in the market, which is one of the largest vegetable markets in Odisha. Tomato is being sold for Rs 80 to 100 in the local markets in Bhubaneswar, traders said. The price of other vegetables like bins, brinjal, ladyfinger, cauliflower has also increased by Rs 10 to 20 per kilogramme. There was a huge rush in the vegetable markets as consumers wanted to store sufficient amounts of vegetables especially potato and onion in view of the cyclone, which is expected to hit Odisha coast by October 25. "We don't know how the market will be after the cyclone hits the state. If the supply chain is disrupted, it may lead to

Odisha to usher in new era of industrial development, says CM Majhi

Odisha Chief Minister Mohan Charan Majhi on Saturday said his government is fully committed to ushering in a new era of industrial development and asked industrialists to invest in the state. Odisha is poised to become a modern hub of industrial and economic activity, Majhi said while addressing industry leaders at a session of "Investment Opportunity in Odisha" in Mumbai. "I am proud to declare that Odisha, India's best-kept secret, is now ready to be explored," Majhi said, according to an official release issued by the Odisha CMO. The state plans similar conferences and road shows in Hyderabad, Bengaluru, Europe and Singapore to attract Rs 5 lakh crore investments for Odisha in the next five years. He highlighted Odisha's high GDP growth and the advantages of its geographical location, natural resources, coastline, infrastructure and ports. The state plans to hold its "Utkarsh Odisha Make in Odisha Conclave 2025", scheduled for January 28-29, 2025, in Bhubaneswar. Majhi said O

BJD to study One Nation, One Election proposal: Ex-CM Naveen Patnaik

Odisha's former chief minister and BJD president Naveen Patnaik on Saturday said his party will undertake a detailed study on the One nation, one election' proposal before taking a stand on the subject. During an interaction at the 12th edition of the Odisha Literary Festival organised by the New Indian Express, he said the party will examine the proposal and its execution. Let the details come forth, we will study and take a stand, he said. Replying to a question on the new BJP government in the state, Patnaik said, All can see how the law and order situation in Odisha has declined with the incident of the governor's son at Puri. Recently, an army major and his fiance were harassed violently at a major police station in the capital city. This is not a good record." He referred to the "assault" of an Odia officer allegedly by Governor Raghubar Das' son. The alleged sexual assault of an army officer's fiance at a police station here sparked outrage on Friday with Patnaik condemning