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Odisha: Recorded 114% growth in exports in 2016-17 to reach USD 6.4 bn in value

Odisha, with a coastline of 485 km, is located on the east coast of India along the Bay of Bengal. The state is served by 3 ports - Paradip, Dhamra and Gopalpur. Paradip port is one of the largest ports on the eastern coast of India and has a capacity of 127 MMT. The state is domestically well-connected through more than 250,000 km of road length, with 15 national highways passing through the state. Odisha is considered as a hub for mineral-based industries due to its large mineral deposits. The state contributes to almost 20% of stainless steel and 50% of aluminum smelting capacity in India, which is largest by any state in the country. It is also the first state in India to have undertaken restructuring initiatives in the power sector. Bhubaneswar, the capital city of Odisha, was ranked #1 in the Smart City Challenge of Government of India.

A first-of-its-kind Single Window Portal called Government of Odisha – Single Window for Investor Facilitation and Tracking (GO SWIFT) has been introduced covering the complete life-cycle of industrial projects for time-bound and hassle-free investment in the State 

Key upcoming projects include:

  •  National Investment and Manufacturing Zone (NIMZ) in an area of 16,325 ha in Kalinganagar
  •  Electronics Manufacturing Cluster in Bhubaneswar, set up over an area of 87 ha
  •  Aluminium Park at Angul and Seafood Park at Deras 
  •  Smart Cities Mission, for which Bhubaneswar and Rourkela are the cities identified from Odisha
  •  Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) with 12,300 ha processing area and Plastic Park with an area of 49 ha, both in Paradip

Key upcoming industrial corridor:

  •  East Coast Economic Corridor (ECEC) is a key upcoming corridor, running from Kolkata in West Bengal to Kanyakumari in Tamil Nadu

Details on investment opportunities in Odisha could be accessed at Invest Odisha

Highlights

  • Largest producer of metals and minerals - aluminium, steel, bauxite, chromite and iron ore
  • Second largest producer of horticulture crops - brinjal, cabbage
  • Second largest publicly owned port in cargo-handling capacity at Paradip

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  • GSDP (Current price)

    USD 63.9 bn (2017-18)

  • GSDP growth rate (YoY)

    11% (2016-17)

  • Per capita income

    USD 1,121 (2016-17)

  • FDI inflow

    USD 416 mn (2000-17)

Demographics

63% of Odisha's population lies in the working age group of 15-59 years.

Odisha is the 11th most populated state in India, with 3.5% of its total population.

The total population of Odisha is 41.9 mn, which is equivalent to the population of Argentina, with just 5.6% of the geographical area of Argentina.

  • 17%

    Urbanisation rate

  • 978

    females/ 1000 males

Skilled manpower
  • Engineering colleges

    92

  • Management colleges

    66

  • Architecture colleges

    5

  • Pharmacy colleges

    16

Key Sectors

Odisha is one of the four states in India where Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) is being set up with a refinery of 15 MMTPA of expected capacity. The chemical exports from Odisha grew by 400% in value between 2012-2014, reaching USD 136.4 mn by the end of 2014.

Odisha has 10 agro-climatic zones and 8 major soil types favourable for production of variety of crops. The state is the fourth largest producer of vegetables in India. It has a long coastline of 485 km, and is the fourth largest producer of shrimps in the country.

Odisha produced USD 579 mn worth of mineral resources in 2016-17. The state has 99% of India’s chromite deposits, 51% of iron ore deposits and 39% of bauxite deposits. The state has the presence of several investment regions such as Kalinganagar National Investment and Manufacturing Zone and Downstream Aluminum Park at Angul set up by the state government along with private regions such as Gopalpur Industrial Park set up in 1,200 ha area by Tata Steel, with 500 ha of multiproduct SEZ. 

Tourism sector contributes 13% to the GDP of Odisha. The state recorded 12 mn tourist arrivals in the year 2015, with annual growth of 9.1%. The state government has developed tourism circuits such as the Golden Triangle of Tourism and Chilika Lagoon.

Major Investors