Union Budget 2023-24
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SNAPSHOT

Largest producer of iron ore, bauxite, aluminum, steel and stainless steel in the country

Odisha is considered as a hub for mineral-based industries due to its large mineral deposits.

Odisha ranked #13 in Export Preparedness Index 2021 and is recognized as an “Achiever” among the coastal states by DPIIT in Logistics Ease (LEADS 2022).  

Odisha, with a coastline of 480 km, is located on the east coast of India along the Bay of Bengal. It is approximately 6 hours to about 50% of the world economy.

In January 2023, the Odisha government approved a proposal of ArcelorMittal Nippon Steel (AMNS) India Ltd to set up a 7 MTPA steel plant in Jagatsinghpur with an investment of INR 38,000 crore.

Odisha contributed around 47% of total major minerals produced in the country. The state has the highest percentage of Chromite, Nickel, Bauxite, Manganese, and Iron Ore mineral deposits in India.

The state is served by 2 ports – Paradip and Dhamra,10,000 km of highway road network and 2,500 km of railway network. Power surplus state with over 17,600 MW of power production. Odisha's NTPC Talcher Kaniha (3000 MW) is the best-performing thermal power plant with 94.2% Plant Load Factor.

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.

Odisha Skill Development Authority is a dedicated authority to facilitate skill development in accordance with the needs of the industries.

Minerals

Heartland of India’s Mineral deposits

Cargo Port

Geographically positioned to become the gateway to the ASEAN region.

Exports

Metallurgical products, Mineral products, Electronics products, Chemical & Allied Products, Marine Products and Petroleum Products are the key exports from Odisha.

Chemicals

Chemicals, Plastics and Petrochemicals

Indian Oil Corporation Limited (IOCL), is the biggest state owned oil and gas corporation is the Anchor Tenant with 15 MMTPA refinery under operation

Strategically located at Paradip Port. Paradip Port is Presence of Plastic Production Evaluation Centre of CIPET at Paradip

Odisha food and fisheries industry

Food Processing

Odisha has 10 agro-climatic zones and 8 major soil types

One of the leading vegetables, plantation crops and rice producing states of the country. Odisha is amongst the top three producers of cashew in the country. It is a major producer of Mango, Banana, Mushrooms and Lemon.

Development of two exclusive industrial parks for Food Processing units with fully developed infrastructure and Common Facility Center housing pulping line, cold storages and raw material godowns. 

Some major players present in the sector are Denzong Breweries, Parle Agro, Hindustan Coca-Cola beverages., Britannia Industries, Cargill India, Indo Nissin Foods.

Ancillary & Downstream Industries in Metals

Ancillary & Downstream Industries in Metals

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. 

In the Steel Industries, Odisha stands today as the largest steel and stainless-steel producer in the country. It produces more than 54% of aluminium in India and also contributes about 20% to steel making capacity in India.

Presence of large mother plants of SAIL, TATA Steel, JSPL, and Bhushan Steel

Dedicated locations identified at Kalinganagar and Jharsuguda for setting up Ancillary and Downstream parks
 

Tourism

Tourism

Known for its beauty, temples, monuments, craftsmanship, wildlife sanctuaries, natural landscape, and beaches

Odisha is home to many developed tourist circuits such as the Golden Circuit, the Buddhist Circuit, the Coastal Circuit, Eco Tourism Destinations, Chilika Lagoon, and Tribal Destinations. Odisha has enormous potential for tourist growth. Through public-private involvement, the government wants to triple the number of hotel rooms in the state by 2025 at a cost of $207.46 mn in capital expenditures.

Textiles, handlooms and handicrafts in Odisha

Textiles and Apparel

Odisha is one of the largest producers of cotton in the country.

One of the largest producers of hand spun and hand woven silk Popular for traditional forms of handloom and textiles with experienced manpower.

One of the lowest electricity tariffs amidst states
 

17

Urbanisation Rate

Females/ 1000 Males
1063

Female/Male Ratio

Male/Female Ratio

Demographics

Odisha, the 11th most populated state in India is home to 3.5% of the country's total population. (2011 Census)

The state's population of 41.9 mn is equivalent to the population of Argentina, on just 5.6% of its geographical area.

The literacy rate in the state is about 73% which has improved significantly over the last few years
 

Industrial Land Bank Portal

GIS - based map displaying available infrastructure for setting up business operations in the state.

Data On Map

MAJOR INVESTORS

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