Odisha is considered to be one of the most preferred destinations for motivating investors to invest into the State. It enjoys several advantages in terms of connectivity, mineral reserves and sound Government policies. It has a well-qualified and professional workforce. Mineral deposits like iron ore, manganese ore, chromite, bauxite, graphite, etc as well as agricultural surplus like rice, pulses, oil seeds, vegetables, spices, etc offers vast scope for establishing new industries in Odisha. In addition, the State is also endowed with attractive tourism potential in the form of culture, heritage and economy.
Agriculture
Agriculture occupies a vital place in Odisha's economy with nearly 65 per cent of the total work force directly or indirectly engaged it. The State attaches top most priority to the growth of agro based and food processing industries. The Government has framed an agricultural policy with the aim of increasing investment in agriculture; bringing about a shift from subsistence to commercial agriculture and thus providing a status of industry to agriculture. There are several investment opportunities in the sector, which include :- (i) provision of infrastructure like cold storage, storage godown, lift irrigation, marketing, etc ; (ii) setting up of agro-based industries for value addition to agricultural produce; (iii) seed production and quality planting material; (iv) agro-service centers; (v) production of organic tea, coffee, ginger, turmeric, cashew,aromatic rice; (vi) export of horticultural produces; (vii) fisheries and fish processing; etc. Priority has been accorded to agriculture extension through application of high-end crop production technologies as well as adoption of integrated nutrient management and pest management practices.
Automobile Industry
Odisha holds huge investment potential in the automobile sector including the auto component sector. This is because of the inherent advantages of the State in terms of raw material, cost and manpower. The resources available in the State to support automobile manufacturing units include:-
- Good quality pig iron / steel ingot and aluminum ingot;
- Steel flat products like plates and sheets;
- Steel rounds;
- Several state-of-the-art automobile tyre manufacturing units;
- Adequate supply of power in the State for the power intensive industrial activities;
- Several institutions which are a constant source of educated and skilled human resource; etc.
Investment Opportunities in the sector exist in passenger car segment, two wheeler segment and heavy truck segment. The Government is making all efforts to attract investors into the State, through various incentives and schemes.
Biotechnology
Given the rich bio-resources base, the State offers several opportunities for investment in the sector. This is particularly so, in the areas of tissue culture, herbal products, biofertilizers and biopesticides, as well as aqua-culture. The Government of Odisha has been encouraging investors through provision of infrastructural facilities and other necessary support.
Handicrafts and Handlooms
Odisha is known the world over for its traditional handlooms and handicrafts. The industry is being assisted by the Government in various ways. It is being provided raw material, marketing and quality upgradation facilities as well as the required financial support. The sector is a source of large scale employment in the State, particularly in the rural areas.
Mineral-based Industries
The State has vast and diverse mineral deposits amounting to almost 16.92% of the total reserves of the country. Mineral reserve of Odisha include chromite, nickel ore, graphite, bauxite, iron ore, manganese, coal, etc. Odisha offers investment opportunities for the following mineral-based industries:-
- Sponge Iron Unit
- Induction Furnace
- Coal Washery
- Aluminium Fluoride
- Powder Metallurgy
- Aluminium Downstream
The rich reserves of minerals in Odisha have led to the establishment of several mineral based industries in the State.
Tourism
Odisha offers excellent opportunities in the tourism sector. The Government has recognised the importance of tourism promotion in economic growth and has accordingly, undertaken several measures. These include:-
- A new logo to re-position and rebrand Odisha as a vibrant tourist destination
- Tourism fairs and festivals such as 'Sreekhetra Utsav' at Puri, 'Ekamra Utsav' at Bhubaneswar, 'Konark Festival' at Konark, showcasing tourism and cultural potential of the State
- Participation in travel-trade shows like 'Buddhist festival' at Bangkok, 'Leisure Moscow' at Moscow, 'WTM' at London, 'PATA convention' at Kuala Lumpur, 'IATO' at Kochi, 'TTF' at Kolkata, etc.
The State has several places for tourists attraction, in the form of ancient monuments; beaches; religious places; hot springs; forest and wildlife; etc. The beaches include Gopalpur, Puri, Chandipur, Chandrabhaga, Aryapalli, Astaranga, Balaramgadi, Balighai, Baliharachandi, Beleswar, Paradeep, etc. Atri, Deulajhari, Taptapani and Tarabalo are the hot springs. Major waterfalls in the State are Barehipani, Joranda, Badaghagra, Sanaghagra, Khandadhar, Duduma, Harishankar, Miriglotah, Nrusimhanath, Phurli Jharan and Pradhanpat.
A tourism policy has also been formulated by the Government for encouraging private investors. Investment opportunities in the sector, existing across a wide spectrum of areas, include:-
- Accommodation facilities in the form of hotels, motels, spas and resorts, camps and jungle lodges;
- Transportation services in the form of air, road and rail network, tourist vehicles and taxicabs;
- Entertainment and leisure centres in the form of amusement Parks, theme Parks, multiplexes; water sports complexes; golf courses, bowling alleys and other sports related facilities;
- Telecom infrastructure and internet facilities.
Project Profiles
^ Top
