Odisha, situated in the north-eastern part of the Indian peninsula, covers an area of 1,55,707 sq km. It lies between 17 degree 49' North to 22 degree 34' North latitudes; and 81 degree 27' East to 87 degree 29' East longitudes. It is bounded by the Bay of Bengal on the east; by Chhattisgarh on the west; by Jharkhand on the north; by Andhra Pradesh on the south; and by West Bengal on the north-east. The State has been divided into five major morphological regions, namely, the Odisha coastal plain in the east, the middle mountainous and highlands region; the central plateaus; the western rolling uplands and the major flood plains. It has a long coastline of about 500 km, with some of the most beautiful beaches in the world. The Chillika Lake is blackish water lagoon located in the southern part of the Odisha's coastal plain, which provides a haven for millions of birds. The lush green forest cover of the Odisha plays host to a wide variety of flora and fauna, including the famed royal Bengal tiger. Amidst the picturesque hills and valleys, nestle a number of waterfalls and rivulets that attract visitors from all over the world.
Odisha has a rich cultural heritage and is endowed with vast natural and mineral resources, which helps to build substantial industrial base. There exists large number of medium and small scale industries which offer the foundation for the development of a strong corporate sector. The major industries in the public sector are:- steel plant at Rourkela, an alumina refinery near Koraput, aluminium smelter at Angul, unit of Indian Rare Earth Ltd to manufacture heavy metals, phosphate fertiliser plant at Paradeep and an urea plant at Talcher. In the private sector, there are several major groups who have set up medium to large industries in paper, automobile, tyres, synthetic fibre, cement, sugar, vanaspati, electronics, ferro alloys, aluminium extrusions, sponge iron, etc.
The State is known as 'the soul of India', due to its several advantageous features:-
- Supportive and flexible administrative set up;
- Educated and skilled manpower;
- Vast reservoirs of natural resources;
- Strong agricultural and industrial base;
- Sound transportation and communication network;
- Excellent power supply;
- Investor friendly environment;
- Rich varieties of flora and fauna;
- Large consumer market base; etc.
Given this, the Government of Odisha has been making several efforts for attracting investment into the various sectors of the State. The investors can set up various industrial units by optimally utilising the numerous resources as well as the incentives and schemes available in the State.
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