Odisha - at a glance
Odisha is located in the eastern region of India. The state shares its borders with West Bengal in the north-east, Jharkhand in the north, Andhra Pradesh in the south, Chhattisgarh in the west & the Bay of Bengal in the east. Odisha has high Economic Growth, Policy, fiscal incentives and initiatives, Rich labour pool, Facilitating infrastructure, etc
Urban Physical Infrastructure
Bhubaneswar, Odisha’s capital, has secured a spot in the list of world’s top 20 smart cities in 2017. The ranking has placed the city at the 13th position in terms of safety and 20th in three other parameters viz. mobility, healthcare and productivity. In budget 2021-22, the state government allocated Rs 400 crore (US$ 62.06 million) under “Smart Cities Mission”. • Government of India has approved 5,133 affordable houses in 26 cities of Odisha with an investment of Rs 156 crore (US$ 24.10 million) of which central government would contribute 77 crore (US$ 11.89 million). • As per the State Budget 2021-22, the Government of Odisha has allocated an amount of Rs 5,578.69 crore (US$ 773.21 million) under the Housing and Urban Infrastructure Department
Metals and Mining - the Key sectors
Odisha is one of India’s richest states in terms of mineral reserves. The mineral belt is spread over an area of more than 6000 sq km. Moreover, the state accounts for more than 35 per cent of total iron ore resources of the country. The key minerals found in the state are iron, coal, bauxite, manganese, nickel, chromite, limestone, dolomite, graphite, decorative stones, beach sand, china clay, tin ore, etc. Odisha is considered to be the aluminium capital of India and is an ideal location for setting up aluminium and aluminum-based companies due to the presence of more than half of the country’s bauxite reserves, in the state, and presence of Vedanta, Hindalco and NALCO in Odisha. Odisha being one of the largest producers of iron and steel in the country, accounts for 10 per cent share in the nation’s steel production.
Investments Oppurtunity in Odisha
- 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.