2 hrs ago
Odisha Targets $500 Billion Economy Through Diversified Industrial Growth
Odisha wants its economy to be worth $500 billion by 2036.
It has approved hundreds of projects and is working to turn investment plans into operating businesses and jobs.
The state wants to grow new industries such as data centres, semiconductors, artificial intelligence and green energy.
Mining and metals will still matter, but Odisha also wants more products to be made from its resources inside the state.
It is also promoting industries that can employ many people, including textiles, food processing and tourism.
Officials say projects should bring opportunities to local communities and spread growth across districts.
They also say industries must follow environmental rules and rehabilitation requirements.
Odisha aims to build a $500-billion economy by 2036 by expanding beyond mining and metals.
In 2025-26, the government approved 234 projects worth Rs 4,63,596 crore, with estimated potential for 2,46,337 jobs.
By the account given, 106 of those projects had reached groundbreaking or inauguration, involving Rs 2,17,709 crore and potential for 1,57,964 jobs.
The state is seeking investment in data centres, semiconductors, artificial intelligence, green energy and advanced manufacturing, alongside labour-intensive industries.
Officials say growth should create local jobs and value, comply with environmental and rehabilitation requirements, and reach more districts.
- Who
- The Odisha state government; Hemant Sharma, Additional Chief Secretary in charge of Industries, Home, and Information and Public Relations, described the strategy.
- What
- Odisha is pursuing diversified industrial growth and a target of a $500-billion economy by 2036.
- Where
- Odisha, India.
- When
- The economic target is for 2036; project approvals cited cover 2025-26, with a broader project update reported through September 2026.
- Why
- To attract long-term investment, create jobs, increase value addition, expand exports and support balanced regional development.
Industrial expansion
Environmental and community safeguards
Growth and investment
Industrial expansion
The government says investment, new industries and project facilitation can create jobs, increase value addition and make Odisha a manufacturing and export hub.
Environmental and community safeguards
The article notes concerns about land acquisition and environmental sustainability; Sharma says development must meet environmental regulations and rehabilitation requirements and offer tangible local benefits.
Industrial priorities
Industrial expansion
Odisha plans to attract capital-intensive projects in technology and advanced manufacturing.
Environmental and community safeguards
The government also says it will promote labour-intensive sectors, including textiles, food processing, tourism, downstream manufacturing and MSMEs, to support employment.
Key facts
- Economic target
- $500 billion by 2036
- Projects approved in 2025-26
- 234 projects
- Investment approved in 2025-26
- Rs 4,63,596 crore
- Estimated employment potential of approved projects
- 2,46,337
- Groundbreaking or inaugurated projects in 2025-26 account
- 106 projects, involving Rs 2,17,709 crore and estimated employment potential of 1,57,964
- Broader portfolio milestone
- By September 2026, 151 projects worth Rs 3,11,722 crore had reached groundbreaking or inauguration; estimated employment potential was 2,40,697
- Recently approved IT, IT-enabled services and data-centre projects
- Four projects involving approximately Rs 1.43 lakh crore
- District reach of latest HLCA approvals
- 27 projects across 15 districts
Sources
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