Focus Sector

Tourism
Food Processing including Sea Food
Chemicals, Plastics & Petrochemicals
Electronics Manufacturing
Ancillary & Downstream Industries in Metal Sector
Textiles & Apparel
Tourism

Tourism

Over past six decades, tourism has continuously expanded and diversified with ever-increasing number of destinations, to become one of the largest and fastest-growing economic sectors in the world. In a broader sense, Tourism is about travel, travellers and visitors, which creates opportunities for various businesses and influences wide range of industries. These industries that provide consumption goods and services together constitute to the ‘Tourism Sector’. Hence, tourism is not only a growth engine but also an employment creator, impacting both the economic and socio-cultural development of a country. 

The Travel & Tourism (T&T) industry is the largest contributor to employment and economy, which is 9.8% of the global GDP (US $7.2 trillion) in 2015 (exceeding forecast of 9% contribution), including direct, indirect and induced impacts. Despite the slow economic growth, the tourism sector has shown significant resilience globally. Despite global economic uncertainty, the sector grew by 3.1%. This upward trend in T&T sector is likely to continue over next two decades, at an expected annual growth of 4% – faster than financial services, transport and manufacturing sectors. Tourism added 7.2 million jobs to the global economy, about 1 in 11 jobs globally. One job in the core tourism industry creates about one and half indirect jobs in tourism-related economy. Furthermore, for accommodation industry, for each of the core job supports three indirectly dependent jobs.

Odisha Tourism and Hospitality Sectoral Overview

Odisha is known for its scenic beauty, exquisite temples, extraordinary monuments, exquisite craftsmanship, wildlife sanctuaries, natural landscape and pristine beached all over the world. Tourism in Odisha has grown considerably in recent years on account of good infrastructure facilities, favourable government policies, improvement of existing tourist locations, development of new tourist destinations and strong growth of hotel and restaurant industry in the state.

  1. Tourism in Odisha is one of the main contributors to the Economy of Odisha (13% of GDP of Odisha). Blend with both forward and backward linkages, hospitality sector generate more than 92 thousand direct employment and 2.77 lakh indirect employments in the ratio of 1:3 in Odisha. Most tourists to Odisha come from West Bengal and Andhra Pradesh.
  2. Domestic and foreign tourist arrivals have been increasing continuously during last decade in Odisha with just 31.1 lakh domestic tourists and 22,854 foreign tourists in 2001 to 117.86 lakh domestic and 66,971 foreign tourists in 2015, posing an annual growth of 9.12 per cent
  3. There is an increasing trend in spending and average duration of a trip to Odisha for both domestic and foreign investors. The average spending of domestic and international tourist has increased by 6.4% and 20% respectively during FY2004-05 to FY2013-14. Almost 46% of the tourists visiting the state are from Western Europe.
  4. Odisha secured 3rd rank in terms of intensity of overnight domestic tourism, with an average of 541 trips per 100 households, as compared to the all-India average of 418 trips per 100 households. Therefore, the tourism intensity in Odisha is 29 per cent higher than the national-level tourism intensity. (source:National Council of Applied Economic Research, 2015)
  5. Odisha secured 4th rank with 552 trips per 100 households as against 440 for India. The rank for urban Odisha was 3rd with an average of 479 trips per 100 households as compared to 365 for urban India (source:National Council of Applied Economic Research, 2015) 
 

Sector Profile

Food Processing including Sea Food

Food Processing including Sea Food

Food industry is a $3.2 trillion industry worldwide. Only 6% of the processed food is currently traded worldwide. However, in the past two decades the global imports have increased at a CAGR of 5.56%, indicating an increase in processed food trading.

India is the 4th largest exporter of all agricultural products. India is also a major producer of grains, vegetables, fruits and animal products. With all these produces, Indian food processing industry is worth $135 billion and is expected to grow at a CAGR of 10%.

Odisha is one of India’s agriculturally rich states. It is one of the largest producer of fruits, rice, pulses and major crops in the country. Odisha has 363,000 hectares of area under agriculture and horticulture, which has been increasing over the years. The state houses a large poultry industry, which is recognized as an agricultural activity. The State has excellent potential in developing value added products from dairy.

With all the available resources, Odisha intents to be a major destination for investments in the agro/food processing sector. The state has identified agro and food processing infrastructure as a priority sector for interventions. As an initial step to encourage food processing infrastructure, the state houses 274,000 MT of cold storage facilities.

Recognizing the potential of Food processing industry, the state has formulated an exclusive Food processing policy in 2013 itself, providing incentives to units willing to set up food processing investments in the state. To provide fillip to the Food processing industry, the policy provides a one-time capital grant towards development of Food Parks.

To encourage investments in the sector, two Mega Food Parks are under development. These exclusive parks being developed in Rayagada and Khurda offer plug and play infrastructure with cold storage facilities, testing labs, skill development centers creating a complete ecosystem to the development of the industry.

The state has also identified the sector as a priority sector, as part of the IPR – 2015 and is according special incentives to the investor units.

Opportunities are abound in the field of rice processing, support infrastructure, vegetable processing and poultry sectors. Odisha welcomes investments in this sector and shall provide ‘single point’ services to the interested investors. Further details and information about the sector and incentives are available in the detailed profile.

Sea Food

India is the second largest producer of seafood in the world with its 8,118 km long coastline. India is also one of the largest exporters of shrimps to the markets of Europe, Japan and US. The exports has also seen an unprecedented 42.6% growth over 2013-14.

Odisha, with its long coastline of 480 km, has setup suitable infrastructures facilities to enable seafood processing such as marine fish landing centers, processing plants, marine crafts, ice plants, cold storages and peeling sheds.

An exclusive Sea Food Park is under development to boost the opportunities in the sector. The Greenfield cluster at Deras houses state-of-the-art common infrastructure for collective processing of seafood products. It houses exclusive common facilities for sea food processing like cold storage, pre-processing center, block ice factory, skill development center, polythene unit, R&D center, etc. It is the only such facility on the east coast of India. With all the required infrastructure and utilities available, this park will provide the necessary base to setup a competitive seafood unit.

The Industrial Policy 2015 has identified seafood processing as a thrust sector and has made special incentives for the development of this sector. Other than IPR, the Odisha Food Processing policy also provides for various incentive schemes for investors in this sector. Further details and information about the sector and incentives are available in the detailed profile.

 
Sector Profile
Chemicals, Plastics & Petrochemicals

Chemicals, Plastics & Petrochemicals

India is the fourth largest consumer of crude oil and petroleum products in the world. India is also the third largest producer of chemicals in Asia.

The sector has been growing significantly over the past few years. This can be substantiated by the 400% increase in the value of chemical exports from Odisha over years the last 2 years (2013-14 and 2012-13). PCPIR region in Paradip is being developed as world class infrastructure to provide a conducive business environment and promote and attract exclusive investments in the Petroleum, Chemicals, Petrochemicals and allied sector. It is one of the only four proposed PCPIRs in India and is also located near one of the largest freight ports in India, which provides a gate way to all the markets in Indo-China and eastern Asia.

Spread across an area of nearly 68,000 acres and with envisaged investment of USD 43.74 billion in numerous sectors such as Petroleum & Petro-Chemicals Sector, Chemicals & Fertilizers, Ancillary Sectors, Housing & Allied Infrastructure and External Infrastructure and it is one of the largest integrated investment regions in India.

Indian Oil Corporation Limited (IOCL), India’s biggest state-owned oil gas corporation is the anchor tenant of the project and has also committed to Petrochemical feedstock such as Polypropylene, Mono Ethylene Glycol, Paraxylene-Purified Terephthalic Acid (PTA) Complex and Petcoke Gasification from its refinery. The development shall be State-of-art with a combination of production units, public utilities, logistics, environmental protection mechanisms, residential areas and administrative offices and robust Infrastructure with efficient road network, effective water supply system and all modern facilities. The Industrial Policy also recognizes the sector as a Priority Sector and will incentivize all investments in this sector.

Further details and information about the sector and incentives are available in the detailed profile.

 
Sector Profile
Electronics Manufacturing

Electronics Manufacturing

IT/ITES and ESDM sector is a new industry, changing the face of knowledge economy. With the growing need for IT and hardware solutions across the globe, this sector has seen phenomenal growth in the recent past.

India is one of the major contributors to the international IT services market. The IT industry is expected to grow by 15% in the future and India will be a major software exporter. Odisha has attracted some of the largest IT companies in India. Bhubaneswar is home to the four largest IT companies in India, TCS, Infosys, Wipro and Mahindra Satyam. The State has created state-of-the-art infrastructure facilities equipped with plug-n-play facilities and abundant power supply to ensure smooth operation of IT sector.

Odisha has developed IT specific SEZs to cater to the demand of the sector. Large IT infrastructure initiatives such as Info Park, Info valley, Infocity and IT investment regions are under development giving a fillip to the IT/ITES sector.

Recognizing the strong footprint of the IT sector the state has identified ESDM as a priority sector. The presence of IT ecosystem coupled with an exclusive electronics manufacturing cluster shall establish Odisha as a major destination for ESDM investments.

The state has an exclusive ICT policy providing incentives and creating a sound ecosystem to the startup movement. The IPR 2015 identifies IT/ITES and ESDM as focus sectors.

Recognizing the importance of ESDM the government has announced a special incentive package scheme for the sector comprising of subsidy on fixed capital investment for plant & machinery, exemption from Entry Tax on acquisition of machinery and equipment, Training subsidy, etc.

Further details and information about the sector and incentives are available in the detailed profile.

Sector Profile
 
Ancillary & Downstream Industries in Metal Sector

Ancillary & Downstream Industries in Metal Sector

In India, the metal industry has witnessed an exponential growth. As one of the largest growing economies, India is a major consumer of metals such as steel, stainless steel and aluminium. India is the largest consumer of sponge iron in the world, second largest consumer of stainless steel and third largest consumer of finished steel. India is also the fourth largest crude steel producer and fifth largest aluminium producer in the world.

Odisha with its bountiful natural resources has always been the favorite investment destination in the metals sector. Odisha is the largest Aluminium producing State in the country with 54% of the aluminium smelting capacity. It is also the largest Stainless steel producer of the country and has 20% of the Steelmaking capacity of India.

With all the available resources, Odisha has huge potential for ancillary and downstream industries in the metal sector. The Government has been pro-active and pushing the envelope to come up with an array of Investment regions and Industrial Parks such as the Kalinganagar National Investment and Manufacturing Zone, Downstream Aluminum Park at Angul, Downstream Steel Park at Angul, Stainless Steel Industrial Park at Kalinganagar, etc. The industrial parks would have committed feedstock from the mother plants in the vicinity and world class infrastructure with enabling ecosystem.

Odisha invites investors to explore the large opportunities in the sector and reap the benefits of the investor friendly ecosystem. Further details and information about the sector and incentives are available in the detailed profile.

 
Textiles & Apparel

Textiles & Apparel

India is among the ten largest exporters of apparels in the world. India also ranks second in cotton and silk production, while leading the world in jute production. India is one of the cheapest countries in terms of cost competitiveness of the materials.

Odisha has a long history of textile industry. The handlooms of Odisha have gained worldwide acclaim and reputation for design and quality. Various designs have existed in Odisha such as Sambalpuri, Bomkei and Berhampuri. Odisha is also famous for its Ikat type of weaving.

Odisha is planning to setup two textile parks to encourage investments in these regions. These are integrated textile parks with common facilities and infrastructure to support the entire value chain in the sector. With abundance of cotton, the parks will have regular supply of raw materials. The State also proposes to setup cotton processing, spinning and weaving, textile and garment plants for investment across State.

The State has also created provisions for setup of technical textiles manufacturing, made from synthetic fibers for industrial uses, at the PCPIR in Paradip. The IPR identifies textiles as a Priority sector and provides many incentives for the investing units including technical textiles.

Further details and information about the sector and incentives are available in the detailed profile.

Sector Profile

News/Events

JSL-led SPV to invest Rs 7.7 billion on downstream park in Kalinganagar

01-Oct-2018

JSL-led SPV to invest Rs 7.7 billion on downstream park in Kalinganagar

Source:https://www.business-standard.com

The park is billed to draw investments worth Rs 7.2 billion from 90 downstream units. The number of units will be in addition to the one installed by the anchor investor Leading stainless steel producer Jindal Stainless Ltd (JSL) will pump in Rs 7.7 billion via a special purpose vehicle (SPV), to develop external as well as socio-economic infrastructure on a downstream steel park in Kalinganagar, where it is the anchor investor.

The park is billed to draw investments worth Rs 7.2 billion from 90 downstream units. The number of units will be in addition to the one installed by the anchor investor.

While building trunk infrastructure such as roads will entail Rs 1.7 billion in investments, the rest will be devoted to creating social infrastructure, including accommodation for the employees.

"The park will be adjacent to our facility, sprawling on about 300 acres of land. We are awaiting the allotment of land by the state authorities," said a JSL official.

The park promises creation of direct jobs for 8,000 people. Besides, 10,000 others are projected to be indirect beneficiaries of the employment spin off.

Investments valued at Rs 7.2 billion are expected to flow in to the park as per estimates by consulting firm CBRE. The park has got in-principle approval from the Odisha government.

Development of downstream parks in metals sector augurs well for the state government as it prepares for its second showpiece investment summit, 'Make in Odisha' from November 11 to 15 this year.

Ancillary and downstream industries in metals such as steel and aluminium are listed as one of the six focus sectors by the state government in its Industrial Policy Resolution (IPR), 2015.

Despite accounting for around 20 per cent of the country’s crude steel output and leading others in stainless steel production, there is scarcely any downstream steel activity in the state. Odisha is home to leading steel makers like Tata Steel, Jindal Steel & Power Ltd (JSPL), Bhushan Steel and Jindal Stainless, to name a few manufacturers. Downstream steel parks are expected to provide impetus to value addition and boost steel consumption in the state. Although Odisha produces nearly 22 million tonnes of steel each year, hardly 10 per cent is consumed within the state due to lack of demand.

Opportunities for downstream and ancillary industry in Odisha exist in areas like equipment manufacturing, foundries, flat and cold rolled products, fabrication, machining and precision equipment, appliances & white goods, auto components, fasteners and kitchenware.

A report by leading consultancy KPMG has pegged the investment at Rs 12 billion on infrastructure development to develop a full-fledged ecosystem for downstream steel industries. It has suggested establishment of six downstream steel parks at Jharsuguda, Rourkela, Barbil, Paradip, Sambalpur and Dhenkanal for greater value addition of steel within the state with supplies of molten material from the mother plants. Each downstream park has the potential to create employment for approximately 5,000 people.

Newsletter Subscribe Newsletter

News/Events

  • JSL-led SPV to invest Rs 7.7 billion on downstream park in Kalinganagar

    JSL-led SPV to invest Rs 7.7 billion on downstream park in Kalinganagar

    https://www.business-standard.com

    The park is billed to draw investments worth Rs 7.2 billion from 90 downstream units. The number of units will be in addition to the one installed by the anchor investor Leading stainless steel producer Jindal Stainless Ltd (JSL) will pump in Rs 7.7 billion via a special purpose vehicle (SPV), to develop external as well as socio-economic infrastructure on a downstream steel park in Kalinganagar, where it is the anchor investor.

    The park is billed to draw investments worth Rs 7.2 billion from 90 downstream units. The number of units will be in addition to the one installed by the anchor investor.

    While building trunk infrastructure such as roads will entail Rs 1.7 billion in investments, the rest will be devoted to creating social infrastructure, including accommodation for the employees.

    "The park will be adjacent to our facility, sprawling on about 300 acres of land. We are awaiting the allotment of land by the state authorities," said a JSL official.

    The park promises creation of direct jobs for 8,000 people. Besides, 10,000 others are projected to be indirect beneficiaries of the employment spin off.

    Investments valued at Rs 7.2 billion are expected to flow in to the park as per estimates by consulting firm CBRE. The park has got in-principle approval from the Odisha government.

    Development of downstream parks in metals sector augurs well for the state government as it prepares for its second showpiece investment summit, 'Make in Odisha' from November 11 to 15 this year.

    Ancillary and downstream industries in metals such as steel and aluminium are listed as one of the six focus sectors by the state government in its Industrial Policy Resolution (IPR), 2015.

    Despite accounting for around 20 per cent of the country’s crude steel output and leading others in stainless steel production, there is scarcely any downstream steel activity in the state. Odisha is home to leading steel makers like Tata Steel, Jindal Steel & Power Ltd (JSPL), Bhushan Steel and Jindal Stainless, to name a few manufacturers. Downstream steel parks are expected to provide impetus to value addition and boost steel consumption in the state. Although Odisha produces nearly 22 million tonnes of steel each year, hardly 10 per cent is consumed within the state due to lack of demand.

    Opportunities for downstream and ancillary industry in Odisha exist in areas like equipment manufacturing, foundries, flat and cold rolled products, fabrication, machining and precision equipment, appliances & white goods, auto components, fasteners and kitchenware.

    A report by leading consultancy KPMG has pegged the investment at Rs 12 billion on infrastructure development to develop a full-fledged ecosystem for downstream steel industries. It has suggested establishment of six downstream steel parks at Jharsuguda, Rourkela, Barbil, Paradip, Sambalpur and Dhenkanal for greater value addition of steel within the state with supplies of molten material from the mother plants. Each downstream park has the potential to create employment for approximately 5,000 people.

    The park is billed to draw investments worth Rs 7.2 billion from 90 downstream units. The number of units will be in addition to the one installed by the anchor investor Leading ...

    01-Oct-2018

  • Join the juggernaut, Odisha CM tells TN investors-test

    Join the juggernaut, Odisha CM tells TN investors-test

    https://www.thehindubusinessline.com/news/join-the-juggernaut-odisha-cm-tells-tn-investors/article25

    “Experience the countless opportunities my State has to offer and I also assure you unmatched facilitation support from my government.” This is Odisha Chief Minister Naveen Patnaik’s message to investors.

    Speaking at an investor meet organised by Odisha government in association with Federation of Indian Chamber of Commerce and Industry(FICCI) here on Wednesday, Patnaik invited the business community from Tamil Nadu to take part in the second edition of ‘Make in Odisha Conclave 2018’ and invest generously in the State.

    “Experience the countless opportunities my State has to offer and I also assure you unmatched facilitation support from my government.” This is Odisha Chief Minister ...

    28-Sep-2018

  • India's NALCO plans to invest 55.2 billion rupees in Odisha

    India's NALCO plans to invest 55.2 billion rupees in Odisha

    www.business-standard.com

    India's National Aluminium Co. Ltd. plans to invest 55.2 billion rupees ($756.4 million) in the eastern state of Odisha to expand capacity, a government statement said on Tuesday.

    The company plans to manufacture aluminium products and a proposal has been sent to a panel headed by the state's chief minister for approval, the statement added.


    Odisha has received investment proposals worth 74.16 billion rupees, mainly from Indian companies, as part of its drive to create employment, the state government said.

    India's National Aluminium Co. Ltd. plans to invest 55.2 billion rupees ($756.4 million) in the eastern state of Odisha to expand capacity, a government statement said on ...

    18-Sep-2018

  • Government of Odisha’s I AM ODISHA campaign celebrates the achievements and successes of the State

    Government of Odisha’s I AM ODISHA campaign celebrates the achievements and successes of the State

    orissadiary.com

    BhubaneswarIn line with the theme of Make in Odisha Conclave 2018, a campaign named “I am Odisha” was launched by the Hon’ble CM during the roadshow in Mumbai on 08th August 2018. #IamOdisha is a tribute to the forces contributing to create a conducive business ecosystem. It tells the stories of entrepreneurship, innovation, and drive while inspiring people to showcase their own. A campaign that celebrates people from the state by highlighting stories that have contributed to the state’s success. #IamOdisha will conclude in a grand finale at the Make in Odisha Conclave, a global summit to showcase Odisha’s strengths as an investment destination and the myriad business opportunities for investors.

    To maintain a distinct visual identity for the logo, the existing elements from the Invest Odisha logo were used. In order to do this, ‘O’, the first letter of Odisha which represents the rising sun and also the distinctive red soil of the region was used in the logo to make it synonymous with all things Odisha. The ‘O’ is at the centre of the visual identity and elements of a deconstructed ‘O’ were used as a recurring motif throughout all communication across all social platforms. The call to action “Join the Juggernaut” was inspired from the annual RathYatra of Lord Jagannath which symbolizes an unstoppable force. Through this call to action, investors and the public at large have been encouraged to join Odisha’s march to progress. 

    The campaign aims to feature prominent young entrepreneurs and innovators from the State, non-resident Odias who have made their mark in the world of business, interesting success stories of MSMEs and skill development, industrial infrastructure, large industries besides remarkable trivia about the State.   

    Odias across the world are urged to submit their stories or of those around them and select five entries will be felicitated in the Make in Odisha Conclave in November, 2018. The stories need to be in the areas of entrepreneurship and innovation outlining the impact the idea or venture has had on the lives of people. All one needs to do is to log on to www.iamodisha.info and fill up a simple form on the website to share the story. Alternatively, one can just share the story via WhatsApp at +91-7978927908.

    Commenting on the response, Sanjeev Chopra, Principal Secretary, Department of Industries, Government of Odisha said, “In the past, the State’s strength’s and achievements were not known widely outside its boundaries. This campaign aims to celebrate the achievements and successes of Odisha. We thank all the people who have submitted their stories so far and urge others to share their story of entrepreneurship and innovation with us.”

    Bhubaneswar: In line with the theme of Make in Odisha Conclave 2018, a campaign named “I am Odisha” was launched by the Hon’ble CM during the roadshow in ...

    22-Aug-2018

  • The Pride of Being

    The Pride of Being "I Am Odisha"

    mycitylinks.in

    There is a huge business potential in Odisha and there are a lot of entrepreneurial and visionary stories to be heard and told. And, the ‘I am Odisha’ campaign for sure is creating a platform for these stories to come to the fore.

    In line with the theme of Make in Odisha Conclave 2018, a global summit to showcase Odisha’s strengths as an investment destination and the myriad business opportunities for investors, the‘I am Odisha’ campaign was launched by Chief Minister Naveen Patnaik during a roadshow in Mumbai on August 8, 2018. Since its launch, the campaign by portraying interesting features about Odisha, is turning out to be an innovative way to address Odisha’s success. 

    The #IamOdisha campaign is a tribute to the forces contributing to create a conducive business ecosystem in the state. It narrates and honours the stories of entrepreneurship, innovation, and drive while inspiring people to showcase their success stories and visionary approaches. This is a campaign that celebrates people from the state by highlighting stories that have contributed to the state’s success.

    The campaign aims to feature prominent young entrepreneurs and innovators from the state, non-resident Odias who have made their mark in the world of business, interesting success stories of MSMEs and skill development, industrial infrastructure, large industries besides remarkable trivia about the state.  

    As part of the campaign, the call to action ‘Join the Juggernaut’ has also been chalked out, inspired from the annual RathYatra festival of Lord Jagannath which symbolises an unstoppable force. Through this call to action, investors and the public at large are being encouraged to join Odisha’s march to progress. 

    Odias across the world are being urged to submit their success stories or of those around them. Five selected entries will be felicitated in the Make in Odisha Conclave to be held in November, 2018. The stories need to be in the areas of entrepreneurship and innovation and should outline the impact the idea or venture might have had on people.

    Talking about the response to the campaign,Sanjeev Chopra, Principal Secretary, Department of Industries, Government of Odisha said, “In the past, the state’s strength’s and achievements were not known widely outside its boundaries. This campaign aims to celebrate the achievements and success of Odisha. We thank all the people who have submitted their stories so far and urge others to share their story of entrepreneurship and innovation with us.”

    #IamOdisha will conclude in a grand finale at the Make in Odisha Conclave.

    There is a huge business potential in Odisha and there are a lot of entrepreneurial and visionary stories to be heard and told. And, the ‘I am Odisha’ campaign for ...

    22-Aug-2018

  • Odisha hotels eye tie-ups with luxury brands to attract foreign tourists

    Odisha hotels eye tie-ups with luxury brands to attract foreign tourists

    business-standard

    In its efforts to increase international tourist footfall, the Odisha tourism department is engaging key state-based hoteliers to tap the franchise business model with flagship brands like Hilton Group, Sheraton Hotels and Resorts, Radisson Hotels, and Starwood. 

    Collaboration with hospitality brands of repute could help showcase Odisha as a global tourism destination.

    Recently, the state tourism department impressed upon state-based hospitality majors the need to collaborate with flagship hotel brands. Odisha has a dismal record in attracting international brands and collaborations secured by a local hotelier could overcome this handicap. "The key reason why we are unable to pull high-end international tourists is the lack of enough five-star hotels. We have suggested to local hoteliers to explore collaborations with hospitality brands of international repute like Radisson or Novotel so that they can get franchisees to operate," a government official said.

    Leading hotel groups in the state are open to the concept.

    "Collaborating with international brands likes Marriott, Starwood, Hilton Group, Sheraton Hotels and Indian brands like Taj Group, Trident will ease the marketing process as these global players have properties worldwide. Odisha's hotels will get visibility and accessibility to the global market through franchisee model," said J K Mohanty, the chairman of the Hotel and Restaurant Association of Odisha (HRAO) and the chairman & managing director of city-based Swosti Group.

    In its efforts to increase international tourist footfall, the Odisha tourism department is engaging key state-based hoteliers to tap the franchise business model with ...

    17-Aug-2018

  • Second industrial estate of Odisha Industrial Infrastructure Development Corporation at Basantpur soon

    Second industrial estate of Odisha Industrial Infrastructure Development Corporation at Basantpur soon

    newindianexpress.com

    SAMBALPUR:  The Odisha Industrial Infrastructure Development Corporation (IDCO) will soon develop a new industrial estate at Basantpur located on the outskirts of Sambalpur city. Divisional Head of IDCO, Sambalpur Gouri Shankar Naik said Basantpur Industrial Estate will be developed over an area of 100 acre. The demarcation for construction of the approach road to the industrial estate was completed recently. After the approach road is completed, internal roads will be constructed in the industrial estate, he said.

    Naik said at least 100 industrial units could be accommodated at the new estate. Ten entrepreneurs have already applied for land to set up their units of whom two have evinced interest to set up water park. However, land will be allotted to eligible entrepreneurs only after completion of the roads, he said.To develop the industrial estate, IDCO authorities had purchased 100 acre of Government land at Basantpur on January 18, 2008 at a price of `2 crore.

    Basantpur will be the second industrial estate of IDCO in Sambalpur. Earlier, the Corporation had developed Sambalpur Industrial Estate at Baraipali in the city over an area of 19.683 acre. The Sambalpur Industrial Estate houses 34 industrial units including pharmaceutical, printing and food processing industries.The strategically-located Basantpur is well connected to National Highway 6 and there is no dearth of water in the locality.

    Basantpur will become a major industrial hub with at least four major projects - permanent campus of Indian Institute of Management, Sambalpur (IIM-S), Sainik  School, the second campus of Gangadhar Meher University (GMU) and Group Centre of the Central Reserve Police Force (CRPF) - coming up in area.  Sources said work on the 1500 metre long second high level bridge from Sambalpur to Chaunrpur on Mahanadi river is almost complete. The bridge will help connect Basantpur with the Sambalpur city directly.

    SAMBALPUR:  The Odisha Industrial Infrastructure Development Corporation (IDCO) will soon develop a new industrial estate at Basantpur located on the outskirts of ...

    18-Aug-2018

  • Opinion | The growth outlook and the investment potential of states

    Opinion | The growth outlook and the investment potential of states

    https://www.livemint.com/Opinion/kgcZ4nUXU3HlKNpJtan3zN/The-growth-outlook-and-the-investment-potent

    The Indian economy is now growing at over 7% per year despite an uncertain external environment and mixed domestic conditions. Provisional estimates indicate that the economy grew at 6.7% during fiscal year 2017-18 (FY18). But high frequency quarterly data in the same estimates also indicate that the growth cycle bottomed out in the first quarter of FY18 and growth has exceeded 7% since the third quarter of FY18. Based on these high frequency indicators, which are much sharper than the blunt annual estimates, virtually all official and private forecasts, both domestic and international, have projected that the economy will grow at over 7% during FY19. This is not as high as the 8.7% average growth recorded during FY07 to FY11 as per the recent backcasting of the new gross domestic product (GDP) series (2011-12 base) in the report of the National Statistical Commission’s Committee on Real Sector Statistics. But it marks an upturn compared to the 6.8% average growth for the period FY12 to FY18. 

    This return to 7% plus growth is quite remarkable given the mixed growth environment. Despite robust growth in the US and other advanced economies, the external outlook remains grim with gradual monetary tightening in these countries, elevated oil prices, and the Donald Trump-triggered tariff war. Internally, the price situation is still benign. But rainfall is still in deficit in large parts of the economy, though the situation is improving. The economy has also not yet fully recovered from the shocks of demonetization and the goods and services tax (GST), though their short-term growth effects seem to be fading.

    That growth has remained high despite this mixed environment has much to do with the fact that a large part of the economy, particularly relating to agriculture and the public services segment, is supply-driven and independent of demand-side market sentiments.

    Though these supply-side drivers reappear on the demand side because of the circular flow of income, there are clearly limits to such supply-driven growth, as opposed to productivity or demand-driven growth. For the growth prospects of what Indira Rajaraman has called the “core economy” (Mint, 6 July)—the economy excluding agriculture and public services—investment is perhaps the single most important driver, especially when the export outlook is bleak.

    The quarterly data cited earlier indicates that along with overall growth, the growth of real investment or gross fixed capital formation (GFCF) also bottomed out in the first quarter of FY18 and has risen since then. But the recovery remains weak and the investment rate (GFCF/GDP) remains well below the peak rate of 34.3% achieved in FY12. Revival of the private investment cycle is key in this context as private investment is the main component of real capital formation.

    Macroeconomic factors like the aggregate fiscal and monetary policy stance are clearly critical for revival of the private investment cycle. So are structural policy reforms such as the GST and the Insolvency and Bankruptcy Code (IBC), though the recent reversal of reforms in trade and tariff policy has been disappointing. Apart from strengthening indirect tax compliance, GST is unifying India into a vast common market. Similarly, the IBC should help break the banking sector gridlock, which is perhaps the most important macro-level roadblock to reviving the private investment cycle.

    Apart from these macro or countrywide factors, investment conditions in individual states are also critical for private investment. These state-specific conditions on the ground ultimately determine the success or failure of investment projects and, therefore, affect aggregate trends. They also determine the geography of growth, whether growth is likely to converge or diverge across states going forward. In this context, the NCAER State Investment Potential Index (N-SIPI) report recently released by the National Council of Applied Economic Research is quite revealing. The N-SIPI has ranked 20 major states and the Union territory of Delhi for their investment potential based on indicators for six major pillars—land, labour, infrastructure, economic climate, political stability and governance. Apart from other information, the N-SIPI also incorporates the perceptions of entrepreneurs, based on a survey of 1,049 industrial establishments.

    The land pillar is based on factors such as land availability, land policy, transaction efficiency, and price. The six states ranked as the best performers according to this pillar are, respectively, Telangana, Madhya Pradesh, Tamil Nadu, Kerala, Andhra Pradesh, and Maharashtra. The states ranked as the worst performers on this count are Chhattisgarh, Odisha and Uttarakhand.

    The availability of an educated and appropriately skilled workforce and competitive wages are central to the labour pillar. Tamil Nadu, Andhra Pradesh, Karnataka, Uttar Pradesh, Kerala and Maharashtra are ranked as the best performers on this count, while Assam, Madhya Pradesh and Jharkhand are ranked at the bottom. Interestingly, there is an inverse relationship between the number of technically educated people in a state and perceptions about the availability of skilled labour, indicating that the kind of technical education being provided is inappropriate.

    The infrastructure pillar includes road density, road and rail connectivity, and availability of power relative to demand. It also includes availability of credit, which is unusual. In terms of this pillar, Delhi, Punjab, Maharashtra, Haryana, Kerala and Tamil Nadu are ranked at the top. Surprisingly, Gujarat which has generally been known for its good infrastructure, is no longer among the top 6 states. This does not mean that infrastructure in Gujarat has deteriorated but that some of the other states have moved ahead faster since the rankings are relative.

    The economic climate pillar combines a broad spectrum of parameters like government policy, market demand, resource endowments as well as levels of per capita income. There are also feedback loops between the growth rate and the investment potential of a state. On the other hand, high dynamism and concentration of industries can generate negative externalities of congestion, including high rental values and wages, overload on the infrastructure, and pollution. Incorporating all these factors, the economic climate pillar ranks Delhi, Telangana, Gujarat, Maharashtra, Karnataka, and Andhra Pradesh as the top 6 states, while Uttar Pradesh, Punjab and Bihar are ranked at the bottom.

    The governance and political stability pillar includes components like the maintenance of law and order, crime, corruption, efficiency of government processes and political equity as reflected in the proportion of legislators in assemblies with criminal records. Tamil Nadu, Haryana, Punjab, Gujarat, Madhya Pradesh and Karnataka are ranked as the top 6 by this pillar, while Telangana, Bihar and Himachal Pradesh are placed at the bottom.

    Pulling together the rankings by all the pillars, Delhi, Tamil Nadu, Gujarat, Haryana, Maharashtra, and Kerala are ranked as the top 6 in that order. Bihar, Jharkhand, and Assam are placed at the bottom along with Uttar Pradesh and Odisha.

    Questions can be raised about specific methods of compiling individual indicators or about the nature of the data. However, some differences notwithstanding, the classification of best- and worst-performing states is consistent with other ranking exercises relating to the business environment in states, such as the “Ease of Doing Business” rankings of the Department of Industrial Policy and Promotion. It is also broadly consistent with our own earlier exercise that assessed the performance of states through a different lens, namely their service delivery performance (Mundle, Choudhury, Sikdar, “The Governance Performance of States”, Economic & Political Weekly, 3 September 2016). This robustness across different exercises suggests that the N-SIPI rankings are reasonably objective.

    There is some churn in the rankings compared to earlier N-SIPI rounds, with some states moving up or down in the rankings. But the one change that stands out in this round is the dramatic rank improvement of West Bengal. It has moved up from the bottom of the league tables to 10th position in overall ranking. In the perception survey, it has moved up even further to third position, just behind Gujarat and Haryana.

    Another important takeaway is the variation in performance across pillars for individual states. Telangana, for instance, is among the best performers in terms of the land pillar and also the economic climate pillar but among the worst performers for the governance and political stability pillar. Similarly, Gujarat is the third-best performer in overall ranking after Delhi and Tamil Nadu, but it is no longer among the top performers for the infrastructure pillar, or for the land and labour pillars.

    On policy issues cutting across states, the survey results suggest that ground realities are quite different from prevailing presumptions about the key constraints. Over 86% of respondents said they had no problem acquiring land. Similarly, over 68% of respondents reported no problem in the availability of skilled labour. On the transition to GST, only 15% of respondents reported it was a severe problem against 56% who reported it was no problem. Over 83% reported that following GST their business prospects were either better (40%) or the same (43%).

    These positive perceptions of the surveyed entrepreneurs are consistent with the macroeconomic assessment presented earlier that though the investment rate is still below its past peak, the investment and growth cycles are beginning to revive. However, the N-SIPI report confirms an emerging pattern of divergence, with some states being left behind, which is a cause for serious concern.

    Sudipto Mundle is emeritus professor at the National Institute of Public Finance and Policy and was a member of the Fourteenth Finance Commission.

    The Indian economy is now growing at over 7% per year despite an uncertain external environment and mixed domestic conditions. Provisional estimates indicate that the economy grew ...

    16-Aug-2018

  • Ease of Living index: Bhubaneswar 18th most livable city in country

    Ease of Living index: Bhubaneswar 18th most livable city in country

    newindianexpress.com

    BHUBANESWAR:  Bhubaneswar has been ranked 18th most livable city in the country by the Union Ministry of Housing and Urban Affairs Ministry on its Ease of Living index released on Monday. But it stood at rank one in the category of public open spaces. The Capital bagged 11th position in Education, 25th in governance, 19th in identity and culture, 17th in safety and security, 18th in economy and employment, 10th in transportation and mobility, 33rd in solid waste management and 40th in power supply. 

    Housing, health, land use, power supply, waste-water management and reduced pollution are some of the fields where its rank is poor. It has been ranked 86th in Housing and Inclusiveness category and 59th in Health category.However, Bhubaneswar Municipal Corporation (BMC) officials said if the list of cities having a population of five lakh to one million is compared, Bhubaneswar, which has a population of 8.85 lakh, stands at number four among the best livable cities after Chandigarh, Truchirapalli and Amravati on the index. 

     

    As per the index, Rourkela stood at 87th position while no other city from the State made it to the list. Pune emerged topper while Navi Mumbai secured second position and Greater Mumbai third position. Thane is the fourth Maharashtra city that made it to the top 10. The national capital New Delhi has been ranked lowly at 65 even as Chennai stood at 14. The Ease of Living Index was released by Housing and Urban Affairs Minister Hardeep Singh Puri on Monday. The survey, based on governance, social institutions, economic and physical infrastructure parameters, was conducted in 111 cities across the country.

    BHUBANESWAR:  Bhubaneswar has been ranked 18th most livable city in the country by the Union Ministry of Housing and Urban Affairs Ministry on its Ease of Living index ...

    14-Aug-2018

  • Foundation laid for Nalco's Rs 131cr alloy wire rod unit

    Foundation laid for Nalco's Rs 131cr alloy wire rod unit

    thehindubusinessline.com

    Aluminium major Nalco today laid the foundation stone to set up a â‚¹ 131-crore alloy wire rod manufacturing facility to address the rising demand of the power sector, particularly in power transmission.

    The foundation stone for the new facility, being set up at Nalco’s smelter plant at Angul, was laid by Union Mines Secretary Anil Mukim through video conferencing at a function held here.

    “The upcoming alloy wire rod manufacturing facility, to be set up at a cost of about Rs 131 crore, will have an installed capacity of 40,000 TPY (Alloy Grade) /60,000 TPY (EC Grade),” said an official of the Navaratna firm.

    Congratulating Nalco for its performance in the first quarter of this fiscal, Mukim said the aluminium major has become the pride of India in non-ferrous sector and the cost focus of management has made Nalco recognised as the lowest cost producer of alumina in the world.

    He said the result orientation and value creation by Nalco management was also highly impressive.

    Mukim was referring to Nalco clocking a profit after tax of â‚¹ 687 crore in the first quarter against â‚¹ 257 crore in Q4 of previous year, registering a growth of 167 per cent .

    As compared to the corresponding quarter of last year, the growth in net profit has jumped by a whopping 433 per cent, from â‚¹ 129 crore to â‚¹ 687 crore. Similarly, the company has recorded an increase of 10.74 per cent and 8.85 per cent in alumina and aluminium production respectively in the Q1 period of 2018-19.

    Tapan Kumar Chand, CMD of Nalco said the per capita aluminium consumption in India is only 2.2 kg against a world average of 7 kg and 20 kg in China.

    “Our country is set to witness a quantum jump in aluminium consumption in next 2 to 3 years,” he said.

    Besides, various initiatives like Smart cities, bullet trains, power to every household, energy efficient automobile, aluminium wagons would further give boost to consumption of aluminium in the country from existing level of 3.2 million tonnes per annum to 8 million tonnes per annum, said Chand.

    Aluminium major Nalco today laid the foundation stone to set up a â‚¹ 131-crore alloy wire rod manufacturing facility to address the rising demand of ...

    09-Aug-2018

Mr. Gautam Adani, Chairman, Adani Group
Published on Mar 5, 2017

Mr. Gautam Adani, Chairman, Adani Group speaking at Make in Odisha conclave at Bhubaneswar

Mr Gautam Adani
Mr. Gautam Adani, Chairman, Adani Group

Published on Mar 5, 2017

Mr. Gautam Adani, Chairman, Adani Group speaking at Make in Odisha conclave at Bhubaneswar

Mr Sanjiv Puri
Mr. Sanjiv Puri, Managing Director, ITC Ltd.

Published on Mar 5, 2017

Mr. Sanjiv Puri, Managing Director, ITC Ltd. speaking at Make in Odisha conclave at Bhubaneswar

Dr Naushad Forbes
Dr. Naushad Forbes, Co-Chairman, Forbes Marshall

Published on Mar 5, 2017

Dr. Naushad Forbes, Co-Chairman, Forbes Marshall speaking at Make in Odisha conclave at Bhubaneswar

Mr Anil Agarwal
Mr. Anil Agarwal, Founder & Chaiman, Vedanta Resources

Published on Mar 5, 2017

Mr. Anil Agarwal, Founder & Chaiman, Vedanta Resources speaking at Make in Odisha conclave at Bhubaneswar

Mr Sajjan Jindal
Mr. Sajjan Jindal, Chairman, JSW Group

Published on Mar 5, 2017

Mr. Sajjan Jindal, Chairman, JSW Group speaking at Make in Odisha conclave at Bhubaneswar

Mr Saroj Kumar Poddar
Mr. Saroj Kumar Poddar, Chairman, Adventz Group

Published on Mar 5, 2017

Mr. Saroj Kumar Poddar speaking at Make in Odisha summit at Bhubaneswar

Mr Marc A Hoffman
Mr. Marc A Hoffman, CEO & MD, SMS India Pvt. Ltd.

Published on Mar 5, 2017

Mr. Gautam Adani, Chairman, Adani Group

Ms Arundhati Bhattacharya
Ms. Arundhati Bhattacharya, Former Chairperson, State Bank of India

Published on Mar 5, 2017

Mr. Gautam Adani, Chairman, Adani Group

Mr Arun Jaitley
Mr. Arun Jaitley, Hon'ble Union Minister for Finance & Corporate Affairs

Published on Mar 5, 2017

Mr. Gautam Adani, Chairman, Adani Group

Mr Ramesh Abhishek
Mr. Ramesh Abhishek, Secretary, DIPP

Published on Mar 4, 2017

Mr. Gautam Adani, Chairman, Adani Group

Mr Piyush Goyal
Mr. Piyush Goyal, Hon'ble Cabinet Ministers, Ministry of Coal, Ministry of Railways

Published on Mar 5, 2017

Mr. Gautam Adani, Chairman, Adani Group

Mr Dharmendra Pradhan
Mr. Dharmendra Pradhan, Hon'ble Cabinet Ministers for Ministry of Petroleum and Natural Gas

Published on Mar 5, 2017

Mr. Gautam Adani, Chairman, Adani Group

Mr T. Krishnakumar
Mr. T. Krishnakumar, President, India and Southwest Asia, Hindustan Coca Cola Bevarages Pvt. Ltd.

Published on Mar 5, 2017

Mr. Gautam Adani, Chairman, Adani Group

Mr T.V. Narendran
Mr. T.V. Narendran, CEO & Managing Director, Tata Steel, India

Published on Mar 5, 2017

Mr. Gautam Adani, Chairman, Adani Group

Mr Sashi Ruia
Mr. Sashi Ruia, Chairman, Essar Group

Published on Mar 5, 2017

Mr. Gautam Adani, Chairman, Adani Group

Mr Sanjaj Mehrotra
Mr. Sanjaj Mehrotra, Co-Founder, Former President & CEO, Sandisk

Published on Mar 5, 2017

Mr. Gautam Adani, Chairman, Adani Group

Mr Satish Pai
Mr. Satish Pai, MD, Hindalco

Published on Mar 5, 2017

Mr. Gautam Adani, Chairman, Adani Group

Mr Y C Deveswar
Mr. Y C Deveswar, Chairman, ITC Limited

Published on Mar 4, 2017

Mr. Gautam Adani, Chairman, Adani Group

Mr T V Narendran
Mr. T V Narendran, CEO & Managing Director, Tata Steel, India

Published on Mar 4, 2017

Mr. Gautam Adani, Chairman, Adani Group

Mr Sumit Majumder
Mr. Sumit Majumder, Former President, CII

Published on Mar 4, 2017

Mr. Gautam Adani, Chairman, Adani Group

Mr Sashi Ruia
Mr. Sashi Ruia, Chairman & Co-founder of Essar Group

Published on Mar 4, 2017

Mr. Gautam Adani, Chairman, Adani Group

Mr Santosh mohapatra
Mr. Santosh mohapatra, Former Director, Dhamara Port

Published on Mar 4, 2017

Mr. Gautam Adani, Chairman, Adani Group

Mr Ritesh Agarwal
Mr. Ritesh Agarwal, Founder & CEO, OYO Rooms

Published on Mar 4, 2017

Mr. Gautam Adani, Chairman, Adani Group

Mr Rajesh Adani
Mr. Rajesh Adani, MD, Adani Group

Published on Mar 4, 2017

Mr. Gautam Adani, Chairman, Adani Group

Mr Madhu Kannan
Mr. Madhu Kannan, Group Head for Business Development, Tata Sons

Published on Mar 4, 2017

Mr. Gautam Adani, Chairman, Adani Group

Mr D Bhattacharya
Mr. D Bhattacharya, MD, Hindalco Industries Limited

Published on Mar 4, 2017

Mr. Gautam Adani, Chairman, Adani Group

Mr Bibek Debroy
Mr. Bibek Debroy, Member, NITI Aayog

Published on Mar 4, 2017

Mr. Gautam Adani, Chairman, Adani Group

Mr Kumar Mangalam Birla
Mr. Kumar Mangalam Birla, Chairman, Aditya Birla Group

Published on Mar 4, 2017

Mr. Gautam Adani, Chairman, Adani Group

Mr G.B.S. Raju
Mr. G.B.S. Raju, Chairman & MD, GMR Energy

Published on Mar 4, 2017

Mr. Gautam Adani, Chairman, Adani Group

Mr C.N. Raghupati
Mr. C.N. Raghupati, Former Senior VP & Head, India Business, Infosys

Published on Mar 4, 2017

Mr. Gautam Adani, Chairman, Adani Group

Mr Amitabh Kant
Mr. Amitabh Kant, CEO of the NITI Aayog

Published on Mar 3, 2017

Mr. Gautam Adani, Chairman, Adani Group

Want to
invest
in Odisha ?

Fill the investment
Intention Form

  Get in Touch Want to invest in Odisha

Got
A Question ?

Feel Free to ask Us

  Contact Form Got A Question

Got
An Idea ?

Share With Us

  Idea Box Idea Box