Odisha
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Odisha, located on the eastern coast of India, is a state rich in cultural heritage, mineral resources, and natural beauty. Known for its temples, beaches, and diverse wildlife, Odisha’s economy is driven by sectors like mining, manufacturing, agriculture, and tourism. The state has a strategic location, with a long coastline and access to ports, making it an attractive investment hub.
Economic Highlights:
- GSDP Growth: Odisha’s GSDP for FY 2022-23 was Rs. 7.18 lakh crore (US$ 87.5 billion).
- Key Industries: Mining, steel, agriculture, handlooms, and tourism.
Fact File
Capital
Bhubaneswar
Geographical Area
155,707 sq. km
Population
approximately 47 million (2023 estimate)
Languages
Odia
Key Exports
Minerals, chemicals, handicrafts, and seafood
Literacy Rate
73.45%
Recent Developments
- Expansion of the Paradip Port and Dhamra Port to boost trade.
- Strong focus on smart city projects in Bhubaneswar.
- Efforts to develop renewable energy, including wind and solar power.
Opportunities for Investment
With abundant mineral resources, strategic ports, and a focus on infrastructure development, Odisha offers excellent opportunities in sectors such as steel, renewable energy, mining, and tourism.
Key Sectors &
Developments
01
Mineral Resources
- Odisha is a major producer of minerals such as coal, iron ore, and bauxite, making it an industrial powerhouse.
02
Manufacturing & Heavy Industry
- The state hosts several steel plants and has become a significant player in steel, aluminum, and power generation.
03
Agriculture
- Key crops include rice, maize, pulses, and vegetables.
- Government initiatives aim to promote agro-processing and irrigation.
04
Tourism
- Odisha’s temples, including the famous Jagannath Temple, along with scenic beaches like Puri and Chilika Lake, draw millions of tourists.
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