ODISHA

SUN TEMPLE AT KONARK, ODISHA

November 2023
For updated information, please visit www.ibef.org
Table of Contents

Executive Summary 3

Introduction 4

Economic Snapshot 9

Physical Infrastructure 15

Social Infrastructure 23

Industrial Infrastructure 26

Key Sectors 29

Key Procedures & Policies 37

Appendix 48

2
Executive summary

Strong economy
1 • Cumulative FDI inflows in the state amounted to US$ 162.71 million between October 2019-June 2023.

Strong mineral production

2 • Odisha has emerged as the key state with regard to the mineral and metal-based industries. In 2019-20^, Odisha
contributed to the largest share (43.0%) of mineral production (by value*) in India. Value* of minerals produced in
the state reached US$ 10.78 billion in 2021-22.

Strong growth in MSME units

3 • The state is home to a large number of MSME units. The state is amongst the top ten states accounting for the
highest number of MSME enterprises.

Strong power sector

4 • Odisha is the first state in India to have undertaken reform and restructuring initiatives in the power sector. As of
September 2023, Odisha accounted for a total installed power generation capacity of 7,962.51 megawatts (MW).

Note: *- Excluding fuel minerals, atomic minerals and minor minerals, ^- Until February month of that particular fiscal year, MSME- micro small medium enterprises, GSDP- Gross State
Domestic Product
Source: Economic Survey of Odisha, News Article

3
INTRODUCTION

4
Fact file

Bhubaneswar
Capital 47.09 million
270 persons per sq km total population*
Population density

75.5% 155.707 sq.km. 23.29 million 23.79 million

literacy rate geographical area female population* male population*

Administrative districts: 30 979

Sex ratio
(females per 1,000 males)
67.8% 83.2%
Male literacy Female literacy
Key Insights rate rate

▪ 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 and the Bay of Bengal in the east.

▪ Languages spoken in the state are Odia and its various dialects, Hindi and English.

▪ Bhubaneswar, Mayurbhanj, Baleshwar, Khordha and Sundargarh, Ganjam, Cuttack are some of the large cities in terms of population

▪ Odisha has 3 major seasons, summer (March to June), monsoon (July-September) and winter (October-February).
Note: *Estimated population in 2023
Source: Census 2011, Economic Survey of Odisha

5
Advantage

High economic growth Policy, fiscal incentives

▪ Odisha’s GSDP is expected to increase at a
CAGR of 11.97% between 2016-17 and
2022-23.
▪ In 2022-23, the tertiary sector contributed
34.80% to the state’s gross state value
added (GSVA) at current prices, followed by
the primary (31.45%) and secondary
(33.75%) sectors.
Rich labour pool
• The state has a literacy
rate of 72.87%, in line with
the national average.
• Furthermore, the state has
a large pool of semi-skilled
and unskilled labour.
. government announced to establish
and initiatives
• The state offers a wide range of fiscal and policy incentives
for businesses under the Industrial Policy Resolution,
2007.
• Additionally, the state has sector-specific policies for IT
and micro, small and medium enterprises.
• The state Government has constituted ‘Team Odisha’ to
help with investment promotion.
Facilitating infrastructure
• In State Budget 2021-22, Odisha
allocated 6.4% of its total expenditure on
health, (higher than the average
allocation for health by other states
(5.5%)), 7.5% on rural development
(higher than the average allocation for
rural development by other states
(6.1%)) and 7.8% on roads and bridges
(higher than the average allocation by
states (4.3%)).
• In Maritime India Summit 2021, the
Odisha as the hub of maritime trade.

Note: BE- Budget Estimate

Source: Economic Survey of Odisha, Central Statistics Office

6
Vision 2022
8. INDUSTRIAL
1. HEALTH DEVELOPMENT
▪ To improve rural healthcare system, ▪ To develop industrial parks with
to provide quality emergency quality infrastructure, to encourage
healthcare facilities, to patronise micro-enterprises as ancillaries and
health insurance, to imbibe health to pave the way for cost & technology
and hygiene content in education orientation by encouraging
system, etc. 1 8 competition.

7. INFRASTRUCTURE
2. GOVT. SERVICES AND ▪ To improve connectivity by increasing
ADMINISTRATION road and rail density and to improve
▪ To enhance the use of Information 2 7 passenger services.
Technology (IT) ▪ To provide universal access to
to ensure transparency and speed. power, irrigation and to improve
▪ To minimize interface between public urban infrastructure as well.
and Government for dealings.
6. GROWTH AND WELL-
3. TOURISM & CULTURE 3 6 BEING
▪ To frame concerted strategies to
▪ To protect historical monuments address various issues of
through proper renovation. unemployment and rural well being.
▪ To nurture and promote classical ▪ To bring about growth with equity.
music, dance and literature.
4 5
5. EDUCATION & SKILL
4. AGRICULTURE DEVELOPMENT
▪ To improve the productivity of the sector, to ▪ To foster technical and vocational education
encourage modern agricultural practices, to and skill development programmes.
bring insurance schemes for farmers against ▪ To establish educational townships.
natural disasters, etc.

Source: Confederation of Indian Industry

7
Odisha in figures

Odisha’s Contribution to Indian Economy (2022-23)* Physical Infrastructure in Odisha’

GSDP GSDP as a percentage of all states’ GSDP Installed power capacity (MW) (as of September
India: 100.00 | Odisha: 2.83 2023)
India: 425,406.47 | Odisha: 7,962.51
GSDP growth rate (%)
India: 16.1| Odisha: 20.9
Wireless subscribers (million) (as of March 2023)
Per capita GSDP (US$) India: 1,143.93 | Odisha: 33.16
India: 2,397.5| Odisha: 2,043.3
Internet subscribers (million) (as of March 2023)
Odisha’ Contribution to Indian Economy (2018-19) India: 881.25| Odisha: 22.58

Literacy rate (%) National highway length (kms) (as of March 2022)
India: 73.0 | Odisha : 72.87 India: 140,955 | Odisha: 5,897.08

Birth rate (per 1,000 population) (2020)

India: 19.5| Odisha : 17.7 India: 13+187| Odisha: 1+13

Industrial Infrastructure
Airport (No.)
India: 148 | Odisha : 2
Operational PPP projects (No.)( November
2019 ) Investments
India: 1,824 | Odisha : 44
Cumulative FDI equity inflows (from October
Notified SEZs (No.) (July 2022) 2019-June 2023) (US$ million)
India: 376| Odisha : 5 India: 199,269.76 | Odisha: 162.71

Note: GSDP, per capita GSDP figures are taken at current prices, MW- megawatt, FDI- Foreign Direct Investment, PPP: Public-Private Partnership, SEZ: Special Economic
Zone, SRS: Sample Registration System,, For source refer to Annexure *at current prices

8
ECONOMIC SNAPSHOT

9
Economic Snapshot – GSDP

GSDP at current prices GSDP per capita at current prices

CAGR 11.97% CAGR 10.78%

100.00 9 2,500 180000

90.00 8

94.21
160000

1,67,881.00
7.74
80.00 7 2,000 140000

2,043.33
1,44,723.00
78.40

77.68
77.31

77.33
70.00
6 120000

6.40

1,790.96
1,773.41

1,759.08

1,756.66
1,25,170.54

1,23,997.61
65.70

60.00 1,500

1,14,296.23
5
5.48

5.45
100000
60.01

1,513.38
50.00

1,01,532.54
4.98

1,387.95
4

90,855.27
80000
4.41

40.00 1,000
3.93

3 60000
30.00
20.00 2 40000
500
10.00 1 20000

0.00 0 0 0
2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23

US$ billion Rs. trillion US$ Rs.

▪ At current prices, the state’s gross state domestic product (GSDP) ▪ The state’s per capita GSDP was Rs. 1,67,881 (US$ 2,043) in 2022-
was estimated to be Rs. 7.74 trillion (US$ 105.05 billion) in 2022-23. 23.

▪ Odisha’s GSDP is expected to increase at a CAGR of 11.97% ▪ Per capita GSDP increased at a CAGR of 10.78% between 2016-17
between 2016-17 and 2022-23. and 2022-23.

BE- Budget Estimate, Source: Ministry of Statistics and Programme Implementation

10
Economic Snapshot – NSDP

NSDP at current prices NSDP per capita at current prices

CAGR 12.42% CAGR 11.22%

90.0 8 2,000 160000

80.0 1,800

1,49,902.00
84.10
7 140000

1,824.50
6.91
77.60
70.0 1,600
6 120000

1,580.12
1,563.56

1,24,669.00
1,556.67
69.17

68.43
68.16

1,400

1,513.40
5.87
60.0

1,10,434.25

1,09,729.70
5 100000

1,331.83
1,200
57.82

1,00,771.48
50.0

1,209.61
4.83

4.82
52.30

89,352.79
1,000 80000
4.39

40.0

79,181.13
3.88

800
3 60000
3.42

30.0
600
2 40000
20.0 400
10.0 1 200
20000

0.0 0 0 0
2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23

US$ billion Rs. trillion US$ Rs.

▪ Odisha’s total net state domestic product (NSDP) stood at ~Rs. 6.91 ▪ Odisha’s per capita NSDP stood at Rs. 1,49,902 (US$ 1,824.5) in
trillion (US$ 84.1 billion) in 2022-23. 2022-23.

▪ The state’s NSDP (in Rs.) increased at a CAGR of 12.42% between ▪ Per capita NSDP of Odisha increased at a CAGR of 11.22%
2016-17 and 2022-23. between 2016-17 and 2022-23.

Source: Ministry of Statistics and Programme Implementation

11
Economic snapshot – Percentage distribution of GSVA

▪ In 2022-23, the tertiary sector contributed 34.80% to the state’s Gross state value added by economic activity at current basic
prices
gross state value added (GSVA) at current prices, followed by the
primary (31.45%) and secondary (33.75%) sectors.
100%
38.54% Growth Rate 34.80%
▪ At a growth rate of 11.51%, the secondary sector was the fastest- 90%
growing among the three sectors between 2011-12 and 2022-23.
80%

▪ The primary sector increased at a growth rate of 11.35% between 70%

9.81%
2011-12 and 2022-23. 33.75%
60%
31.57%
▪ The tertiary sector increased at a growth rate of 9.81% between 50%
2011-12 and 2022-23.
40%
11.51%
30%
29.89% 31.45%
20%

10%
11.35%
0%
2011-12 2022-23

Primary Secondary Tertiary

Note:-* in Rs. terms

Source: Directorate of Economics & Statistics of Odisha, Central Statistics Office, Sector-wise % share of GSDP

12
Economic snapshot – FDI inflow & investments

FDI inflows in Odisha in April 2000-September 2020

▪ According to the DPIIT, cumulative FDI inflows in the state stood at Visakhapatnam port traffic (million tonnes)
(US$ million)
US$ 162.71 million between October 2019-June 2023.
700
▪ Odisha was aiming to facilitate growth in the manufacturing sector
11 616
with a yearly increase of 15% until 2020. 56
600
69
▪ In April 2021, South Korean steel giant POSCO announced plans to
500 65
invest US$ 12 billion to set up an integrated steel plant in Odisha.
12
10 5
▪ In February 2021, the Odisha government approved eight new 400 47
industrial projects, worth Rs. 1,242 crore (US$ 170.87 million), which 52

are expected to create 3,135 employment opportunities. 300 28

246
▪ In February 2021, the Odisha government approved three key
200
investment proposals, which totalled Rs. 5,358.24 crore (US$ 737.18
million). The three industrial projects, in sectors such as metal and
100
metal downstream, cement and refinery and petrochemical, are

FY18
FY12

FY13

FY14

FY15

FY16

FY17

FY19

FY20

FY01-FY21*
FY01-FY11

FY21*
expected to generate 3,667 jobs in the state.

Note: *- Until September 2020

Source: Department for Promotion of Industry and Internal Trade, Economic Survey of Odisha, News articles

13
Economic snapshot – Export trends

Merchandise Export from Odisha (US$ billion) Major Commodities Exported in FY23

18.00
Aluminum and Products of
16.00 3.97% Aluminium
4.91% Iron & Steel

15.39
14.00 5.18%
12.00 7.66% Iron Ore
40.72%

11.22
10.00

10.22
Petroleum Products
8.00 9.21%
7.59

6.00 Processed Minerals

6.66
6.30
6.07

4.00
Marine Products

3.64
2.91

2.00 28.35%
0.00 Others
FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24*

▪ Total merchandise exports from Odisha stood at US$ 11.22 billion in FY23.

▪ Iron ore, iron & steel and aluminium & aluminium products accounted for a majority share in the overall exports from the state.

▪ In 2022-23, total exports of iron ore from Odisha stood at US$ 1,033.34 million (~9.21% contribution share in exports).

Note: *Until July 2023

Source: DGCIS Analytics

14
PHYSICAL INFRASTRUCTURE

15
Physical infrastructure – Roads

▪ In the State Budget 2022-23, Odisha allocated 7.8% of its total

expenditure on roads and bridges, which is significantly higher than
the average allocation by states (4.7%).

▪ Odisha is well connected to its neighbouring states & other parts of

India through 41 national highways. The state had a road density of
164 km per 100 square km of area.

▪ Under the State Budget 2022-23, the following allocations were

made: Rs. 1,100 crore (US$ 143 million) under Pradhan Mantri
Gram Sadak Yojana (PMGSY); Rs. 675 crore (US$ 87.8 million)
under Mukhya Mantri Sadak Yojana (MMSY); and Rs. 340 crore
(US$ 44.2 million) for Transferred Road Improvement Programme
(TRIP).

▪ In FY22, Odisha comprised ~338,450 km of roads, 5,753 km of

national highways and 4,173 km of state highways.

▪ In the Union Budget 2021-22, Odisha allocated 7.8% of its total

expenditure on roads and bridges. This was higher than the average
allocation by other states (4.3%).

▪ The Odisha government allocated funds worth Rs. 2,296 crore (US$
315.88 million) to the road development programme and Rs. 2,000
crore (US$ 275.16 million) for the construction of roads under the
PMGSY (Pradhan Mantri Gram Sadak Yojana) scheme.

Source: as per Economic Survey of Odisha. National Highways Authority of India, Odisha Budget - 2021-22, Odisha Economic Survey 2022-23

16
Physical infrastructure – Railways

▪ Odisha serves as a link between eastern & western India through the
railway network of the South Eastern Railways & the East Coast
Railways.

▪ Odisha falls in the East Coast Railways region. Its major divisions
are Khurda Road, Sambalpur & Waltair, with district headquarters in
Bhubaneswar.

▪ As of 2021-22, the State had 2,859 km of railway lines with 264

railway stations, 60 passenger halts and 2,789 km of broad gauge
electrified tracks.

▪ As per the Union Budget 2021-22, Rs. 6,995.58 crore (US$ 962.44
million) was allocated for the development of railway infrastructure in
the state.

▪ During his visit to Odisha in August 2021, Mr. Ashwini Vaishnaw, the
Minister of Railways, Communications and Electronics & Information
Technology, announced that India's flagship train, the Vande Bharat
Express, will soon be connected to Shree Jagannath Dham Puri.
Source: Maps of India

▪ In November 2020, the Indian Railways' East Coast Railway (ECoR)

zone signed an MoU with the Telecommunications Consultants India
Limited (TCIL) for the construction of six Road Over Bridges (ROBs)
in Odisha for Rs. 436.87 crore (US$ 59.02 million).

Source: Odisha Budget 2021-22, News Article, Economic Survey 2022-23

17
Physical infrastructure – Airports

▪ Biju Patnaik Airport, is located in the state capital, Bhubaneswar. In November 2013, the airport was declared an international airport by the
Ministry of Civil Aviation.
▪ Direct links are available from Bhubaneswar to destinations such as New Delhi, Kolkata, Chennai, Nagpur, Mumbai and Hyderabad. In addition,
there are 17 airstrips and 16 helipads at several places in the state.

▪ In 2019, Jharsuguda airport has been made fully operational with around five flights operating and Rourkela airport with 5,900 ft runway has
been made ready for operation of the 19 sitter flights.

▪ Under Ude Desh ka Aam Naagrik (UDAN) scheme, four airstrips are proposed by the Government. These are at Rourkela, Jharsuguda, Utkela
and Jeypore.

Airport indicators

Bhubaneswar Airport Statistics

Aircraft movements Passengers Freight

(in no) (in no.) (in MT)

Airport

2020- 2021- 2022- 2023- 2020- 2023- 2023-

2021-22 2022-23 2020-21 2021-22 2022-23
21 22 23 24* 21 24* 24*

Bhubanesw 14,26 1,571,9 21,35,8 3,624,9 2,672,3

19,417 30,745 20,759 7,398 9,422 9,822 5,994
ar 5 33 93 05 32

Note: * Until October 2023

Source: AAI

18
Physical infrastructure – Ports

▪ Paradip port is one of the major ports in Odisha. It is connected with

the broad-gauge rail link of the East-Coast Railway & is also served Commodity-wise traffic handled at Paradip port (‘000 tonnes)
by National Highway-5A.

▪ Total traffic handled by Paradip Port was 135.36 million metric

tonnes in FY23 as against 116.13 MMT in FY22, recording the 2018- 2019- 2020- 2021- 2023-
highest growth of 16.5%. Commodity
19 20 21 22* 24**
▪ The Odisha state cabinet approved a new port policy in November
2022. The new policy aims to facilitate private sector investments in Petroleum, oil &
38,117 37,330 33,117 14,275 9,450
maritime sector and the development of ports and port-related lubricants
industries. Others 1,517 1,637 1,600 759 535
▪ In a bid to conquer the top spot among major ports of the country,
Iron 12,206 22,954 28,567 10,500 5,152
Paradip Port is aiming at 150 MMT of cargo handling in FY24 and
implementing a strategy to raise its capacity to 500 mt by 2047.
Fin 199 484 480 113 74
Fertili
▪ During April 2018, the Union Minister drafted a blueprint for port-led zers
development in Paradip under Sagarmala project. This includes 40 Raw 4,380 4,075 4,922 1,719 1,127
projects which is estimated to cost around Rs. 91,000 crore (US$
Thermal
14.12 billion). 32,478 27,004 24,240 11,371 12,800
& Steam
Coal
▪ In December 2020, the Ministry of Port, Shipping, and Waterways Coking &
12,714 12,157 13,005 6,331 3,881
agreed to the Odisha government’s proposal for the riverine port to Others
be developed by the Paradip Port Trust at an investment of Rs. Tonnage 194 222 279 93 51
4,000 crore (US$ 547.46 billion). The project is estimated to Conta
generate employment for 6,000 people. iners TEUs
13 12 16 5 3
▪ In September 2021, Paradip Port installed a mobile x-ray container Other Misc.
scanning system (MXCS) near the PICT Terminal, as part of the 7,343 6,826 8,339 3,723 2,447
Cargo
ease of doing business (EoDB) programme, at Rs. 30 crore (US$
4.07 million) to reduce physical examination and dwell time of Total 109,275 112,689 114,549 48,884 35,517
containers at the port.

Note: * until August 2021 (FY22), **until June 2023 (FY24)

Source: India Ports Association, News Article

19
Physical infrastructure – Power
▪ Odisha is the first state in the country to bring in power sector reforms.
Installed power capacity (MW)
▪ As of September 2023, Odisha had a total installed power generation
capacity of 7,962.51 MW, of which 1,832.21 MW was under the central
utilities, 3,840.52 MW (under state utilities) and 2,289.72 MW (under 14,000
private sector). Of the total installed power generation capacity,
5,159.29 MW was contributed by thermal, 2,163.22 MW by hydro, and 12,000

12,311.64
640.08 MW by renewable energy.
▪ Under the State Budget 2023-24, Rs. 3,003 crore (US$ 363.5 million) 10,000
was allocated for the energy sector for quality and reliable power
supply. 8,000

8,594.47
8,591.69
8,538.27

7,962.51
7,781.09
7,653.58
▪ On July 10, 2023, the Odisha State Cabinet approved the Energy

7,338.42
Department’s proposal of Rs. 1,284.49 (US$ 155.4 million) crore for 6,000
strengthening the power distribution system across Odisha under the
Chief Minister’s Power Development Programme (CMPDP). 4,000

▪ The Odisha Cabinet approved a proposal for constructing 99 additional

2,000
33/11 KV sub-stations and 64 independent lines in the state with an
outlay of Rs. 1,796.73 crore (US$ 217.5 million).
0
▪ An outlay of Rs. 533 crore (US$ 76.26 million) was allocated to

FY17

FY18

FY19

FY20

FY21

FY22

FY23

FY24*
establish new 33 x 11 sub-stations under the Odisha Distribution
System Strengthening Programme (ODSSP).
▪ By 2022, Odisha was planning to reach the generation of 2,200 MW of
solar power, 200 MW of wind power,180 MW of bio-mass power, 150 ▪ In September 2021, the National Thermal Power Corporation
MW of small hydropower and 20 MW of Waste-to-Energy (WTE) power. Limited (NTPC) started commercial operation of the second unit
(800 MW) of the Darlipali Super Thermal Power Station in
▪ In June 2021, Tata Power Company proposed the purchase of a 51%
Odisha's Sundargarh district.
stake in each of the three power utilities in Odisha was cleared by the
Competition Commission of India. The company is to buy the stakes in
Western Electricity Supply Company of Odisha, Southern Electricity
Supply Company of Odisha Ltd. and Central Electricity Supply
Company of Odisha Ltd.

Note: MW- Megawatt, *until September 2023

Source: Central Electricity Authority, News Article, State Budget 2023-24

20
Physical infrastructure – Telecom

Telecom Infrastructure (as of March 2023)

Wireless subscribers (million) 33.16

Wireline subscribers 0.40 Performance status of Bharat Net Project

Service-ready GPs (September 2023) 7,099

Internet subscribers (million) 22.58

Tele-density (%) 75.74

▪ As of March 2023, Odisha had 33.16 million wireless and 0.40

Major telecom operators in Odisha
wireline subscribers.
▪ Bharat Sanchar Nigam Limited (BSNL)
▪ The number of internet subscribers in the state stood at 22.58
▪ Bharti Airtel
million, as of March 2023.
▪ Vodafone Idea
▪ Odisha had a total tele-density of 75.74%, as of March 2023.
▪ Reliance Jio

Source: Telecom Regulatory Authority of India, Department of Telecommunications

21
Physical infrastructure – Urban

▪ Under the State Budget 2023-24, Rs. 7,914 crore (US$ 957.8 million)
was allotted to the Housing and Urban Development Department to Classification of AMRUT Cities in Odisha on the basis of
transform Urban Odisha.
population
▪ With an aim at minimising the rural-urban divide, Chief Minister Mr.
Naveen Patnaik approved the ‘Odisha Rural-Urban Transition Policy’
on July 10, 2023, to provide essential urban infrastructure, amenities Number of AMRUT cities with population
9
and services to all citizens residing in villages adjoining cities. less than 1 million
▪ Odisha Chief Minister Mr. Naveen Patnaik approved a budget of Rs. Number of AMRUT cities with population
423.87 crore (US$ 51.3 million) for the implementation of development 0
in the range of 1 - 10 million
projects in 37 Urban Local Bodies (ULBs) across ten districts within the
central Revenue Divisional Commission Division. The funding will be Number of AMRUT cities with population
allocated under the state-funded MUKTA scheme for FY24. 0
greater than 10 million
▪ Bhubaneswar, Odisha’s capital, secured a spot in the list of world’s top
20 smart cities in 2017. The ranking has placed the city at the 13th Total number of AMRUT cities 9
position in terms of safety and 20th in three other parameters viz.
mobility, healthcare and productivity.
▪ Government of India approved 5,133 affordable houses in 26 cities of
Odisha with an investment of Rs. 156 crore (US$ 24.10 million) of
which the central Government would contribute 77 crore (US$ 11.89
million).
▪ The government was planning to cover an additional 7 million rural
population and 100% urban population under piped water supply by
FY22.

Source: JNNURM, Ministry of Urban Development, Government of India, News articles , UIDSSMT, State Budget 2023-24

22
SOCIAL INFRASTRUCTURE

23
Social infrastructure – Education

Educational infrastructure (2022-23)

Odisha primary education statistics (2021-22)
Undergraduate
Primary: 29,326
Institute of National Importance 5 Number of
Upper primary: 21,049
schools
State Public University 21 Secondary: 10,036

State Private University 8 Primary: 0

School dropout
Upper primary: 0
Central University 1 rate (%)
Secondary: 27.2
State Open University 1
Primary: 29:1
Deemed Private University 3 Pupil-teacher
Upper primary: 22:1
ratio
Secondary: 22:1

▪ The major universities in the state are Utkal University and Biju Patnaik University of Technology; popular colleges are Orissa Engineering
College and Sriram Chandra Bhanj Medical College.

▪ The state is also home to premier institutions such as the National Institute of Technology (NIT) Rourkela, Xavier Institute of Management and
National Institute of Science Education and Research.

▪ Under the State Budget 2023-24, Rs. 22,528 crore (US$ 2.72 billion) was allotted to the School and Mass Education Department.

▪ In June 2021, the Odisha government launched the 'state-model' of IBM (International Business Machines Corporation) and Science,
Technology, Engineering and Mathematics (STEM) education for girl students in 258 schools across the state. The state model of IBM-STEM
seeks to ensure the capacity building of girls in digital literacy, career choice and life skills.

▪ In March 2021, the World Skill Centre (WSC) was inaugurated in Bhubaneswar, Odisha. The WSC was established as a premier institute to
teach advanced skills and create globally employable youth in the state. The centre will be developed at an investment of Rs. 1,342.2 crore
(US$ 184.66 million) (on a cost sharing basis with the Asian Development Bank under the Odisha Skill Development Project).

Source: Economic Survey of Odisha, University Grants Commission, MCA: Master of Computer Applications, MBA: Master of Business Administration, SEBC: Socially and Educationally
Backward Class, News Article, State Budget 2023-24

24
Social infrastructure – Health

Health indicators (2018) Health infrastructure (as of 2021-22)

Population served per hospital bed Primary health centres 1,379

1,386
(as of 2014-15)
Sub centres 6,688
1
Birth rate 18.2
1
Community health centres 384
Death rate 7.3
2 District hospitals 32
Infant mortality rate 40
Sub district hospitals 33
Life expectancy at birth (year)
Dispensaries (Ayurvedic
Male (2011-15) 64.3 (620 + 561)
+Homeopathic)
Female (2011-15) 67.3 Total 9,696

▪ In the Budget Estimate for FY24, the Indian government allocated funds worth Rs. 15,756.53 crore (US$ 1.9 billion) to the Health and Family
Welfare Department in Odisha.

▪ For Odisha, the government announced funds worth Rs. 1,353 crore (US$ 186.14 million) for the Biju Swasthya Kalyan Yojana, Rs. 1,755 crore
(US$ 241.45 million) for the National Health Mission and Rs. 1,572 crore (US$ 216.27 million) for healthcare infrastructure and services under
the Mukhya Mantri Swasthya Seva Mission.

Note: 1Per thousand persons, 2Per thousand live births, PPP - Public Private Partnership
Source: Central Bureau of Health Intelligence, Government of India, Ministry of Health and Family welfare, Economic Survey of Odisha, SRS Bulletin, State Budget 2023-24

25
INDUSTRIAL INFRASTRUCTURE

26
Industrial infrastructure … (1/2)
▪ As a part of the state government-enacted Orissa Industries (Facilitation) Act, 2004, a
single-window clearance system was implemented in the state. This was done with Key Industrial zones

the aim of facilitating the growth of industries and creating an attractive environment ▪ Talcher-Angul ▪ Gopalpur-Chatrapur
for both domestic and international investments. ▪ Kalinganagar-Duburi ▪ Paradip-Jagatsinghpur
▪ Odisha government on July 10, 2023, approved 11 industrial projects worth Rs. 3,266 ▪ Bhubaneswar-Khurda ▪ Jharsuguda-
crore (US$ 395.3 million) which will generate employment for 9,146 people. The Brajarajnagar
▪ Rayagada-Sunabeda
projects are spread across diverse sectors such as metal downstream and ancillary,
chemicals, food processing, etc. Investment intentions in terms of IEMs filed,
▪ In April 2023, Odisha Chief Minister Mr. Naveen Patnaik on Saturday approved five LOIs / DILs issued

industrial projects worth Rs. 35,760 crore (US$ 4.32 billion) which would generate
Proposed Investments (US$
employment for 38,100 people. The proposed projects will be set up across Bhadrak, Year Number
billion)
Dhenkanal, Jagatsinghpur, and Keonjhar districts. 2013 40 16.37
▪ In December 2022, the Odisha Cabinet approved the Industrial Policy Resolution 2014 27 4.68
(IPR) 2022 to attract investments to the state, which will be applicable for five years. 2015 23 4.02
▪ Investment intentions filed in the state stood at Rs. 37,721 crore (US$ 5.08 billion) in 2016 36 3.49
2020.
2017 31 1.08
▪ In March 2021, ArcelorMittal-Nippon Steel India and the Odisha government signed a
2018 45 2.33
MoU to establish a 12 MT integrated steel plant in the state, with an investment worth
2019 76 4.27
Rs. 50,000 crore (US$ 6.88 billion).
2020 46 5.08
▪ In December 2020, 28 projects worth ~Rs. 588 crore (US$ 80.47 billion), with an
2021 60 16.69
employment potential of 3,245, were fast-tracked—showcasing the swift land
2022 55 8.45
allotment process by the Industrial Development Corporation Odisha (IDCO) as a
2023* 14 1.56
step towards achieving ‘ease of doing business’ in the state.
Note: IEM: Industrial Entrepreneur Memoranda, LOI: Letters of Intent; DIL: Direct Industrial Licenses, *Until March 2023
Source: Economic Survey of Odisha, DCO - Odisha Industrial Infrastructure Development Corporation, MoU - Memorandum of Understanding

27
Industrial infrastructure…(2/2): SEZs and industrial estates

▪ The state has two operational IT SEZs (one in Bhubaneswar and the second in Jatni Tehsil), as of July 2022. Odisha also has one operational
SEZ to manufacture and export aluminium, one operational SEZ for mineral-based industries and one operational SEZ for multi-products.

▪ As of July 2022, the state had five operational, five notified and seven formally approved SEZs.

▪ IDCO is the main developer for 40% of the formally approved SEZs. The state has 86 industrial estates.

Formally approved SEZs (as of October 2020) Operational SEZs in Odisha (as of July 2021)

Industry Location SEZs (No) Industry Location SEZs (No)

IT/IT(Knowledge Orissa Industrial
Khurda 3 Infrastructure
Park)ITeS Bhubaneswar IT/ITES
Development Corporation
Multiproduct Ganjam 1 (IDCO)

Vedanta Aluminium Brundamal and Manufacture and

Metal based SEZ Jajpur 1 Limited Kurebaga villages export of aluminium

Mineral based industries Ganjam 1 Saraf Agencies Private Chhatrapur, Mineral-based

Limited Gunjam district industries
Manufacture & export
Jharsuguda 1 Village
of aluminium Orissa Industrial
Gaudakashipur
Infrastructure IT (Knowledge
and Arisal, Tehsil
Development Corporation Park)
Jatni, District
(IDCO)
Khurda, Odisha
Tata Steel Special
Economic Zone Limited Gopalpur, District-
Multi Product
(formerly Gopalpur Special Ganjam, Odisha
Economic Zone Limited)

Source: Ministry of Commerce & Industry, Government of India, IDCO - Odisha Industrial Infrastructure Development Corporation

28
KEY SECTORS

29
Key sector – Metals & mining…(1/2)

▪ Odisha is one of India’s richest states in terms of mineral reserves. The Value of mineral production in Odisha (US$ million)

mineral belt is spread over an area of more than 6000 sq km. Moreover, 12,000 10,782
11,000
the state accounts for more than 35% of total iron ore resources of the 10,000
country. The key minerals found in the state are iron, coal, bauxite, 9,000
8,000
manganese, nickel, chromite, limestone, dolomite, graphite, decorative 7,000
6,000
stones, beach sand, china clay, tin ore, etc. 5,000 4,033
4,000 3,359
3,000
▪ In February 2021, under production-linked incentive (PLI) scheme, the 2,000
1,000
government approved an outlay of funds worth Rs. 6,322 crore over five 0
years to boost domestic production of specialty steel. 2019-20 2020-21 2021-22
(April 2019 - Feb (April 2020 - Feb
2020) 2021)
▪ In February 2021, two new iron ore mines were inaugurated in Odisha,
with a production capacity of 15 lakh tonnes per month and ~275 million Mineral production in Odisha (as of 2021-22)
tonnes of consolidated iron ore reserves. These mines are expected to
Minerals Production
generate ~Rs. 5,000 crore (US$ 679.28 million) in annual revenue for the
state and create employment opportunities for locals. Coal (lakh tonnes) 1,849.71
Bauxite (tonnes) 16,449,396
▪ In September 2021, Jindal Steel and Power (JSPL) won the ‘Kasia’ iron Chromite (tonnes) 3,785,625
and dolomite mine in continuing mine auctions in the state.
Iron Ore (total) (‘000’tonnes) 136,696
Manganese Ore (tonnes) 512,591
Sulphur (tonnes) 207,831
Note: MTPA- million tonne per annum
Source: Ministry of Mines, Government of India, Department of Steel & Mines, Government of Odisha, News Article

30
Key sector – Metals & mining … (2/2)

Key players

▪ OMC was established in 1956 to explore and harness the mineral wealth of Odisha. In 1961, it became a state-
owned corporation of the Government of Odisha. OMC has reserves of around 654.9 million tonnes of iron ore, 6.3
million tonnes of manganese-ore, 25.3 million tonnes of chromite, 19.6 million tonnes of limestone and other
Orissa Mining minerals. OMC has 35 mining leases (chromite - 11, iron - 11, iron & manganese - 5, manganese - 3, limestone - 1
Corporation Ltd and gemstone - 4).

▪ Mahanadi Coalfields Limited is one of the major coal producing company of India. It is an eight subsidiaries of
Coal India Limited and was formed in April 1992. It has two coalfields at Talcher & IB Valley in Odisha.
Mahanadi Coalfields
Ltd (MCL)

▪ Rungta Mines Limited is the flagship company of the S R Rungta Group. The company specialises in mining iron-
ore and manganese ore. it is also involved in mining of limestone, dolomite, fireclay and bauxite.The company has
Rungta Mines Ltd one million tonne cement plant in Odisha, which will involve an investment of US$ 126.5 million.

31
Key sector – Agriculture…(1/2)

▪ Odisha's main agriculture products are rice, pulses, oilseeds, vegetables, Area and production of horticulture crops (2019-20)
groundnut, cotton, jute, coconut, spices, sugarcane, potato and fruits. There is a
vast scope for agro-based industries for rice, lentils, edible oil-milling, dehydration Area Production
Year
of vegetables, maize-milling, cattle and poultry rearing, cotton oil, potato chips, (‘000 Ha) (‘000 MT)
coconut oil, sugar mills, mushroom cultivation, non-edible oils and others.
Fruits* 316.44 2,527
▪ In 2021-22*, the total production of horticulture crops in the state was expected to
be 13,062.98 thousand tonnes and area under production was 1,463.76 thousand Vegetables* 587.58 9,830
hectares. In 2021-22*, the total production of vegetables and fruits was estimated
at 9,523.71 thousand tonnes and 2,782.05 thousand tonnes, respectively. Spices* 147.67 1,127

▪ In State Budget 2023, the Odisha government allocated funds worth Rs. 20,344 Plantation 257.69 316.20
crore (US$ 2.64 billion) to agriculture and allied activities. The state allocated Aromatics &
1.92 0.61
7.4% of its total expenditure towards agriculture and allied activities, (higher than Medicinal
the average allocation for agriculture by other states, i.e., 6.3%). Honey - 1.20

▪ The government allocated Rs. 1,800 crore (US$ 247.64 million) to the KALIA Requirement, availability and sales of fertilisers in
(Krushak Assistance for Livelihood and Income Augmentation) scheme and Rs. Odisha (MT) (in July 2021)
1,415 crore (US$ 194.67 million) to the fisheries and animal resources
Fertiliser Requirement Availability Sales
development sector.
DAP 65,000 54,867.18 52,302.8
▪ In May 2021, CM Mr. Naveen Patnaik announced that Rs. 920 crore (126.14
MOP 30,000 28,264.02 24,391.6
million) has been deposited in the bank accounts of 42 lakh farmers in the state
under the Kalia Yojana for Kharif 2021. NPK 70,000 74,388.36 61,627.1

Urea 90,000 52,899.42 50,292.32

Note: *data for 2021-22
Source: Department of Agriculture, Cooperation & Farmers Welfare, Government of India

32
Key sector – Agriculture…(2/2)

Key players

▪ The company was established in the year 1961 and has a average capacity to crush 19,000 tonnes of sugarcane
a day. The company has four crushing units, three units are located in Tamil Nadu while one in Dhenkanal district.
The Odisha plant has sugarcane processing capacity of 2500 tonnes per day.
Sakthi Sugars Ltd

▪ The company was established in the year 1963. Its plant is located in Aska town of the Ganjam district in Odisha,
170 km from Bhubaneswar. The cooperative employs 900 people and provides livelihood to 20,000 sugarcane
Aska Cooperative Sugar growers in the area. Presently, the plant has a crushing capacity of 2,500 tonnes per day.
Industries Ltd

▪ IFFCO produces and distributes fertilizers to farmers and member co-operatives in India. Its products include urea
and fertilisers, indigenous seeds and chemicals. The Odisha plant is situated at the Bhubaneswar - Paradeep
National Highway ,which can produce 2 Million TPA DAP/NPK, 7000 TPD of Sulphuric Acid and 2650 TPD of
Indian Farmers Fertiliser Phosphoric Acid.
Cooperative (IFFCO)

33
Key Sectors – IT/ITeS and electronics … (1/2)

▪ The IT sector is dominated by over 300 SMEs. The sector employs around 12,000 software professionals. In order to attract ICT investments, the
centre is considering a mega project in Bhubaneswar, Odisha.

▪ The state has an ample talent pool to cater to the needs of this industry. It produces 40,000 technical & management professionals & 50,000
general graduates every year.

Policy initiatives and statutory framework

Information and Communication
Technology Policy (ICT), 2014
Special Incentive Package Scheme
for ESDM
The Industrial Policy Resolution
2015
To develop IT/ITES/ESDM industries in the state of Odisha and to promote start-ups , Products and R&D
/Innovation Firms, Incubation Centres in Educational Institutions & Private sector, Electronic System
Design and Manufacturing (ESDM), Entertainment IT (Visual Effects, Animation, Gaming) , Mega IT
Projects, Level II Cities , T Parks/IT SEZs/IT Clusters .The Government is incentivising by providing Entry
Tax Exemption (during construction) for a period of 3 years and IT/ITES/ESDM industries to be provided
with separate SEZs.
The Government of Odisha has given importance to the ESDM by providing it with subsidies and special
incentive packages such as training subsidy ,100% VAT reimbursement for a period of 5 years
Exemption on entry tax on machinery and equipment.
This policy considers IT and ESDM on top priority by offering incentives to attract investments and
promote economic growth in the state of Odisha.

Source: Invest Odisha

34
Key Sector- IT/ITeS and electronics … (2/2)

Key players

▪ Infosys was set up in 1981. It has presence in the areas of IT consulting, modular global sourcing, process re-engineering and
BPO services. The company has international operations in countries such as Australia, China, Japan, UK, Germany, the US
and marketing and technological alliances with Informatica, IBM, HP, Microsoft, Oracle, etc.. In Odisha, it has a world-class
development centre at Bhubaneswar which anchors Infosys’ relationships with clients from Canada, Europe and North
Infosys Ltd America.

▪ TCS is among the leading Indian IT services, business solutions and outsourcing companies. TCS employs over 448,464
people worldwide with a presence in 46 countries. It has operations in Odisha (in Bhubaneswar) since 2001.
Tata Consultancy
Services (TCS)

▪ Established in 1945, it has presence in the areas of IT services, product engineering, technology infrastructure services, BPO
and other consulting solutions. The company provides services such as application development, deployment and
maintenance, business intelligence and Customer Relationship Management (CRM). In February 2008, the company set up a
development centre in Bhubaneswar.
Wipro Ltd

▪ Established in 2001, Orisys Infotech is a software development company, which offers services from system applications to
business application development. It is involved in a variety of services, such as software development, web solutions, e-
commerce, multimedia and search engine optimization. The company is based in Bhubaneswar.
Orisys Infotech Pvt Ltd

35
Key sector- Tourism

Total tourist arrivals in Odisha (million))

400.0
350.0

374.44
300.0
250.0
200.0
150.0

11.80

12.90

14.11

15.30

15.40

4.63
100.0

3.89
50.0
0.0 2015

2016

2017

2018

2019

2020

2021

2022
▪ Bhubaneswar, the capital city of the state, is known as the temple city of India & is home to about 500 temples. Puri, Bhubaneswar & Konark are
the main centres for religious tourism.

▪ In 2021-22, 3,898,770 domestic tourists and 3,153 foreign tourists visited Odisha.

▪ Odisha has vast potential for the development of tourism. It is one of the critical sectors of the state’s economy, in terms of foreign exchange
earnings as well as employment generation opportunities.

▪ According to a study, there will be a three-fold increase in the number of hotel rooms in the state by 2025 and will require a capital expenditure of
Rs. 14.5 billion (US$ 207.46 million) through public-private participation.

Source: Economic Survey of Odisha, Tourism Report, Government of Odisha, Ministry of Tourism, Government of India

36
KEY PROCEDURES AND POLICIES

37
Single – Window clearance mechanism… (1/2)

Investments handled Under the chairmanship of Nodal agency

Greater than High-level clearance

Chief Minister of Odisha
US$ 219.4 million authority
Industrial Promotion
and Investment
Corporation of
Odisha (IPICOL)
(Team Odisha):
State-level
Between
State-level single-window
US$ 10.9 and Chief Secretary
clearance authority
US$ 219.4 million

Less than District-level single-window District Industries

District Collector Centre
US$ 10.9 million clearance authority

38
Single – Window clearance mechanism … (2/2)

▪ The Government enacted the Orissa Industries Facilitation Act, 2004, for implementing the single-window clearance system for faster and one-
point clearance of industrial projects, single-point dissemination of industrial project related information and streamlining inspection of industries
by different agencies and authorities.

▪ The District-level Single-Window Clearance Authority works under the chairmanship of the District Collector for projects involving investment less
than US$ 10.9 million.

▪ The State-level Single-Window Clearance Authority is chaired by the Chief Secretary of the state for projects involving investment of US$ 10.9
million or more, but less than US$ 219.4 million.

▪ A High-level Clearance Authority chaired by the Chief Minister of Odisha examines and considers proposals for industrial and other projects
involving investment of US$ 219.4 million or above.

39
Key investment promotion offices … (1/3)

Agency Description

▪ IPICOL is a key promotional institution. It was incorporated in 1973 with the main objective of
Industrial Promotion and Investment
accelerating the pace of industrial development by promoting large and medium scale industries.
Corporation of Odisha Limited
▪ In 2014-15, the IPICOL received 26 combined application forms for setting up projects with an
(IPICOL)
investment of US$ 11.97 billion.

Industrial Development Corporation of Orissa ▪ IDCOL was established in 1962 to promote, establish and run industries in the state.
Limited
▪ The corporation, since its inception, has set up 15 industrial units across sectors including
(IDCOL) cement, ferrochrome, pig iron and spun pipe.

▪ IDCO was established with the objective of providing infrastructure assistance for rapid
establishment and orderly growth of industry in Odisha.
Orissa Industrial Infrastructure Development
Corporation ▪ The corporation is engaged in multiple activities that foster rapid industrialisation in the state by
developing industrial infrastructure.
(IDCO)
▪ In 2012-13, IDCO allotted 352.530 acres of land and sheds to 14 new industrial estates/areas
across the state.

Agricultural Promotion and Investment
Corporation of Odisha Limited
(APICOL)
▪ APICOL’s aim is to strengthen the rural economy by providing financial support for promotion
and development of agro-based and food-processing industries.
▪ APICOL provides subsidy to the agro-processing and food-processing units in the state.
▪ In 2009-10, the corporation promoted 145 commercial agro-enterprises with an aggregate
investment of about US$ 24,38,619.77 .

40
Key investment promotion offices … (2/3)

Agency Description

▪ OSFC is a premier state-level financial institution that was established in 1956 to cater to the
needs of industrial development in the state.
Orissa State Financial Corporation ▪ It provides financial assistance to small and medium scale industries in consortium with state-
(OSFC) level financial institutions.

▪ Besides, the corporation also receives financial assistance from the state and central
governments, and provides soft loans and margin money for rehabilitation of sick industrial units.

Orissa Pisciculture Development Corporation
Limited (OPDC)
Directorate of Export Promotion & Marketing
(DEPM)
▪ OPDC is the only public sector undertaking in the fishery sub-sector and aims at carrying on
business in pisciculture in brackish water areas, freshwater ponds and other water sources.
▪ It has launched a number of projects such as supplying fishnet, fuel and fish seeds for the
economic development of fishermen.
▪ DEPM has been set up to promote export of goods from Odisha and to provide marketing
assistance to SSI units of the state.
▪ It disseminates market intelligence, oversees enquiries related to tenders and trade from existing
and potential exporters and entrepreneurs.

▪ It provides guidance in export processing, pricing of export items and on different incentives for
exports, granted by the Government of India.

▪ OSIC was established in April 1972, with the main objective of aiding and assisting SSI units in
the state for their sustained growth and development.
Odisha Small Industries Corporation Ltd
(OSIC) ▪ The corporation has been extending help for marketing support, financial assistance on
purchase of raw materials, providing sub-contracting opportunities in the construction sectors
and also rendering various other services to SSI units.

41
Key investment promotion offices … (3/3)

Agency Description

▪ Established in 1956, OSCHC is the primary authority engaged in encouraging exporters,

The Orissa State Cooperative Handicrafts
enlarging marketing opportunities, introducing new design and technology and strengthening the
Corporation (OSCHC)
production base in the handicrafts sector.

Orissa State Electronics Development ▪ OSEDC was established in 1981 as the nodal organisation in the state for promotion of
Corporation (OSEDC) electronic industries, both in hardware and software.

▪ GRIDCO is a Government of Odisha undertaking and was incorporated in April 1995 for power
transmission.
Grid Corporation of India Limited ▪ In 2005, GRIDCO’s transmission-related activities were transferred to Orissa Power
(GRIDCO) Transmission Corporation.

▪ Now, GRIDCO is a trading company and is involved in the bulk sale of power to the four power
distribution companies in Odisha. It also trades surplus power with neighboring states.

▪ OSPCB is responsible for managing hazardous waste, bio-medical waste, municipal solid-
waste, recycled plastics, batteries as well as manufacture, storage and import of hazardous
Orissa State Pollution Control Board chemicals.
(OSPCB)
▪ Its functions are broadly classified under areas such as enforcement, advisory, monitoring,
research and facilitation.

42
Contact list

Agency Description

Killa Maidan, Cuttack-753 001

Phone: 91-0674-2536640
Directorate of Industries Fax: 91-0674-2536819

E-mail: diorissa@ori.nic.in

Website: http://diodisha.nic.in/

IPICOL House, Janpath, Bhubaneswar-751 022

Phone: 91-0674-2542 601

Industrial Promotion and Investment Corporation of Odisha Limited
Fax: 91-0674-2543 766
(IPICOL)
E-mail: info@ipicolodisha.com

Website: http://www.ipicolorissa.com/

43
Key approvals required (1/2)

Approvals and clearances required Departments to be consulted

Incorporation of company Registrar of Companies

Registration/Industrial License/Industrial District Industries Centres for

Entrepreneurs Memorandum (IEM) SSI, Secretariat for Industrial
Assistance**

Industrial Infrastructure
Allotment of land Development Corporation
(IDCO)

IDCO, Dept of Town & Country

Permission for land use Planning, Local
(In case industry is located outside an authority/District Collector
industrial area)
Ministry of Forest &
Environment, Government of
Forest and environment clearance India

Approval of construction activity and Concerned Development

building plan Authority

Distribution and
Sanction of electricity Transmission Company*

*Distribution Companies- CESU, NESCO, SOUTHCO, WESCO; Transmission Company- Orissa Power Transmission Corporation Limited (OPTCL)
**Secretariat for Industrial Assistance (Government of India) for Large and Medium Industries

44
Key approvals required (2/2)

Approvals and clearances required Departments to be consulted

Water supply Department of Water Resources

Chief Inspector of Factories and

Factory and boiler clearance
Boilers

Orissa State Financial Corporation

Finance (OSFC), IPICOL, Commercial
Banks*

Commercial Tax Department and

Orissa Value Added Tax (VAT) Act, and Central and State Excise
Central and State Excise Act Department

*Commercial Banks such as IDBI, ICICI, State Bank of India, etc.

45
Cost of doing business in Odisha

Cost parameter Cost estimate

Land (per sq m) US$ 2 to US$ 15

Office space rent (per sq ft per month) US$ 0.2 to US$ 2

Residential rent (for a 2,000 sq ft house, per month) US$ 200 to US$ 400

Five-star hotel room (per night) US$ 200 to US$ 450

Power cost (per kwh) Industries: US 7.5 cents to US 10.4 cents

Labour cost (minimum wage per day) US$ 4.6 to US$ 6.15

Source: Ministry of Labour and Employment, Government of India, Industry sources

46
State acts and policies

Excise Policy 2017-18

1 • To adopt excise duty, fee structure and guidelines for the settlement of excise shops and
establishments.
Read more

Export Policy 2017 (Draft)

2 • To provide necessary support to exporting industries with the aim of providing a boost to exports.
• To establish an institutional mechanism for regular dialogue with export sector. Read more

Odisha Mobile Towers, OFC and related Telecom Infrastructure Policy, 2017
• To streamline the process of application and grant of permission for telecom infrastructure within

3 specified timelines.
• To facilitate establishment of modern telecommunication infrastructure to provide high speed
internet. Read more

Renewable Energy Policy 2016

• To create an environment conducive to public/private/community participation and investments in
4 •
renewable energy
To facilitate R&D and development of manufacturing units in the renewable energy sector.
Read more

Odisha Electric Vehicle Policy, 2021

• To accelerate adoption of electric vehicles in the vehicle segments, especially in categories of two
5 wheelers, three wheelers and LMVs.
• To achieve adoption of 20% battery electric vehicles in all vehicle registrations by 2025.
Read more

Odisha Tourism Policy 2016

• To promote sustainable tourism with a view to create employment opportunities and to bring about

6 socio-economic benefits to the community.

• To give high priority to development and promotion of prime tourism products, conservation of
heritage, etc. Read more

47
APPENDIX

48
Sources

Data Sources

GSDP (state) Economic Survey 2018-19 (Odisha)

Per capita GSDP figures Economic Survey 2018-19 (Odisha)

GSDP (India) Economic Survey 2018-19 (India)

Installed power capacity (MW) Central Electricity Authority

Wireless subscribers (No) Telecom Regulatory Authority of India

Internet subscribers (million) Telecom Regulatory Authority of India

National highway length (km) NHAI, Roads and Building Department-Government of India

Major and minor ports (No) India Ports Association

Airports (No) Airports Authority of India

Literacy rate (%) Economic Survey 2018-19 (India)

Birth rate (per 1,000 population) Economic Survey 2018-19 (India)

Cumulative FDI equity inflows (US$ billion) Department for Promotion of Industry and Internal Trade
Operational PPP projects (No) DEA , Ministry of Finance, Government of India

Operational SEZs (No) Ministry of Commerce & Industry, Department of Commerce

49
Exchange rates

Exchange Rates (Fiscal Year) Exchange Rates (Calendar Year)

Year Rs. Equivalent of one US$ Year Rs. Equivalent of one US$
2004-05 44.95 2005 44.11
2005-06 44.28 2006 45.33
2006-07 45.29 2007 41.29
2007-08 40.24 2008 43.42
2008-09 45.91 2009 48.35
2009-10 47.42 2010 45.74
2010-11 45.58 2011 46.67
2011-12 47.95 2012 53.49
2012-13 54.45 2013 58.63
2013-14 60.50 2014 61.03
2014-15 61.15 2015 64.15
2015-16 65.46 2016 67.21
2016-17 67.09 2017 65.12
2017-18 64.45 2018 68.36
2018-19 69.89 2019 69.89
2019-20 70.49 2020 74.18
2020-21 73.20 2021 73.93
2021-22 74.42 2022 79.82
2022-23* 78.60 2023* 83.15*

Note: * As of November 2023

Source: Foreign Exchange Dealers’ Association of India

50
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51