New committee structure aims to simplify fiscal incentive process for MSMEs, boost investments and employment in food processing sector Bhubaneswar: The Odisha Cabinet has approved key amendments to the Odisha Food Processing Policy 2016, intending to streamline the process of administering and approving fiscal incentives for food processing units in the state. These changes have…
Central Minister Confirms Airport Will Handle 4.6 Million Passengers Annually; Project to Boost Economy and Employment Bhubaneswar : The proposed Greenfield airport in Puri has received both site clearance and policy approval from the central government, paving the way for further development of the much-anticipated project. This was revealed in a written response in the…
NINL becomes a 100% subsidiary; posts major operational turnaround after takeover Bhubaneswar: Tata Steel has officially completed the full acquisition of Neelachal Ispat Nigam Ltd (NINL), marking a significant milestone in the company’s expansion and revival of sick industrial units in India. This update was shared by Tata Steel’s Executive Director and CFO, Koushik Chatterjee,…
The I-GFTCH initiative, in collaboration with GFTN and global partners, aims to position Odisha as a global FinTech hub through skilling, innovation, and international collaboration. Bhubaneswar : Odisha is set to make a historic entry into the global financial technology landscape with the launch of the Integrated Global Financial Technology Capability Hub (I-GFTCH) in Bhubaneswar…
The Luxembourg-based industrial giant plans to expand its India operations with a new unit in Odisha, reflecting the state’s rising status as an FDI hotspot. Bhubaneswar: Luxembourg-based VCL Group, a global leader in steel, glass, and energy, has announced plans to establish a manufacturing unit in Odisha within the next two to three years. The…
Over ₹6,500 Crore Investment Announced by 40+ Companies; Government Focuses on Cluster-Based Industrial Growth and Logistics Corridors Bhubaneswar: Odisha has made significant strides in attracting investment in the food processing sector, with over 40 companies announcing plans to invest more than ₹6,500 crore in the state over the last few years. These companies are setting…
Cuttack, Khordha, Rourkela, and Ganjam among key districts to benefit; government pushes regional innovation and digital MSME transformation Bhubaneswar: In a major boost to Odisha’s growing startup ecosystem, seven startups from the state have received a cumulative funding of ₹35 crore under the Government of India’s Fund of Funds for Startups (FFS) scheme. This information…
Bhubaneswar: The Bhubaneswar Development Authority (BDA) has announced that all property allottees must generate a Unique Account Number (UAN) by August 31, 2025, to access a full range of its property-related services. This move is part of BDA’s ongoing effort to digitize and streamline its operations. The UAN will serve as a crucial reference number…
Land-based terminal selected due to unavailability of floating units; profits drop amid lower LNG demand Bhubaneswar: State-run Petronet LNG Ltd (PLL) has revised the project cost of its upcoming liquefied natural gas (LNG) terminal at Gopalpur, Odisha, to ₹6,354.80 crore, citing a shift from a Floating Storage and Regasification Unit (FSRU) to a land-based facility….
Bhubaneswar: In a major push for industrial development and employment generation in Odisha, Hindalco Industries Ltd, a flagship company of the Aditya Birla Group, has committed to invest ₹200 crore to set up apparel manufacturing units in Keonjhar and Sambalpur districts. The investment plan was formalised through two separate Memorandums of Understanding (MoUs) signed with…
