Forrester Predicts India’s Enterprise IT Market to Expand at the Highest Rate Amid AI and Cloud Boom India is set to become the world’s fastest-growing technology market, with enterprise IT spending projected to grow at a compound annual growth rate (CAGR) of 9.6% between 2024 and 2029, the highest across any region globally, according to…
The Odisha government is set to introduce a new Information Technology (IT) policy aimed at accelerating the state’s IT sector growth while significantly increasing incentives for companies hiring local talent. The policy, which will be launched soon by the state IT department, proposes a more than twofold increase in recruitment incentives for companies employing youth…
More than 25.6% of Odisha’s 549.5 km coastline, spanning 140.7 km, is experiencing significant erosion due to powerful waves, according to Union Minister for Environment, Forest and Climate Change, Kirti Vardhan Singh. In a written response to the Lok Sabha, the minister confirmed that a considerable portion of Odisha’s coastal stretch is vulnerable to erosion,…
In a significant development for Odisha’s entrepreneurial landscape, Hunch Circle Private Limited has signed a Memorandum of Understanding (MoU) with Startup Odisha to strengthen the state’s startup ecosystem. This collaboration aims to provide funding, mentorship, and global market access to Odisha-based startups, fostering innovation and entrepreneurship. Hunch Circle, a portfolio company of Delhi-based investment firm…
The Union Budget 2025 has brought substantial allocations for Odisha’s infrastructure development, fisheries sector, MSMEs, and renewable energy initiatives. With a strategic focus on economic growth and fiscal consolidation, Finance Minister Nirmala Sitharaman has introduced measures that will significantly impact the state’s progress. Major Railway and Highway Development for Odisha Odisha is set to witness…
The Odisha government has set an ambitious target of constructing 15,000 km of roads every year, aiming to develop 75,000 km of road infrastructure over the next five years. Public Works Minister Prithviraj Harichandan outlined the plan following a departmental review meeting on Friday. A comprehensive policy on road infrastructure improvement is in the works,…
The Odisha government has given the green light for the construction of an elevated approach and exit road on the Master Canteen side of Bhubaneswar Railway Station. This initiative is a key component of the station’s redevelopment under the Indian Railways’ Amrit Station Scheme, aimed at modernizing passenger amenities and streamlining traffic flow. As part…
Bhubaneswar is set for a major infrastructure overhaul as the Odisha government announced a ₹7,000 crore investment to tackle traffic congestion, expand roads, and improve connectivity in the state capital. The decision was made during a high-level review meeting chaired by Chief Minister Mohan Charan Majhi at Lok Seva Bhavan on Friday. Key Infrastructure Projects…
Odisha Chief Minister Mohan Charan Majhi has hailed the Union Budget 2025-26, particularly the provision for “zero income tax” up to ₹12 lakh per annum, calling it a “visionary step” that will empower citizens and bolster the economy. Expressing gratitude to Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman, Majhi stated that the move…
Finance Minister Nirmala Sitharaman, in her record eighth Budget presentation on February 1, 2025, announced a ₹10,000 crore Fund of Funds to support startups and deep-tech innovation. The budget also focused on strengthening India’s position in artificial intelligence (AI), deep tech, and innovation, with investments in AI Centers of Excellence (CoEs) and expanded credit support…
