Finance Minister Nirmala Sitharaman, in her record eighth Budget presentation on February 1, 2025, introduced an additional ₹10,000 crore allocation to the Fund of Funds for Startups. The move is aimed at addressing funding challenges, fostering entrepreneurial growth, and reinforcing India’s position as a global startup hub. Here’s how industry leaders from the startup ecosystem…
The Economic Survey 2024-25, tabled in Parliament on January 31, 2025, by Finance Minister Nirmala Sitharaman, outlines India’s economic trajectory, highlighting growth prospects, sectoral performance, and policy priorities for the upcoming fiscal year. Economic Growth Projections India’s economy is projected to expand by 6.6% in 2025, driven by robust private consumption and investment. The Economic…
Odisha is accelerating its efforts to become a leading global destination for tourism, particularly in the areas of MICE (Meetings, Incentives, Conferences, and Exhibitions) and wedding tourism. At the Utkarsh Odisha – Make in Odisha Conclave 2025 held on Wednesday, the state secured investment commitments totaling ₹8,155 crore, paving the way for luxury hotels, resorts,…
Avaada Group, a key player in renewable energy and green hydrogen, has joined forces with Switzerland-based Casale to develop a 1,500 tons per day (TPD) green ammonia plant in Gopalpur, Odisha. The facility will be entirely powered by renewable energy, marking a major step in India’s push toward sustainable industrial development and Net Zero goals,…
PTC Industries, a leading advanced manufacturing and materials technology company, has signed a Memorandum of Understanding (MoU) with the Government of Odisha to establish an aerospace-grade titanium sponge manufacturing facility in the state. The initiative will make PTC Industries, along with its subsidiary Aerolloy Technologies, one of the few companies globally with a fully integrated…
Paradeep Phosphates Ltd. (PPL) has signed a memorandum of understanding (MoU) with the Odisha government to invest Rs 4,000 crore over the next five years, aiming to expand its phosphatic fertilizer manufacturing capacity and develop port infrastructure in the state. PPL will invest Rs 4,000 Cr over five years to increase the Phosphatic Fertiliser Manufacturing…
Odisha is poised to become India’s next green growth powerhouse, with the potential to generate 10 lakh full-time jobs and attract ₹3.5 lakh crore (~$42 billion) in investments by 2030, according to a new study by the Council on Energy, Environment and Water (CEEW). The study, launched at the ‘Utkarsh Odisha – Make in Odisha…
The Utkarsh Odisha-Make in Odisha Conclave 2025 concluded successfully, with Chief Minister Mohan Charan Majhi announcing a record-breaking investment commitment of ₹16.73 lakh crore, expected to generate 12.88 lakh jobs across more than 20 sectors in all 30 districts of Odisha. Key Announcements & Investment Highlights Speaking at the valedictory session, CM Majhi revealed that…
Hatsun Agro Product Ltd (HAP), a leading dairy company headquartered in Chennai, has acquired Odisha-based Milk Mantra Dairy and its well-known ‘Milky Moo’ brand for ₹233 crore, marking its expansion into the Eastern Indian dairy market. In a statement, HAP emphasized that the strategic acquisition would enhance its market footprint, providing a wider distribution and…
Odisha’s Utkarsh Odisha – Make in Odisha Conclave 2025 is witnessing a surge in investment commitments, with 54 Memorandums of Understanding (MoUs) already signed and more expected in the coming hours. Industries Secretary Hemant Sharma announced on Tuesday that the count could go up to 80 as more companies confirm their investment plans. “While 54…
