Odisha has emerged as one of India’s top performers in post-pandemic economic recovery, achieving a compound annual growth rate (CAGR) of over 6% in its gross state domestic product (GSDP) between FY20 and FY25, according to a recent report by India Ratings. The eastern state has made remarkable progress in manufacturing, with its share increasing…
Odisha Chief Minister Mohan Charan Majhi unveiled the state’s budget for the fiscal year 2025-26 on Monday, presenting a total outlay of ₹2.9 lakh crore. This marks his first full-fledged budget since assuming office in June 2024. The budget focuses on strengthening key sectors such as agriculture, infrastructure, healthcare, education, and social welfare. Key Sectoral…
Odisha’s economy is set to grow by 7.2% in the 2024-25 financial year, surpassing India’s projected growth rate of 6.4%, according to the State Economic Survey 2024-25 presented in the Legislative Assembly. The Gross State Domestic Product (GSDP) at current prices is estimated to reach ₹9.5 trillion, marking a 10% increase from the previous year’s…
Odisha Chief Minister Mohan Charan Majhi, who also holds the Finance portfolio, is set to present the state budget for the financial year 2025-26 in the Legislative Assembly on Monday. The upcoming budget is expected to focus on economic growth while strengthening key welfare initiatives and infrastructure development. With heightened anticipation, discussions are ongoing regarding…
Odisha Governor Hari Babu Kambhampati has proposed listing select state public sector undertakings (PSUs) in the stock market to enhance accountability, drive performance, and strengthen their financial standing. Speaking at a review meeting on PSU performance at Raj Bhavan, the Governor underscored the importance of transparency, efficiency, and financial discipline in managing public resources. Highlighting…
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,…
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…
Prime Minister Narendra Modi inaugurated the highly anticipated Utkarsh Odisha – Make in Odisha Conclave 2025 and the accompanying Make in Odisha Exhibition today in Bhubaneswar, Odisha. In his keynote address, the Prime Minister highlighted the state’s burgeoning potential as an industrial and cultural hub, emphasizing its critical role in the nation’s progress. A Milestone…
