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…
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…
