Odisha Charts New Industrial Roadmap with Focus on Diversification and Youth Entrepreneurship
State eyes chemicals, petrochemicals, semiconductors, and shipbuilding while reinforcing strengths in metals and mining
Bhubaneswar : Odisha is preparing for a major transformation of its industrial landscape, with the government prioritising diversification beyond its traditional reliance on metals and mining. Industries and Skill Development & Technical Education Minister Sampad Chandra Swain has outlined an ambitious roadmap that targets emerging sectors such as chemicals, petrochemicals, apparel, renewable energy, shipbuilding, and semiconductors.
Speaking in an interaction with ET Digital, Swain said the government’s goal is to reposition Odisha as a leading investment destination, moving from a purely resource-based economy to a knowledge-driven, innovation-led hub. “Our vision is not just to attract industries but also to create a balanced ecosystem where traditional strengths coexist with futuristic sectors. This will prepare Odisha for the next phase of global competitiveness,” he explained.
The minister recalled the success of the Utkarsh Odisha—Make in Odisha Conclave 2025, held on January 28–29, which marked a turning point for the state’s investment outreach. Coupled with roadshows in Delhi, Mumbai, and global centres such as Singapore, the conclave generated an unprecedented Rs 16.73 lakh crore in investment intent — the highest ever for Odisha.
“Under the leadership of Chief Minister Mohan Charan Majhi, we have already witnessed groundbreaking ceremonies for 85 industries worth Rs 2.04 lakh crore. Work is actively progressing on-site, creating over 1.64 lakh jobs. This is the most significant achievement for Odisha’s industrial journey so far,” Swain said.
Among the state’s diversification efforts, semiconductors have emerged as a flagship area. In August, the Union Cabinet cleared two landmark projects for Odisha — SiCsem’s Silicon Carbide compound semiconductor facility and 3D Glass Solutions’ advanced packaging unit. Together, these bring more than Rs 4,000 crore of semiconductor investments into the state, positioning Odisha on the national semiconductor map.
In parallel, the chemicals and petrochemicals sector is set for a massive boost. Indian Oil Corporation (IOC) has signed an MoU with the Odisha government to establish its largest-ever petrochemical complex at Paradip, with an investment of Rs 61,000 crore. The project will feature India’s biggest dual-feed naphtha cracker, creating downstream opportunities and strengthening Odisha’s role in the country’s petrochemical chain.
Swain also stressed the importance of youth-led entrepreneurship as part of Odisha’s growth story. The state is promoting startup culture and providing platforms for young innovators to launch ventures rather than relying solely on employment opportunities. “We believe empowering the youth to become job creators is as crucial as bringing in large industries. It ensures sustainability, inclusivity, and long-term growth,” he said.
The minister emphasised that Odisha’s strategy is not only about industrial diversification but also about integrating skill development and innovation into the state’s economic framework. Initiatives such as advanced training centres, incubation hubs, and global partnerships are being aligned with industrial growth to ensure that local talent is future-ready.
The push for renewable energy, shipbuilding, and apparel is also expected to create diverse job opportunities and reduce over-dependence on mining-related sectors. By combining traditional strengths with new-age industries, the government hopes to achieve a balanced growth trajectory that benefits both urban and rural communities.
With record-breaking investment intents, mega projects in semiconductors and petrochemicals, and a renewed focus on entrepreneurship, Odisha is preparing to transform its industrial base. Swain underlined that the roadmap aligns with the state’s broader vision of Viksit Odisha 2036, where modern infrastructure, cutting-edge industries, and a skilled workforce converge to make Odisha a national leader in industrialisation.
“Odisha’s journey is now about resilience and reinvention. By diversifying our industrial base, we are ensuring that our growth story is inclusive, sustainable, and globally competitive,” Swain concluded.
