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While the economy of Odisha expanded during the fiscal period 2011 to 2018 by 53 percent, its real per capital income increased by 42 percent to an estimated level of Rs. 92,727 in 2017-18. The improvement in the growth trajectory of the state over the last five years can be attributed to several development initiatives and prudent macro and micro ...

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The contribution of MSMEs in Employment generation and GDP growth of India

During last five years, a total of 1,98,736 MSME units were set up and started production with a total investment of Rs. 109.75 crore and employment generation of 6.28 lakh persons in Odisha. Food and Allied sectors follow the Repairing services in terms of units, investment and employment generation. The Micro, Small and medium enterprises (MSMEs) of India are very ...

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Industries Grow through Better Planning & Execution Not by Creating More Corporations

Recently, it was reported that, the Government of Odisha is planning to set up a ‘Steel Directorate’ to expedite in resolving bottlenecks for development of mining of iron ores, their beneficiation, agglomeration, production of sponge iron and steel etc. The State Government has already got a number of organizations like Directorate of Mines, Industrial Development Corporation (IDC), Orissa Mining Corporation ...

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The Future Lies In Balance

Odisha, known to the outside world only through the stories of hunger and child sale emanating from the drought belt of Kalahandi, is being recognized as an investment destination. Global players in the industry took note of the state with some coming forward to invest. However, co-existence of Environment and Industry can very well be done in Odisha. Industrialization has ...

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