Resource detail

Odisha is one of the richest mineral states in India. The State considers industrial growth as a means to sustainable livelihood by promoting higher capital formation absorbing surplus workforce. This policy has been conceptualized with the aim of making Odisha a destination of choice for the investors worldwide. The policy seeks to promote industrial development in the state and optimally use the existing resource base. Some of the main objectives are to: (i) promote sustainable and inclusive economic growth by attracting investments in a structured manner in focus and priority sectors; (ii) promote direct employment intensive sectors such as handicrafts, handlooms, etc.; (iii) encourage establishment of environment-friendly and less polluting industries. The policy has identified and developed a strategy which would promote industrial development in the state in a planned manner. Special incentives will be provided for investments in tribal subdivisions.