Discover Odisha

Odisha

Located on India's eastern coast, Odisha is a state known for its rich cultural heritage, majestic mountains, serene beaches, and wildlife sanctuaries. It spans approximately 1.55 lakh square kilometers, accounting for about 4.87% of India's total land area. Odisha boasts a strategic position with a 480 km coastline along the Bay of Bengal, making it a vital gateway for trade. The state is transitioning towards an industry and service-based economy from an agriculture-based one, with its economy being one of the fastest growing in India. Odisha's gross state domestic product (GSDP) is projected to grow significantly, with a notable increase in recent years. It is a top FDI destination in India, known for its strong fiscal health and robust industrial landscape.

• Key industries: **mining, manufacturing, IT, and tourism**.

• Business hubs: **Bhubaneswar and Rourkela**, both designated as Smart Cities.

• Opportunities: **FinTech, AI, and Global Capability Centres**.

Business Environment

Odisha offers a favorable business environment, with a strong focus on innovation and investment. The state government has launched initiatives like the Integrated Global Financial Technology Capability Hub to attract global financial institutions and startups. Odisha is also the first state to formulate an AI policy, aiming to become the Research Capital of the East.

Tourism and Culture

Beyond its economic prowess, Odisha is renowned for its vibrant festivals, diverse music and dance forms, intricate arts and crafts, and historical landmarks. The state's unique cultural charm and natural beauty make it an attractive destination for tourists.

Trade and Infrastructure

Odisha's extensive ports and strategic coastline facilitate trade with global markets. The state is enhancing its digital infrastructure through initiatives like establishing a cable landing station connecting Bhubaneswar to Singapore, further solidifying its position as a key trade hub.