Welcome to Balasore

Balasore

Balasore, the administrative headquarters of Balasore district in northern Odisha, is a vibrant city known for its strategic importance in industry, commerce, and agriculture. As one of Odisha's richest cities, it serves as a critical health and educational hub while fostering strong business opportunities supported by its diverse economic base. The city's advantageous coastal location, fertile alluvial soil, and network of perennial rivers create ideal conditions for agriculture, particularly for crops like paddy, coconut, and betel. Alongside agriculture, Balasore has developed a robust industrial sector encompassing both large-scale and small-scale enterprises, which significantly contribute to local employment and economic growth. Well-connected by major national highways, Balasore offers excellent logistical advantages for trade and transport, making it an attractive destination for investors and entrepreneurs.

Business Environment

Balasore's business environment is characterized by a collaborative ecosystem involving government agencies, private enterprises, and industry bodies such as the North Orissa Chamber of Commerce and Industry (NOCCI). NOCCI, situated in Januganj, acts as a central business park and industrial facilitation center, supporting about 100 member units and fostering industrial training and development. The city hosts major industries including Balasore Alloys Limited, Emami Paper Mills, Oriplast, and Birla Tyres, alongside numerous award-winning small-scale units. Balasore also benefits from India's defense research initiatives, with the Integrated Test Range located nearby, further boosting technological and industrial growth.

Popular Markets

• Nua Bazara – a bustling marketplace for local goods and produce
• Motiganj and Vivekananda Marga – key commercial streets with retail and wholesale businesses
• FM Square and Station Square – prominent hubs for trade and services
• Kachehri Road and Town Hall – centers for administrative and business activities
• ITI Chhaka and Nua Shahi – growing areas with emerging commercial prospects

Growth Potential

Balasore's growth potential is substantial due to its diversified economy, improving infrastructure, and strong institutional support. The ongoing expansion of National Highway 60 into a four-lane route enhances connectivity, facilitating faster movement of goods and raw materials. The presence of the District Industries Center (DIC) provides a single-window clearance system for entrepreneurs, offering financial aid, land, and marketing assistance, which encourages establishment and expansion of small and medium enterprises. Additionally, the city's proximity to coastal resources supports a thriving fishing industry with significant export capabilities. These factors combine to position Balasore as a dynamic city with ample opportunities for business development and investment.

Key Industries and Highlights

• Heavy and medium industries: Balasore Alloys Limited, Emami Paper Mills, Birla Tyres
• Small and medium enterprises: Oriplast, Jagannath Biscuits, Odisha Rubber Industries
• Agriculture: Paddy, wheat, coconut, betel cultivation supported by fertile soils and irrigation
• Fishing industry with manufacturing and export of fishing equipment
• Defense research and missile testing facilities near the city
• Active industrial promotion through NOCCI and District Industries Center