Bhubaneswar: Odisha Minister of Industries, Sampad Chandra Swain, today presented the Budget Estimates for the Industries Department for the financial year 2026–27 in the Odisha Legislative Assembly. The proposals, which were subsequently passed, focus on accelerating industrial growth, attracting substantial investments, and generating large-scale employment opportunities across the state.
In his presentation, Minister Swain underscored the Industries Department’s central role in propelling Odisha’s economic progress through aggressive investment promotion, creation of robust industrial infrastructure, streamlined project facilitation, and forward-looking policy frameworks. He highlighted the state’s impressive momentum in industrialization over the past year.Odisha has intensified its outreach through key national engagements and sector-specific platforms, including Odisha-Tex 2025, the Odisha Pharma Summit, and Enterprise Odisha in Rourkela.
In 2025, the government grounded and inaugurated 80 industrial projects involving investments exceeding ₹1.78 lakh crore, poised to create jobs for over 1.43 lakh people. A landmark achievement was the Utkarsh Odisha – Make in Odisha Conclave 2025, which drew 593 investment proposals worth ₹16.73 lakh crore and an employment potential of nearly 12.88 lakh jobs across 20 sectors. Since June 2024, the State Level Single Window Clearance Authority (SLSWCA) and High-Level Clearance Authority (HLCA) have cleared 392 projects with proposed investments of ₹8.15 lakh crore and over 5.05 lakh potential jobs.
The state’s regulatory reforms earned national acclaim, with Odisha ranked a ‘Top Achiever’ in the Business Reform Action Plan (BRAP) by the DPIIT, Government of India. District Investment Promotion Agencies (DIPAs) are now functional in all 30 districts to aid project implementation and sector-specific investments.
Infrastructure development remains a priority, with ongoing upgradation of industrial estates, external projects, corridors, and specialized parks. Key initiatives include new food parks, textile parks in Khordha, expansion of the Aluminium Park at Angul, and the Plastic Park at Paradip to bolster downstream industries and value chains.For FY 2026–27, the department has proposed a total outlay of ₹1,200 crore under programme expenditure, plus ₹7.29 crore for establishment and operations. Major allocations include ₹243 crore for industrial workers’ hostels (via SIDBI Cluster Development and Deen Dayal Karmachari Niwas), ₹160 crore for the Industrial Infrastructure Maintenance Fund (IIMF) to upgrade estates, and ₹150 crore under the Industrial Infrastructure Development Fund (IIDF) for external infrastructure like pipelines and power.
Other provisions cover ₹125 crore for Utkarsh Odisha – Make in Odisha, ₹101.72 crore for the Land Bank scheme to ensure ready land availability, and ₹123.20 crore for incentives under industrial and film policies (including VAT/GST reimbursement, IPR subsidies, interest subsidies, and Odisha State Film Policy schemes).
Sector-specific funding includes ₹90 crore for Aluminium Park expansion at Angul, ₹40 crore for industrial corridors, ₹45 crore for Kalinga Studio redevelopment and Odisha Film Development Corporation grants, ₹22 crore for textile parks, ₹20 crore for mega food parks, and ₹15 crore for the Plastic Park at Paradip. New thrusts feature ₹10 crore each for the Odisha Rare Earth Mineral Corridor and industrial townships in major clusters. Investment facilitation receives ₹21 crore for DIPAs, ₹8.40 crore for advisory services, ₹8.20 crore for SLFC/DLFC development, ₹3.70 crore for IPICOL’s single-window services, and ₹20 lakh for the Odisha Investment and Export Promotion Office in New Delhi.
The budget emphasizes worker welfare through industrial townships and hostels near clusters to support the workforce and promote planned urbanization. Competitive incentives under the Industrial Policy Resolution (IPR) 2022—such as SGST reimbursement, electricity duty exemptions, capital subsidies, employment cost subsidies, and stamp duty waivers—continue to make Odisha attractive to investors.
The government reiterated its commitment to a robust, investor-friendly ecosystem aligned with the vision of ‘Viksit Odisha 2036’, aiming for sustainable, inclusive growth that transforms the state into a prosperous, industrially advanced economy with abundant employment opportunities.
