Odisha is making a bold move to transform its industrial landscape. The state government is targeting a massive ₹5 lakh crore in industrial investments by 2029. This ambitious plan, spearheaded by Hemant Sharma, often referred to as Odisha’s ‘Industries Man,’ aims to diversify the state’s economy and boost its manufacturing sector.
The investment push goes beyond traditional sectors like metals, focusing on emerging industries with high growth potential. These include green energy, petrochemicals, electronics, OSAT-ATMP (Outsourced Semiconductor Assembly and Test – Advanced Technology and Manufacturing Processes), medical devices, pharmaceuticals, and food processing. This strategic shift signals Odisha’s intent to become a hub for diverse manufacturing activities.
The Odisha government’s strategy focuses on attracting investments across multiple sectors. By diversifying into green energy, the state aims to capitalize on the growing demand for sustainable solutions. Investments in petrochemicals and electronics will support the development of a robust industrial ecosystem. Furthermore, the focus on OSAT-ATMP, medical devices, pharmaceuticals, and food processing reflects a commitment to advanced manufacturing and value-added industries.
This initiative represents a significant opportunity for investors and a strategic move by the Odisha government to foster economic growth and create jobs. The diversification strategy is designed to make the state’s economy more resilient and competitive in the long term.
With Hemant Sharma at the helm, the Odisha government is poised to drive this investment push, potentially reshaping the state’s industrial future by 2029. This ambitious plan underscores Odisha’s commitment to becoming a prominent player in India’s manufacturing sector.
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