Odisha’s Industries Minister Sampad Chandra Swain today presented the Budget Estimates for the Industries Department for the financial year 2026–27, aimed at accelerating industrial growth, attracting investments, and generating large-scale employment, which was passed by the Odisha Legislative Assembly.
While presenting the budget, the Minister highlighted the pivotal role of the Industries Department in driving the State’s economic growth through focused efforts on investment promotion, industrial infrastructure creation, project facilitation, and implementation of progressive policy frameworks.
Over the past year, Odisha has significantly strengthened its investment outreach and promotion efforts through a series of strategic national engagements and industry-focused platforms, including Odisha-Tex 2025, the Odisha Pharma Summit, and Enterprise Odisha in Rourkela.
During 2025, the Government of Odisha demonstrated the State’s strong industrialisation momentum by grounding and inaugurating 80 industrial projects with a combined investment of over ₹1.78 lakh crore, creating employment opportunities for more than 1.43 lakh people.
In particular, the recent edition of Utkarsh Odisha – Make in Odisha Conclave 2025 marked a significant milestone in the State’s investment journey. The conclave attracted 593 investment proposals with an investment intent of ₹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 the High-Level Clearance Authority (HLCA) have approved 392 projects with a proposed investment of ₹8.15 lakh crore and employment potential of over 5.05 lakh jobs.
The State’s sustained reforms in regulatory processes have been recognised nationally, with Odisha being ranked a ‘Top Achiever’ in the Business Reform Action Plan (BRAP) by the Department for Promotion of Industry and Internal Trade (DPIIT), Government of India. At the district level, District Investment Promotion Agencies (DIPAs) have been operationalised across all 30 districts to support project grounding and promote sector-specific investments.
Parallelly, the Government continues to strengthen industrial infrastructure through the development and upgradation of industrial estates, external infrastructure projects, industrial corridors, and sector-focused industrial parks. Initiatives such as the development of new food parks, textile parks in Khordha district, expansion of the Aluminium Park at Angul, and the Plastic Park at Paradip aim to promote downstream industries and strengthen industrial value chains.
The Government has proposed a total budgetary outlay of ₹1,200crore under programme expenditure and ₹7.29 crore towards Establishment & Operations costs for FY 2026–27 to reinforce Odisha’s industrial ecosystem. Key allocations include ₹243 crore for industrial workers’ hostels under the SIDBI Cluster Development Programme and Deen Dayal Karmachari Niwas, ₹160 crore for the Industrial Infrastructure Maintenance Fund (IIMF) to upgrade existing industrial estates, and ₹150 crore under the Industrial Infrastructure Development Fund (IIDF) for the development of external infrastructure such as pipelines and power supply.
The Government has also provisioned ₹125 crore for Utkarsh Odisha – Make in Odisha and ₹101.72 crore under the Land Bank scheme to ensure availability of ready-to-use land for industrial projects. An allocation of ₹123.20 crore has been proposed for industrial and film policy incentives, including schemes such as Subsidy in the shape of Financial Assistance against VAT/GST reimbursement in the large sector, Subsidies under IPR, Interest Subsidy to Large Industries, and incentives under the Odisha State Film Policy.
Sectoral initiatives include ₹90 crore for the expansion of the Aluminium Park at Angul, ₹40 crore for the development of the Industrial Corridor, and ₹45 crore for the redevelopment of Kalinga Studio and grants to the Odisha Film Development Corporation. Additional allocations include ₹22 crore for Textile Parks, ₹20 crore for Mega Food Parks, and ₹15 crore for the Plastic Park at Paradip.
New initiatives include ₹10 crore for the development of the Odisha Rare Earth Mineral Corridor and ₹10 crore for Industrial Townships in major industrial clusters. The budget also strengthens investment facilitation with ₹21 crore for the District Investment Promotion Agency (DIPA), ₹8.40 crore for Investment Promotion Advisory Services, ₹8.20 crore for development of SLFC/DLFC, and ₹3.70 crore for IPICOL’s Single Window services, along with ₹20 lakh for strengthening the Odisha Investment and Export Promotion Office (OIEPO) in New Delhi.
The State is also focusing on worker welfare and industrial urbanisation through the development of industrial townships and workmen’s hostels near major industrial clusters to support the growing industrial workforce and ensure planned industrial expansion.
The Government continues to extend competitive incentives under the Industrial Policy Resolution (IPR) 2022, including SGST reimbursement, electricity duty exemption, capital investment subsidies, employment cost subsidies, and stamp duty exemptions to support industries and promote investment.
Government remains committed to building a robust and investor-friendly industrial ecosystem that accelerates economic growth while generating large-scale employment opportunities for the people of Odisha.
The State’s industrial strategy is aligned with the long-term vision of ‘Viksit Odisha 2036’, which seeks to transform Odisha into a prosperous, industrially advanced, and employment-rich economy through sustainable and inclusive growth.
