Odisha Chief Minister Mohan Charan Majhi welcomed the Union Budget 2026–27, highlighting the announcement of dedicated rare-earth corridors in mineral-rich states, including Odisha.
He shared his views on X, noting that Finance Minister Nirmala Sitharaman’s proposal builds on the rare-earth permanent magnet scheme launched in 2025.
Majhi emphasised that the central support for rare-earth corridors will unlock new opportunities for Odisha’s mineral sector, strengthen industrial growth, and boost employment. He stated that the initiative aligns with Odisha’s vision of sustainable development and positions the state as a key contributor to India’s advanced manufacturing ecosystem.
Presenting the Union Budget 2026–27, Hon’ble Union Finance Minister Smt. Nirmala Sitharaman announced that, following the launch of the rare-earth permanent magnet scheme in 2025, the Government of India will extend central support for dedicated rare-earth corridors in… pic.twitter.com/LhQQrcH50L
— CMO Odisha (@CMO_Odisha) February 1, 2026
The Chief Minister also pointed out that Odisha’s mineral wealth, combined with national backing, will help the state attract investments in semiconductor and technology-driven industries.
Budget 2026–27 for Odisha
- National Waterway-5 will be operationalised, linking Talcher and Angul mineral hubs with Kalinganagar industrial clusters and Paradeep/Dhamra ports. This will improve logistics, reduce carbon emissions, and support industrial expansion.
- Wildlife tourism boost through turtle trails at Gahirmatha Beach and Rushikulya River mouth, enabling eco-friendly turtle viewing, protecting coastal ecosystems, and creating local livelihoods.
- Rare-earth corridors will receive central support in mineral-rich states, including Odisha, strengthening raw material supply for semiconductor and advanced manufacturing industries.
- Together, these measures position Odisha as a hub for green logistics, mineral-based industrial growth, and eco-tourism, reinforcing its role in India’s sustainable development and economic resilience.
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