List of 77 Business Ideas for Startup – Odisha (Orissa).

Top 77 Business Plans for Startup- Odisha (Orissa)

List of 77 Business Ideas for Startup – Odisha (Orissa). Investment Opportunities in Bhubaneswar, Cuttack, Rourkela, Brahmapur, Sambalpur, Puri, Balasore, Bhadrak, Baripada, Jharsuguda, Bargarh, Dhenkanal, Barbil, Angul, Jajpur.

Odisha is located in the eastern region of India. The state shares its borders with West Bengal on the north-east, Jharkhand on the north, Andhra Pradesh on the south, Chhattisgarh on the west, and the Bay of Bengal on the east.

The state’s economy witnessed high growth rates between 2015-16 and 2019-20, with Gross State Domestic Product (GSDP) expanding at a Compound Annual Growth Rate (CAGR) of 12.70 per cent.

Odisha has emerged as a key state with regards to the mineral and metal-based industries. At 40.7 per cent in 2018, Odisha contributed the largest share of mineral production India in terms of value. Value* of minerals produced in the state reached Rs 30,170.22 US$ 4.28 billion) in 2018-19.

Related Projects: – Best Business Opportunities in Odisha (Orissa)

It is the first state in India to have undertaken reform and restructuring initiatives in the power sector. As of March 2020, Odisha accounted for a total installed power generation capacity of 8,566.59 megawatt (MW), comprising 3,828.22 MW under state utilities, 2,771.39 MW under private sector, 1,996.68 MW under central utilities.

The state attracted Foreign Direct Investment (FDI) inflow worth US$ 605 million during April 2000 and March 2020 according to the data released by Department for Promotion of Industry and Internal Trade (DPIIT).

Odisha has a well-developed social, physical, and industrial infrastructure, and the state government has undertaken several infrastructural projects to further promote overall development. The state’s infrastructure includes well-connected road and rail networks, airports, ports, power, and telecom.

Project: – Which Business is best in Odisha (Orissa)?

Map of Odisha

Odisha (Orissa):-

Types of Industries in Odisha

The Orissa Industry is going places with excellent industrial infrastructure and presence of top national and international companies. The state has witnessed an industrial upsurge due to the favorable industrial atmosphere in the state. The state government of Odisha has invited major industrial houses of the country and abroad to invest in the state. It has achieved a considerable amount of success and several prime companies have set up their plants in the state.

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The entire industrial structure of the state can be divided into following categories

• Large-Scale Heavy Industries
• Large-Scale Industries
• Small-Scale Industries

Large-Scale Heavy Industries

This segment includes the industrial units that need massive capital investment and include iron steel industry, aluminium, cement, Ferro-manganese, Ferro-chrome, steel rolling mills, fertilizer plants, Ceramic Glass, Aluminium Mines, Rare Earths, thermal, Steel Plant and power projects.

Large-Scale Industry

• Paper Mills
• Textile Industry
• Silk Production
• Textile
• Sugar Mills

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The state is rich in forest resources, which has prompted the growth of several forest based industrial plants. The cottage industry of Orissa includes the;

• Sericulture industry
• Cotton textile mills
• Sugar mills
• Rice mills

Small-Scale Industry

Among the other industries beverage, tobaco, gur and molasses are important. The tobaco industry is wide spread and provides employment to large number of persons.

In bidi production, the old disticts of Sambalpur, Sundargarh, Balangir, Keonjhar, Cuttack and Balasoreare important. Although Odisha has a large cattle population, it imports leather goods. The principalcentres of leather production are Boudh, Balangir, and Keonjhar. Modern tanneries have been set-up at Cuttack and Khariar Road.

Related Project: – What is the Best Business Plan to Start in Odisha

Production of inks, paints, and varnishes, soap,wood and wood products also employ a large number of persons in the towns. For jwellery and filigree work, Cuttack and Berhampur are famous. Stone carving is important in puri. The Salt Industry is being modernised at Huma in Ganjam district and at Astarang in Puri district. The Industrial estate of Bhubaneswar has been developed at Rasulgarh and Mancheswar. The most important among these is the coach building unit at Mancheswar.

• Brass industry
• Tobacco industry
• Beverage
• Molasses
• Aluminum utensil making plants

Economy of Odisha (Orissa)

Over 76 percent of the people are dependent on agriculture. Out of the gross cropped area of 87.46 lakh hectares, 18.79 lakh hectares are irrigated. Rice, pulses, oil seeds, jute, Mesta, sugarcane, coconut and turmeric are important crops. There are also cash crops like tea, cotton and rubber. The state contributes one-tenth of the rice production in India. Jute, gram, sesame, ragi, mustard, rape and maize are second-ranking crops in different districts. District-wise, jute ranks second in Cuttack and Balasore, gram in Puri and Phulabani and Maize in Mayurbhanj. The infrastructure for the development of industry in Orissa is available.

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A combination of coal, iron ore, limestone, bauxite and a host of other minerals on the one hand and port facilities on the other are the unique features in Orissa. In addition, the bountiful forest resources and agricultural products provide ample scope for the development of forest-based and agro-based industries.

The major industries of the state include cement, aluminum, ceramic glass, chemical, fertilizer, heavy water, aeronautical industry, and Agri-based industries such as cotton textiles, sericulture, sugar mills and rice mills.

Compendium of Investment Projects

Odisha is fast emerging as the manufacturing hub of the East in India through its industry-friendly environment and policy framework. With a rich maritime trade history and one of the largest major ports of the country at Paradip, Odisha is the eastern gateway to the ASEAN region.

The State has been a well-known mineral hub of the country. In the recent past, the State has undertaken a series of initiatives to broad-base the industrial development by attracting investments across diversified sectors with significant potential. My Government has launched Odisha Industrial Development Plan: Vision 2025 with focused attention on 5 sectors which aims to attract investments to the tune of Rs. 2.5 lakh crore and generate direct & indirect employment opportunities for 30 lakh people.

Project: – Which Business is best in Odisha (Orissa)?

On the back of these initiatives, numerous opportunities for investments have opened up for investors across different sectors. This compendium includes key features of investment projects in sectors and areas including industrial parks, textiles, healthcare, logistics, transport, information technology, electronics manufacturing, food processing, urban infrastructure, smart city, chemicals, petrochemicals, plastics, energy, tourism and downstream industries.

Odisha aims to emerge as one of the country’s top three startup hubs by 2020, and to facilitate at least 1,000 startups over the next five years. To encourage entrepreneurship in Odisha, the State government provides three types of funding – a monthly sustenance allowance of Rs 20,000 per month, monetary assistance up to Rs 15 lakh for new product development and marketing, and need-based funding.

Related Projects: – Business Ideas for Bhubaneswar, Cuttack, Rourkela, Brahmapur, Sambalpur, Puri, Balasore, Bhadrak, Baripada, Jharsuguda, Bargarh, Dhenkanal, Barbil, Angul, Jajpur. Business Opportunities in Odisha (Orissa).

Project Opportunities in Orissa:-

1. Mineral Water
2. Mosquito Coils (Automatic Plant)
3. Modern Bakery Unit
4. Mayonnaise – Manufacturing Plant
5. Mishri (sugar Candy)
6. Maize And It’s By Products
7. Moringa Oleifera (drumstick) Powder
8. Multiplex Cinema Hall (84+84 Seats Double Screen)
9. Multiplex Cinema Hall (164 Seats Single Screen)
10. Multiplex Cinema Hall (108+108 Seats Double Screen)
11. Non-Woven Fabric
12. Non-dairy Whipping Cream
13. Pan Chutney
14. Petroleum Distillation Plant (Oil Distillation Refinery Plant)
15. Petroleum Coke
16. Pickles (Various Types)
17. Plastic (P.V.C.) Laminated Collapsible Tubes
18. Power Transformer
19. PVC & XLPE Cables
20. Plastic Crates
21. Pasta And Macaroni
22. Power Generation From Garbage
23. PPR Pipes
24. Production Of Paracetamol (acetaminophen)
25. Paracetamol Used Phenol As Building Block
26. Paracetamol
27. Potato Flakes
28. Potato Powder, Flakes & Granules With Cold Storage
29. Polyester Fiber From Corn/starch
30. Polylactic Acid (PLA) From Lactic Acid
31. Pearl Sugar Candies / Candy
32. Pan Masala Sada, Meetha & Zarda
33. Potato Products (potato Balls, Nuggets And French Fries)
34. Ready to Eat Food (Retort Packing)
35. Roller Flour Mill (with Color Sorter)
36. Rubber Compound Toys (using Plaster of Paris)
37. Rocking Chairs
38. Rice Milling Unit
39. Ropes
40. Rice Flakes And Puffed Rice
41. Ready To Eat Food (rte)
42. Restaurant With Microbrewery
43. Sanitary Napkin (Low Investment Project)
44. Spices (100 % EOU)
45. Spices (turmeric, Chilli & Masala Powder)
46. Surgical Cotton & Bandages
47. Spice Powder (turmeric, Chilli, Pepper, Coriander And Cumin Powder)
48. Seafood
49. Surgical & Examination Latex Rubber Gloves
50. Stable Bleaching Powder
51. Sodium Hypochlorite (bleach Liquor)
52. Solar Pump
53. Solar Power Plant
54. Solar Cell
55. Solar Photovoltaic (pv) Modules Assembling Plant (10 Mw)
56. Solar Photovoltaic-a Viable Future Alternative Of Renewable Energy
57. Solar Photovoltaic Power Plant
58. Solar Panel
59. Solar Panel Assembling & Solar Power Inverter On Grid, Off Grid With Solar Pump Controller
60. Soyabean Products (soya Milk, Soya Paneer & Soya Extract)
61. Vanatian Blinds
62. Textile Industry (cotton Fabric)
63. Thermocol Cups, Glass and Plates
64. TMT Bars
65. Turmeric and Ginger Oil
66. Tomato Paste
67. Tooth Brushes
68. Three Star Hotel
69. Tourism And Hospitality Sector
70. Water Treatment Chemicals (R.O., Boiler and Cooling Tower)
71. Woven Sack
72. Woven Jumbo Bag/Flexible Intermediate Bulk Containers
73. Warehouse
74. Wind Mill
75. Whole Wheat Processing Unit To Extract Vwg And Starch Milk To Fermentation For Ethanol
76. Water Park
77. Zinc Sulphate (Agriculture Grade)

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