{"id":16948,"date":"2024-11-18T10:25:48","date_gmt":"2024-11-18T10:25:48","guid":{"rendered":"https:\/\/niir.org\/blog\/?p=16948"},"modified":"2025-01-17T13:03:18","modified_gmt":"2025-01-17T13:03:18","slug":"doing-business-and-investing-in-odisha","status":"publish","type":"post","link":"https:\/\/www.niir.org\/blog\/doing-business-and-investing-in-odisha\/","title":{"rendered":"Doing Business and Investing in Odisha"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Odisha, located in the eastern part of India, is a state known for its seaside. This state has attracted businesses and investing in Odisha. Given its strategic positioning, rich in natural resources, and pro-business state policies, Odisha provides an environment that is favorable for growth and development.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_87_1 counter-hierarchy ez-toc-counter ez-toc-white ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.niir.org\/blog\/doing-business-and-investing-in-odisha\/#Strategic_Advantages_of_Investing_in_Odisha\" >Strategic Advantages of Investing in Odisha<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.niir.org\/blog\/doing-business-and-investing-in-odisha\/#Gateway_to_ASEAN_Markets\" >Gateway to ASEAN Markets<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.niir.org\/blog\/doing-business-and-investing-in-odisha\/#Mineral_Wealth\" >Mineral Wealth<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.niir.org\/blog\/doing-business-and-investing-in-odisha\/#Key_Sectors_for_Investment\" >Key Sectors for Investment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.niir.org\/blog\/doing-business-and-investing-in-odisha\/#Manufacturing\" >Manufacturing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.niir.org\/blog\/doing-business-and-investing-in-odisha\/#Food_Processing\" >Food Processing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.niir.org\/blog\/doing-business-and-investing-in-odisha\/#Information_Technology\" >Information Technology<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.niir.org\/blog\/doing-business-and-investing-in-odisha\/#Semiconductor_Manufacturing\" >Semiconductor Manufacturing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.niir.org\/blog\/doing-business-and-investing-in-odisha\/#Ease_of_Doing_Business_in_Odisha\" >Ease of Doing Business in Odisha<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.niir.org\/blog\/doing-business-and-investing-in-odisha\/#Single_Window_Clearance_System\" >Single Window Clearance System<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.niir.org\/blog\/doing-business-and-investing-in-odisha\/#Online_Application_Process\" >Online Application Process<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.niir.org\/blog\/doing-business-and-investing-in-odisha\/#Three-Tier_Clearance_Mechanism\" >Three-Tier Clearance Mechanism<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.niir.org\/blog\/doing-business-and-investing-in-odisha\/#GO_SWIFT_Portal\" >GO SWIFT Portal<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.niir.org\/blog\/doing-business-and-investing-in-odisha\/#Investment_Incentives\" >Investment Incentives<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.niir.org\/blog\/doing-business-and-investing-in-odisha\/#Skilled_Workforce\" >Skilled Workforce<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.niir.org\/blog\/doing-business-and-investing-in-odisha\/#Recent_Developments\" >Recent Developments<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.niir.org\/blog\/doing-business-and-investing-in-odisha\/#Startup_Ecosystem\" >Startup Ecosystem<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.niir.org\/blog\/doing-business-and-investing-in-odisha\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Strategic_Advantages_of_Investing_in_Odisha\"><\/span><b>Strategic Advantages of Investing in Odisha<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"Gateway_to_ASEAN_Markets\"><\/span><b>Gateway to ASEAN Markets<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400\">Odisha\u2019s eastern coast measuring 480 km and the presence of certain major ports notably Paradip, the biggest port in Eastern India, makes the state serve as a gateway to ASEAN countries. The favorable geographical position allows businesses to reap benefits from easy access to trade hubs in South East Asia, which in turn provides a ready market for goods that industries produce and export.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><strong>For more information Visit: <\/strong><a href=\"https:\/\/www.entrepreneurindia.co\/page\/odisha-india\/\">Start an Industry in Odisha<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Mineral_Wealth\"><\/span><b>Mineral Wealth<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400\">The state has large mineral deposits such as:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">28% of indian iron ore,<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">24% of coal,,<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">59% of bauxite,<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">98% of chrome deposit.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">This rich resource base has seen many mining and metal expanding companies come to the state making it a center for the mineral based industries.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Sectors_for_Investment\"><\/span><b>Key Sectors for Investment<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"Manufacturing\"><\/span><b>Manufacturing<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400\">Manufacturing sector in the state of Odisha accounts for 31% of the total state economy. Government has taken several steps even to increase the acceleration of manufacturing, some of them are:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Policies in regard to some industries\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Establishment of Industrial Estates<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Human Resource Development<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Related Article: <\/span><a href=\"https:\/\/niir.org\/blog\/wp-content\/uploads\/2020\/11\/Invest-Odisha-Investment-Opportunities-in-Odisha.pdf\"><span style=\"font-weight: 400\">Investment Opportunities in Odisha (Orissa). List of 25 &#8230;<\/span><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Food_Processing\"><\/span><b>Food Processing<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400\">The government of Odisha has recognized this potential in food processing and thus has included it in the list of six target sectors. Further, the state government rolled out a new Food Processing Policy in 2022 that promised better incentives to potential investors for investing in Odisha including full taxation holidays. Some of these companies including ITC, Coca Cola, Britannia and Parle have already come up with their bases in the state.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Information_Technology\"><\/span><b>Information Technology<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400\">Odisha is making an effort to become one of the leading IT centers in the country. The state capital, Bhubaneswar is the operational headquarters for top IT firms like Infosys, TCS, IBM, and Tech Mahindra. Odisha IT Policy 2022 is also very aggressive in offering benefits and encourages and focuses on investing in Odisha for developing emergent technologies like AI and cloud computing.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Semiconductor_Manufacturing\"><\/span><b>Semiconductor Manufacturing<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400\">In a bid to implement a semiconductor policy within the state, the Semiconductor Manufacturing and Fabless Policy-2023 attracts state in attractive offers. The central government has taken initiatives to bring semiconductor manufacturers to India.<\/span><\/p>\n<p><b>Project report: <\/b><a href=\"https:\/\/www.niir.org\/profile-project-reports\/profile\/4759\/startup-business-ideas-in-odisha-orissa.html\"><span style=\"font-weight: 400\">Start Business Ideas in Odisha\u00a0<\/span><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ease_of_Doing_Business_in_Odisha\"><\/span><b>Ease of Doing Business in Odisha<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400\">Odisha has made significant strides in improving its business environment. The state has implemented several reforms to enhance ease of doing business:<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Single_Window_Clearance_System\"><\/span><b>Single Window Clearance System<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400\">The state came up with a Single Window Clearance system in the Odisha Industries (Facilitation) Act 2004. This allows investors to contact and investing in Odisha with only one authority for all the clearances and permissions required to establish and run an industry.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Online_Application_Process\"><\/span><b>Online Application Process<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400\">All the departments and authorities have devised a Combined Application Form (CAF) to be used for clearances and approvals. This form helps in quick application and reduction of the burden of bureaucracy.<\/span><\/p>\n<p><strong>Related Database on: <\/strong><a href=\"https:\/\/www.niir.org\/books\/book\/odisha-orissa-india-business-industrial-directory-database-list-companies-small-medium-enterprises-sme-industries-xlsx-excel-format-4th-edition\/zb,,18ba6,a,0,0,a\/index.html\">Odisha (Orissa, India) &#8211; Business, Industrial Directory, Database, List of Companies, Small &amp; Medium Enterprises (SME) &amp; Industries [.xlsx, excel format] 4th edition<\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Three-Tier_Clearance_Mechanism\"><\/span><b>Three-Tier Clearance Mechanism<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400\">Odisha has put in place a three tier system of single window clearance.<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">High Level Clearance Authority (HLCA) chaired by Chief Minister<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">State Level Single Window Clearance Authority (SLSWCA) chaired by Chief Secretary<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">District Level Single Window Clearance Authority (DLSWCA) present in all the districts.\u00a0<\/span><\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"GO_SWIFT_Portal\"><\/span><b>GO SWIFT Portal<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400\">The Government of Odisha &#8211; Single Window for Investor Facilitation and Tracking (GO SWIFT) enables submission of applications and payments, prevents approving authority calendar dates from interference, and issues approved certificates for 32 industrial services across 14 departments.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Investment_Incentives\"><\/span><b>Investment Incentives<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400\">The state of Odisha provides a number of incentives to investors for investing in Odisha:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Land allotment in industrial areas at lesser rates compared to the general industrial rates<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">No premium required to be paid during the registration of the Land<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Out of the Land Cost for New Industrial Units in Thrust Sectors Creating Over a Thousand Employment Opportunities for the Residents of the State in Odisha \u2013 50% Reduction in the Land Cost<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Related Article: <\/span><a href=\"https:\/\/www.niir.org\/profile-project-reports\/profiles\/best-business-opportunities-in-odisha-orissa-identification-selection-right-project-thrust-areas-for-investment-industry-startup-entrepreneurship-projects\/z,,95,9ce,a\/beta\/user\/join.phtml\"><span style=\"font-weight: 400\">Best Business Opportunities in Odisha (Orissa)- Identification &#8230;<\/span><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Skilled_Workforce\"><\/span><b>Skilled Workforce<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Odisha government has set up the Odisha Skill Development Authority. OSDA is dedicated to ensuring that skill development is aligned with industry needs and driven by demand. It focuses on the industries and investments taking place within Odisha&#8217;s economy. A significant emphasis is placed on technical education by OSDA. Each year, the state produces 1,78,404 technical graduates.<\/p>\n<p>Odisha is home to several globally recognized universities and technical institutions. The state generates a surplus of skilled manpower suitable for various industries. These skilled graduates are well-equipped to meet the diverse requirements of different sectors. OSDA works to align the skills of the workforce with the changing demands of industry. Odisha is committed to supporting industries by developing a strong, skilled, and adaptable workforce.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Recent_Developments\"><\/span><b>Recent Developments<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400\">The Department for Promotion of Industry and Internal Trade (DPIIT) has awarded Odisha the status of an \u2018Achiever\u2019 state during the Business Reforms Action Plan (BRAP) 2020 assessment report.. The rise in ranking shows that the state is working towards improving the business environment.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Startup_Ecosystem\"><\/span><b>Startup Ecosystem<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400\">Odisha has nurtured a vibrant startup ecosystem with more than 1550 startups functioning and investing in Odisha in multiple sectors such as Agritech, IT, AI, Healthcare, Fintech and Bio-Technology. States provides host through:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">21 venture based funded startups<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">140 seed based funded startups<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">75 E-Cells<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">93 Incubatees<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Youtube Video: <\/span><a href=\"https:\/\/www.youtube.com\/watch?v=2vF3rvFt1M8\"><span style=\"font-weight: 400\">Top 77 Business Plans for Startup | Odisha | Orissa. Business Ideas for Starting Your Own Business.<\/span><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><b>Conclusion<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400\">Odisha makes a strong case for businesses and investors who are planning to extend their operations or set up new ones in India. The state has a strategic location, good availability of resources, pro-business attitude as well as a focus on critical growth verticals which make it ideal for enduring growth. The initiatives being undertaken in Odisha to ease the process of doing business and attract investment are bound to make the state emerge as an economic hub in eastern India.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"Odisha, located in the eastern part of India, is a state known for its seaside. This state has&hellip;","protected":false},"author":1,"featured_media":17183,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":9,"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","footnotes":""},"categories":[15706,15721,39],"tags":[854,15844],"industry":[12286],"class_list":["post-16948","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business-ideas","category-business-ideas-in-india","category-business-opportunities","tag-businessodisha","tag-odisha","industry-business-plan","cs-entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Doing Business and Investing in Odisha - Niir Project Consultancy Services<\/title>\n<meta name=\"description\" content=\"Discover the vast opportunities for doing business and investing in Odisha, India\u2019s gateway to ASEAN markets.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.niir.org\/blog\/doing-business-and-investing-in-odisha\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Doing Business and Investing in Odisha - 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