The State of Odisha inherent to its location and natural resources has tremendous potentialities to create ample opportunities in small businesses in various sectors. It is located between the parallels of 17027’N and 22034’N Latitudes and Meridians of 81027’E and 87029’E longitudes.
It has a coastline of about 480 kms. Administratively it has 30 districts, 3 Revenue Divisions, 58 sub divisions, 51061 villages and 127 urban centers.
Odisha’s economy continues to be on a high growth trajectory. Diversification of economic activities has led to a visible structural shift from an agriculture based economy to an industry-led and service-led economy in Odisha. The State economy has witnessed high growth rates during the last decade. In real terms and at 1999-2000, Odisha reported an average annual growth rate of 9.51 percent for the 10th Five Year Plan against a target of 6.20 percent. The economy grew in real terms at 2004-05 at the rate of 8.23 percent during the 11th Five Year Plan.
Growth story of Odisha:
- 20% of the Steel Making capacity of India
- More than 50% Aluminium Smelting capacity of India
- One of the Power Surplus States on the path to become the Power House of India
- Odisha has been one of the top three States for attracting investment in the last decade in India
- The economy of Odisha has grown @ average 9.00 % in the last decade, higher than national growth rate
- The capacity addition in various key sectors in the last decade has ranged from 3.5 to 12 times
- Odisha achieved the highest poverty reduction in the country during 2004-2010 (20.2 percentage points)
- The literacy rate of Odisha has increased by 10 percentage points from 63.08 percent in 2001 to 73.45 percent in 2011
- Odisha has a rich cultural heritage and offers fascinating tourist attractions, including a myriad of monuments, beach resorts, eco-tourism, adventure tourism, flora and fauna and national parks and sanctuaries. Most tourists to Odisha come from West Bengal and Andhra Pradesh. During 2010-11, they constituted 14 percent and 3.50 percent of all tourists respectively from India, including those from Odisha. France, UK and USA were the major tourist generating markets from overseas during 2011, and nearly 54 percent foreign tourists came from Western Europe.
Policy Initiatives:
- Draft Odisha Industrial Policy 2014
- Odisha Industry Facilitation Act 1994
- Public –Private – Partnership(PPP) Policy for infrastructure development in the State
- New ICT policy for promotion of IT / ITES & Hardware Industry in the State
- State Agriculture Policy 2013
- Odisha MSME development Policy 2009
The ICC Odisha State office has been working pro-actively towards creating a conducive and sustainable environment to enable social, industrial and economic growth of the state through policy advocacy and consulting services. ICC Odisha State Office has also taken various initiatives with a view to extend all possible services to our Members and Industry Players to enhance their competitiveness. The ICC Odisha State Office, has been functioning efficiently, and building meaningful synergies among Industry and Government by addressing strategic issues of regional and national significance.
