Bhubaneswar: Industries Minister Sampad Swain on Friday said the key role of the Industries Department is to strengthen the State’s economy.
The minister presented the Budget Estimates for the Industries Department for the financial year 2026–27, focusing on accelerating industrial growth, attracting investments, and generating large-scale employment.
The Odisha Legislative Assembly later passed the budget, according to a government release.
Later, speaking to reporters, Swain said the department continues to promote investment, develop industrial infrastructure, facilitate projects, and implement progressive policies to support industrial growth.
He said Odisha expanded its investment outreach during the past year through several national engagements and industry platforms, including Odisha-Tex 2025, the Odisha Pharma Summit, and Enterprise Odisha in Rourkela.
During 2025, the Government of Odisha grounded and inaugurated 80 industrial projects with a combined investment of more than Rs 1.78 lakh crore. These projects are expected to generate employment for over 1.43 lakh people.
The latest edition of Utkarsh Odisha – Make in Odisha Conclave 2025 received 593 investment proposals with an investment intent of Rs 16.73 lakh crore and employment potential of nearly 12.88 lakh jobs across 20 sectors.
Since June 2024, the State Level Single Window Clearance Authority and the High-Level Clearance Authority have approved 392 projects involving a proposed investment of Rs 8.15 lakh crore and employment potential of more than 5.05 lakh jobs.
The State’s regulatory reforms have also received national recognition. Odisha has been ranked a “Top Achiever” in the Business Reform Action Plan by the Department for Promotion of Industry and Internal Trade under the Government of India.
To strengthen industrial infrastructure, the government is developing and upgrading industrial estates, external infrastructure projects, industrial corridors, and sector-specific parks. These include new food parks, textile parks in Khordha district, expansion of the Aluminium Park at Angul, and the Plastic Park at Paradip.
For FY 2026-27, the government has proposed programme expenditure of Rs 1,200 crore and Rs 7.29 crore for establishment and operational costs.
Key allocations include Rs 243 crore for industrial workers’ hostels under the SIDBI Cluster Development Programme and Deen Dayal Karmachari Niwas, Rs 160 crore for the Industrial Infrastructure Maintenance Fund, and Rs 150 crore under the Industrial Infrastructure Development Fund for external infrastructure such as pipelines and power supply.
The budget also provides Rs 125 crore for Utkarsh Odisha – Make in Odisha initiatives and Rs 101.72 crore under the Land Bank scheme to ensure ready-to-use land for industrial projects.
Sector-specific allocations include ₹90 crore for the expansion of the Aluminium Park at Angul, ₹40 crore for the development of an industrial corridor, and Rs 45 crore for the redevelopment of Kalinga Studio, along with grants to the Odisha Film Development Corporation.
The government has also allocated Rs 22 crore for textile parks, Rs 20 crore for mega food parks, and Rs 15 crore for the Plastic Park at Paradip.
Officials said the State’s industrial strategy aligns with the vision of Viksit Odisha 2036, which aims to transform Odisha into a prosperous and industrially advanced economy while generating large-scale employment.
