Odisha will become a USD 500 billion economy in the next decade
October 17, 2026
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Home Bharat

Odisha will become a USD 500 billion economy in the next decade: CM Mohan Majhi

Odisha Chief Minister Mohan Charan Majhi inaugurated the ‘Samruddha Odisha 2036 Conclave’, stating that the State is entering a major industrial transformation. He outlined a roadmap to grow Odisha’s USD 120 billion economy to USD 500 billion by 2036, focusing on infrastructure, industry, and skill development. The CM noted that over Rs 2 lakh crore in investments and 84 grounded projects are set to create 1.64 lakh jobs across the State

Dr Samanwaya NandaDr Samanwaya Nanda
Nov 26, 2025, 10:00 am IST
inBharat, Odisha
At the ‘Samruddha Odisha 2036 Conclave’, organized by the Utkal Chamber of Commerce and Industry at Janata Maidan, Chief Minister Shri Mohan Charan Majhi

At the ‘Samruddha Odisha 2036 Conclave’, organized by the Utkal Chamber of Commerce and Industry at Janata Maidan, Chief Minister Shri Mohan Charan Majhi

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Bhubaneswar: Odisha Chief Minister Mohan Charan Majhi inaugurated the ‘Samruddha Odisha 2036 Conclave’ on November 25, organised by the Utkal Chamber of Commerce & Industry Limited (UCCIL). He asserted that Odisha is on the verge of a true industrial revolution that will significantly alter the State’s direction and destiny in the years to come.

In his address, the Chief Minister presented a roadmap for a prosperous Odisha, stating that the State’s economy, currently valued at around USD 120 billion, has the potential to reach USD 500 billion by 2036. “To achieve this target, Odisha must register nearly five-fold growth within the next 10–11 years. We are therefore focusing strongly on infrastructure development, industrial expansion, and skill development,” he explained.

CM Majhi highlighted that over Rs 2 lakh crore worth of industrial investments have already been initiated, with 84 projects inaugurated. These initiatives are expected to generate more than 1.64 lakh employment opportunities across the State.

Also Read: Ghar Wapsi in Odisha: 17 vanvasi families in Malkangiri return to Sanatan fold after being influenced by missionaries

He noted that major industrial groups such as Vedanta, Adani, JSW, Indian Oil, and Zoho have large-scale investment proposals in the pipeline. Significant investment is also flowing into sectors like textiles and green energy. The Chief Minister added that both the Central and State governments, working as a “double engine,” are enhancing the infrastructure ecosystem across roads, railways, ports, and airports to ensure faster industrial growth.

Majhi acknowledged the proactive support of industry bodies like UCCIL in bolstering Odisha’s industrial landscape. “The combined efforts of the Government and the industry will pave the way for a truly prosperous Odisha,” he said.

The Chief Minister further stated that Bhubaneswar is being developed into a major technology hub. He informed attendees that new fintech and insurtech companies are establishing operations in the capital city, and two semiconductor units have already been set up. The Capital Region Ring Road project, he noted, will significantly enhance the Cuttack–Bhubaneswar twin-city corridor. “We are committed to transforming Bhubaneswar into a mega tech city of the Eastern region,” he added.

Speaking at the event, Industry and Skill Development Minister Sampad Chandra Swain remarked that the State Government has emerged as a people-centric administration within one year, positioning Odisha as a land of immense opportunities. He credited the Chief Minister for initiating a new wave of industrial development in the State.

During the program, the Chief Minister unveiled UCCIL’s special publication ‘Samruddha Odisha 2036’.

Among those present were Chief Secretary Manoj Ahuja, Additional Chief Secretary (Industries) Hemant Sharma, UCCIL President Dr. Prabodh Mohanty, Organising Committee Chairman Dr. Brahma Mishra, DRDO DG (Electronics & Communication Systems) Dr. B.K. Das, MGM Minerals CMD and UCCIL Additional Director Pankaj Lochan Mohanty, Essar Minmet Ltd MD and UCCIL Additional Director Shashi Sekhar Mohanty, Hindalco Industries President (Corporate Affairs) and UCCIL Additional Director Ardhendu Mahapatra, along with leading industrialists from various sectors.

Topics: Odisha Chief Minister Mohan Charan MajhiUSD 500 Billion EconomyUtkal Chamber of Commerce & Industry LimitedUCCILOdisha
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