In the first quarter of 2025, Odisha emerged as a leader in private capital expenditure (capex) in India, according to data from the Centre for Monitoring Indian Economy (CMIE). While new private sector project announcements nationwide reached a four-quarter low, Odisha’s investments more than doubled year-on-year, totaling ₹3.5 lakh crore. This surge underscores the state’s growing prominence as an industrial and investment hub.

The momentum is further bolstered by Odisha’s robust policy framework. The state has approved major industrial projects, including a ₹1.15 lakh crore initiative in Jajpur and ₹28,084 crore worth of projects in Ganjam, focusing on sectors like steel, green hydrogen, solar energy, and agro-processing. These ventures are expected to generate tens of thousands of jobs and attract global investors.

Additionally, the state has committed to a ₹1,113 crore biotechnology development scheme and a ₹6,000 crore urban infrastructure plan, reinforcing its vision to become a knowledge-driven economy and a top investment destination.

With its strategic investments, policy support, and infrastructure development, Odisha is poised to continue leading India’s private capex cycle in the coming quarters.

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