Odisha Unveils ₹1,200 Crore Industries Budget for 2026–27 to Boost Growth and Jobs

The Odisha Government has presented the Budget Estimates for the Industries Department for the financial year 2026–27, focusing on accelerating industrial growth, attracting investments, and creating large-scale employment opportunities. The budget was presented in the Odisha Legislative Assembly and aligns with the state’s long-term vision of ‘Viksit Odisha 2036’.

Focus on Investment and Industrial Growth

While presenting the budget, the state’s Industries Minister highlighted the crucial role of the department in driving Odisha’s economic progress. The government aims to strengthen investment promotion, improve industrial infrastructure, and implement progressive policy frameworks to make Odisha an attractive destination for investors.

In the past year, Odisha expanded its investment outreach through major industry platforms such as Utkarsh Odisha – Make in Odisha Conclave 2025, Odisha-Tex 2025, the Odisha Pharma Summit, and Enterprise Odisha held in Rourkela.

Major Investment Proposals and Employment Opportunities

The state’s industrial momentum has gained significant traction. In 2025, the government inaugurated and grounded 80 industrial projects with a combined investment of over ₹1.78 lakh crore, generating employment opportunities for more than 1.43 lakh people.

During the Utkarsh Odisha – Make in Odisha Conclave 2025, the state received 593 investment proposals worth ₹16.73 lakh crore, with the potential to create nearly 12.88 lakh jobs across 20 sectors.

Since June 2024, the State Level Single Window Clearance Authority (SLSWCA) and High-Level Clearance Authority (HLCA) have approved 392 projects involving investments of ₹8.15 lakh crore, expected to generate over 5.05 lakh jobs.

Key Budget Allocations for Industrial Infrastructure

The government has proposed ₹1,200 crore under programme expenditure and ₹7.29 crore for establishment and operational costs in FY 2026–27.

Key allocations include:

• ₹243 crore for industrial workers’ hostels under SIDBI Cluster Development Programme and Deen Dayal Karmachari Niwas

• ₹160 crore for the Industrial Infrastructure Maintenance Fund (IIMF)

• ₹150 crore for the Industrial Infrastructure Development Fund (IIDF) to support external infrastructure such as pipelines and power supply

Additionally, ₹125 crore has been allocated for the Make in Odisha initiative and ₹101.72 crore for the Land Bank scheme to ensure ready-to-use land for industries.

Sector-Specific Development Initiatives

The budget also emphasizes sector-focused development. Key provisions include ₹90 crore for expansion of the Aluminium Park in Angul, ₹40 crore for the Industrial Corridor project, and ₹45 crore for redevelopment of Kalinga Studio and support to the Odisha Film Development Corporation.

Other allocations include ₹22 crore for textile parks, ₹20 crore for Mega Food Parks, and ₹15 crore for the Plastic Park at Paradip.

Strengthening Odisha’s Industrial Ecosystem

New initiatives include the development of the Odisha Rare Earth Mineral Corridor and industrial townships near major industrial clusters. The government also plans to strengthen investment facilitation through District Investment Promotion Agencies across all districts.

Officials said these initiatives will help build a robust, investor-friendly industrial ecosystem while ensuring sustainable economic growth and employment generation in line with the vision of ‘Viksit Odisha 2036’.