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SUN TEMPLE AT KONARK, ODISHA ODISHA SCENIC . SERENE . SUBLIME For updated information, please visit www.ibef.org March 2019 Table of Content Executive Summary .…………….…….…....3 Introduction ……..………………………...….4 Economic Snapshot ……………….….…….9 Physical Infrastructure ………..……...........15 Social Infrastructure ...................................23 Industrial Infrastructure ……..……….........26 Key Sectors ………….………………..…...29 Key Procedures & Policies………………...37 Annexure.………….……..…........................50 EXECUTIVE SUMMARY . The state’s economy witnessed high growth rates between 2011-12 and 2017-18, with GSDP of the state Strong economy growing at a CAGR of 10.30 per cent. Cumulative FDI inflows in the state, during April 2000 to December 2018, amounted to US$ 504 million. Odisha has emerged as a key state with regards to the mineral and metal based industries. At 34.3 per Strong mineral cent in 2017-18, Odisha contributed the largest share of mineral production in India in terms of value*. production Value* of minerals produced in the state reached Rs 200.92 billion (US$ 3.12 billion) in 2017-18. Strong growth in MSME . The state is home to a large number of MSME units. The state is amongst the top ten states accounting for units the highest number of MSME enterprises. Odisha is the first state in India to have undertaken reform and restructuring initiatives in the power sector. Strong power sector As of February 2019, the state had a total installed power generation capacity of 7,649.12 MW. Source: Economic Survey of Odisha, CAGR – Compound Annual Growth Rate; GSDP – Gross State Domestic Product, Updated data for GSDP is expected in Economic Survey of Odisha Note: *Excluding fuel minerals, atomic minerals and minor minerals 3 ODISHA For updated information, please visit www.ibef.org ODISHA INTRODUCTION FACT FILE . Odisha has 3 major seasons, summer (March to June), monsoon (July-September) & winter (October-February). Parameters Odisha Capital Bhubaneswar Geographical area (lakh sq. km) 155,707 Administrative districts (No) 30 Population density (persons per sq. km) 270 Total population (million) 41.97 Male population (million) 27.1 Source: Maps of India Female population (million) 25.5 . Odisha is located in the eastern region of India. The state shares its Sex ratio (females per 1,000 males) 979 borders with West Bengal in the north-east, Jharkhand in the north, Andhra Pradesh in the south, Chhattisgarh in the west & the Bay of Literacy rate (%) 75.5 Bengal in the east. Male Literacy rate (%) 83.2 . Languages spoken in the state are Oriya & its various dialects, Hindi & English. Female Literacy rate (%) 67.8 . Bhubaneswar, Mayurbhanj, Baleshwar, Khordha & Sundargarh, Ganjam, Cuttack are some of the large cities in terms of population. Source: Census 2011, Economic Survey of Odisha 2017-18 5 ODISHA For updated information, please visit www.ibef.org ADVANTAGE High economic growth Policy, fiscal incentives and initiatives . The state’s GSDP grew at a Compound Annual Growth . The state offers a wide range of fiscal and policy Rate (CAGR) of 10.30 per cent between 2011-12 and incentives for businesses under the Industrial 2017-18. Policy Resolution, 2007. The tertiary sector was the major contributor to the . Additionally, the state has sector-specific policies state’s GSDP with contribution of 45.25 per cent during for IT and micro, small and medium enterprises. 2017-18. The state government has constituted ‘Team Odisha’ to help with investment promotion. Advantage Odisha Rich labour pool Facilitating infrastructure . The state has a literacy rate of 72.87 per cent, in . Odisha has a up to date social, physical and line with the national average. industrial infrastructure. The state government has been undertaking various infrastructural . Furthermore, the state has a large pool of semi- projects to boost the infrastructure of the state. skilled and unskilled labour. As per state budget 2018-19, US$ 811.24 million has been allocated for the railway infrastructure development. Note: Updated data for GSDP is expected in Economic Survey of Odisha Source: Economic Survey of Odisha, Central Statistics Office 6 ODISHA For updated information, please visit www.ibef.org VISION 2022 . To develop industrial parks with . To improve rural healthcare system, quality infrastructure, to encourage to provide quality emergency micro-enterprises as ancillaries and healthcare facilities, to patronise to pave the way for cost & health insurance, to imbibe health technology orientation by and hygiene content in education encouraging competition. system, etc. To enhance the use of . To improve connectivity by Information Technology (IT) increasing road and rail density to ensure transparency and Health Industrial and to improve passenger speed. development services. To minimize interface between . To provide universal access to Govt. services public and government for power, irrigation and to improve and Infrastructure dealings. urban infrastructure as well. administration Vision 2022 Growth and well- . To protect historical monuments Tourism & culture being . To frame concerted strategies to through proper renovation. address various issues of . To nurture and promote classical unemployment and rural well being. music, dance and literature. Agriculture Education & skill . To bring about growth with equity. development . To improve the productivity of the sector, to encourage modern . To foster technical and vocational agricultural practices, to bring education and skill development insurance schemes for farmers programmes. against natural disasters, etc. To establish educational townships. Source: Confederation of Indian Industry 7 ODISHA For updated information, please visit www.ibef.org ODISHA IN FIGURES Odisha’s Contribution to Indian Economy (2017-18) Physical Infrastructure in Odisha Parameter Odisha India Parameter Odisha India GSDP as a percentage of all Installed power capacity 2.5 100.0 7,649.12 350,162.48 states’ GSDP (MW) (February 2019)* GSDP growth rate (%) 10.28 9.8 Wireless subscribers (No) 33,293,620 1,181,971,713 (as of January 2019) Per capita GSDP (US$) 1,438.74 1,456.76 Internet subscribers (Mn) 13.25 560.01 Social Indicators (as of September 2018) National highway length 5,762 132,499 Parameter Odisha India (km) Literacy rate (%) 72.87 73.0 Major and minor ports 1+2 13+187 (No) Birth rate (per 1,000 18.6 20.4 population) Airports (No) 2 129 Industrial Infrastructure Investments (as of December 2018) Parameter Odisha India Parameter Odisha India Operational PPP projects (No) 14 902 Cumulative FDI equity inflows 0.504 409.268 Operational SEZs (No) since April 2000 (US$ billion) 5 213 (January 2019) Source: Telecom Regulatory Authority of India Note: GSDP, per capita GSDP figures are taken at current prices, exchange rates used is average of 2017-18 i.e. 64.45, For source refer to Annexure , * FY 2018-19 8 ODISHA For updated information, please visit www.ibef.org ODISHA ECONOMIC SNAPSHOT ECONOMIC SNAPSHOT – GSDP GSDP at current prices GSDP per capita at current prices CAGR 10.30% CAGR 9.19% 70.00 4.5 1,600 100000 4 90000 60.00 1,400 4.16 80000 64.54 3.5 1,200 50.00 3.77 70000 1,438.74 3 92,727.00 56.22 3.31 1,000 84,936.00 51.39 60000 3.14 40.00 50.55 1,266.00 49.00 2.5 2.96 48.17 48.06 1,180.85 75,262.00 1,149.74 800 1,140.94 50000 1,137.40 1,126.87 72,209.00 2.62 2 30.00 68,813.00 2.31 600 40000 1.5 61,358.00 20.00 54,708.00 30000 1 400 20000 10.00 0.5 200 10000 0.00 0 0 0 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2012-13 2011-12 2013-14 2014-15 2015-16 2016-17 2017-18 US$ billion Rs trillion US$ RS . At current prices, the Gross State Domestic Product (GSDP) of . Odisha’s per capita Gross State Domestic Product (GSDP) in 2017- Odisha stood at about Rs 4.16 trillion (US$ 64.54 billion) in 2017-18. 18F was estimated at about Rs 92,727.00 (US$ 1,483.74). The state’s GSDP grew at a CAGR of 10.30 per cent between 2011- . Per capita GSDP of the state grew at a CAGR of 9.19 per cent 12 & 2017-18. between 2011-12 and 2017-18. Note: Exchange rates used are averages of each year, provided on page 52, Update is expected in Economic Survey of Odisha Source: Directorate of Economics & Statistics of Odisha, Central Statistical Organisation NSDP# -Odisha Socio Economic Survey 2017-18 10 ODISHA For updated information, please visit www.ibef.org ECONOMIC SNAPSHOT – NSDP NSDP at current prices NSDP per capita at current prices CAGR 10.08% CAGR 8.97% 60.0 4 1,400 90000 3.5 80000 50.0 1,200 56.37 3.63 3 70000 1,000 3.30 49.14 40.0 1,256.65 60000 2.5 80,991.00 45.61 2.89 44.09 43.56 43.29 2.75 800 42.96 74,234.00 1,106.48 50000 2.61 30.0 2 1,033.08 1,008.76 1,004.65 1,002.90 1,001.22 65,650.00 2.33 600 63,173.00 40000 60,574.00 2.04 1.5 20.0 54,703.00 30000 400 48,370.00 1 20000 10.0 200 0.5 10000 0.0 0 0 0 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 US$ Rs trillion US$ RS . Odisha’s total NSDP was about Rs 3.63 trillion (US$ 56.37 billion) . The state’s per capita NSDP was Rs 80,991.00 (US$ 1,256.65) in during 2017-18.