Bhubaneswar: Under the dynamic leadership of Chief Minister shri Mohan Charan Majhi and efficient execution program led by Shri Hemant Sharma, ACS Home, Industry and I&PR, the state of Odisha has undergone a profound industrial shift, moving beyond its traditional mineral-based economy to become a diverse hub for modern enterprise.
Under the strategic oversight of Shri Hemant Sharma, Additional Chief Secretary for Industries, Home, and I&PR, Odisha is solidifying its status as India’s premier investment destination. His focused execution has transformed the Utkarsh Odisha initiative into a powerhouse of economic activity, successfully navigating the state from resource-dependency toward a high-value manufacturing future.
The recent 25th anniversary of Enterprise Odisha served as a platform to showcase the massive scale of this transformation. In just one year, the state has enabled an investment potential of 16.7 lakh crore, with a projected employment generation of 12.9 lakh.
Shri Sharma’s “grounding-first” approach has ensured that these are not just paper commitments; 261 projects worth 5.82 lakh crore have already been approved, and over 100 projects are currently grounded or inaugurated, contributing 2.14 lakh crore to the state’s actualized industrial wealth.
His overdrive for industrialization is marked by a distinct shift toward non-traditional sectors, including green energy, semiconductors, and precision manufacturing. By leveraging digital facilitation and maintaining a proactive administrative stance, Shri Sharma is effectively repositioning Odisha as a global manufacturing hub that balances industrial speed with high-impact job creation for the local workforce.
ACS Shri Sharma’s strategic overdrive has focused on bridging the gap between investment intent and ground reality, ensuring that paper proposals translate into operational factories and jobs.
One of the most significant aspects of ACS Shri Sharma’s strategy is the diversification of the state’s industrial portfolio. Under his guidance, more than 50% of recent non-metal investment commitments have flowed into new-age sectors.
The breakdown of these high-priority investments includes: Renewable and Green Energy: 4.25 lakh crore, Chemicals, Petrochemicals, and Plastics: 78,803 crore, Logistics and Infrastructure: 62,645 crore, Green Energy Equipment: 25,589 crore and IT, Semiconductors, and ESDM: Growing focus with specialized manufacturing clusters
By leveraging digital platforms like GO-SWIFT and creating a ready-to-use land bank, ACS Shri Sharma has significantly reduced the time required for industries to begin operations. His vision for Purvodaya aims to commission at least 5 lakh crore worth of projects on the ground by 2029, spanning all 30 districts to ensure inclusive growth across the state.