What is the Best Business Plan to Start in Odisha

What is the Best Business Plan to Start in Odisha (Orissa)? 25 Profit-Making Projects for Entrepreneurs, Startups.

Odisha is located strategically contiguous to the states of southern, central & eastern parts of India. It has a rich heritage, a vibrant present & a huge potential for Micro, Small & Medium Enterprises. State is also a treasure trove of natural resources. Access to global markets, presence of qualified human resource, robust infrastructure, stable polity and a positive business environment make the Odisha a flavoured destination for investors. Odisha is well connected by surface transport, air & water. The state has extensive rail & road network linking various growth centers. As a measure to encourage foreign airlines to start service from Odisha, the State Govt. has announced zero Value Added Tax on aviation turbine fuel.

Related Projects: - Best Business Opportunities in Odisha (Orissa)

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Types of Industries in Odisha

The Orissa Industry is going places with excellent industrial infrastructure and presence of top national and international companies. The state has witnessed an industrial upsurge due to the favorable industrial atmosphere in the state. The state government of Odisha has invited major industrial houses of the country and abroad to invest in the state. It has achieved a considerable amount of success and several prime companies have set up their plants in the state.

The entire industrial structure of the state can be divided into following categories

Large-Scale Heavy Industries

Large-Scale Industries

Small-Scale Industries

Large-Scale Heavy Industries

This segment includes the industrial units that need massive capital investment and include iron steel industry, aluminium, cement, Ferro-manganese, Ferro-chrome, steel rolling mills, fertilizer plants, Ceramic Glass, Aluminium Mines, Rare Earths, thermal, Steel Plant and power projects.

Large-Scale Industry

Paper Mills

Textile Industry

Silk Production

Textile

Sugar Mills

The state is rich in forest resources, which has prompted the growth of several forest based industrial plants. The cottage industry of Orissa includes the;

Sericulture industry

Cotton textile mills

Sugar mills

Rice mills

Small-Scale Industry

Among the other industries beverage, tobaco, gur and molasses are important. The tobaco industry is wide spread and provides employment to large number of persons.

In bidi production, the old disticts of Sambalpur, Sundargarh, Balangir, Keonjhar, Cuttack and Balasoreare important. Although Odisha has a large cattle population, it imports leather goods. The principalcentres of leather production are Boudh, Balangir, and Keonjhar. Modern tanneries have been set-up at Cuttack and Khariar Road.

Production of inks, paints, and varnishes, soap, wood and wood products also employ a large number of persons in the towns. For Jewellery and filigree work, Cuttack and Berhampur are famous. Stone carving is important in puri. The Salt Industry is being modernised at Huma in Ganjam district and at Astarang in Puri district. The Industrial estate of Bhubaneswar has been developed at Rasulgarh and Mancheswar. The most important among these is the coach building unit at Mancheswar.

Brass industry

Tobacco industry

Beverage

Molasses

Aluminum utensil making plants

Economy of Odisha (Orissa)

Over 76 percent of the people are dependent on agriculture. Out of the gross cropped area of 87.46 lakh hectares, 18.79 lakh hectares are irrigated. Rice, pulses, oil seeds, jute, Mesta, sugarcane, coconut and turmeric are important crops. There are also cash crops like tea, cotton and rubber. The state contributes one-tenth of the rice production in India. Jute, gram, sesame, ragi, mustard, rape and maize are second-ranking crops in different districts. District-wise, jute ranks second in Cuttack and Balasore, gram in Puri and Phulabani and Maize in Mayurbhanj. The infrastructure for the development of industry in Orissa is available.

A combination of coal, iron ore, limestone, bauxite and a host of other minerals on the one hand and port facilities on the other are the unique features in Orissa. In addition, the bountiful forest resources and agricultural products provide ample scope for the development of forest-based and agro-based industries.

The major industries of the state include cement, aluminum, ceramic glass, chemical, fertilizer, heavy water, aeronautical industry, and Agri-based industries such as cotton textiles, sericulture, sugar mills and rice mills.

Priority Sector Means–Industrial Units Fall Within Following Categories:

Project Opportunities in Orissa:-

1. 3 Star Hotel With 2 Banquet Hall & Restaurant

2. 4 Star Hotel

3. 7 Aminocephalosporanic Acid (7 Aca)

4. Active Pharma Ingredients(api)

5. Active Pharma Ingredients (api) Amoxicillin Trihydrate, Azithromycin & Paracetamol

6. Active Pharma Ingredients (api) (cephalexin, Ampicillin Trihydrate, Ibuprofen And Paracetamol)

7. Automatic Papad Plant

8. Antiscaling Descaling Forming Chemicals

9. Automobile Tyres for Trucks, Buses and Lorries

10. Automobile Workshop

11. Aluminium Conductors (AAAC and ACSR)

12. Aluminium Die Casting

13. Aluminium Shots & Notch Bars

14. Aluminium Wire Rod

15. Atomized Aluminium Powder

16. Aluminium Circles

17. ACSR Grade Aluminium Conductors

18. AAAC Grade Aluminium Conductors

19. Aluminium Extrusion

20. Aluminium Forgings

21. Aluminium Hinges

22. Aluminium Utensils

23. Aluminium Recycling Plant

24. Aluminium Tower Bolts

25. Anodizing Plant

NPCS, holds a special place, globally and hence ought to be taken as an important part of business ventures as per the modernization with all sorts of increasing trends. Thereby, we hereby inform you to reach out to us in case of expanding or commencing into the same, requiring detailed base projects for the betterment of the business venture. We help you analyse the market, confirm the plant and machinery, look into financial requirements, manufacturing techniques, etc.

For detailed analysis and research-based understanding of the Project, please reach out to Niir Project Consultancy Services (NPCS) for a detailed report, Business Plan on the same. Our report covers all the crucial points in the elaboration, inclusive of plant and machinery confirmation, analysis of the market, cost of raw material, balance sheet, Manufacturing Process, and various other important aspects.

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