Odisha is the most mineral-intensive state in the country with considerable reserve bases of key bulk minerals like coal, iron ore, bauxite, chromite, manganese, and limestone, amongst others. Beyond that, the state also has reserve bases of critical minerals like nickel, platinum group of elements (PGE), graphite which are critical for India's net zero transition.
Historically, the mining industry has been providing the necessary resources for Odisha's economic development. Given the mining industry's multiplier effect on job creation and spurring investment in downstream value-added industries, Odisha's above-average rate of growth of its mining industry has been a factor behind the state's GSDP recording a much faster decadal growth rate than most mineral-rich states. The state government of Odisha has favourably designed the policies for the mineral sector and presented a gamut of incentives before prospective investors in the state
Given the mining sector’s potential for job creation and its important role in the Government’s flagship programmes like Make-In-India, re-energising the sector by bringing in structural reforms like faster regulatory approvals, addressing issues in land acquisition, infrastructural & logistics bottlenecks etc will aim at making mining an attractive investment avenue and helping the State of Odisha to achieve AtmaNirbharta in mining sector.
To discuss the above and the related issues, ASSOCHAM is organizing ‘Odisha Metals & Mining Conference’ on 21st November 2024 at Hotel Swosti Premium in Bhubaneswar.