🏠 News Empire
economy

Odisha ranked among top five investment-friendly states by NITI Aayog, says CM Majhi

Published on: 22 Jul 2026, 04:09 AM
Odisha ranked among top five investment-friendly states by NITI Aayog, says CM Majhi

Odisha has been recognised as one of the top five performers in the NITI Aayog's first-ever Investment Friendliness Index (IFI), Chief Minister Mohan Charan Majhi said on Tuesday. He attributed the achievement to policy-driven reforms, an investor-friendly administration and sustainable industrial development.

The NITI Aayog recently released the index to assess how well Indian states are positioned to attract investments. It covered all 28 states and eight union territories, evaluating factors that make a state attractive to investors as well as the challenges they face. The index uses a 100-point scale and serves as a benchmark for states to improve their investment environment, based on primary surveys and publicly available data.

According to the report, the top five performers are Gujarat, Maharashtra, Tamil Nadu, Goa and Odisha. Fifteen states, including Delhi, Uttar Pradesh and Andhra Pradesh, were classified as frontrunners. Eight states and union territories fell into the emerging performers category, while an equal number were categorised as aspiring states.

“Odisha’s recognition among the top five investment-friendly states is a matter of immense pride for every Odia. This achievement reflects our collective commitment to transparent governance, industry-friendly policies and efficient service delivery. We thank our industry partners for their continued trust in Odisha,” Mr. Majhi said.

The Chief Minister emphasised that the recognition is a milestone, not a destination. “We will continue to undertake reforms, strengthen infrastructure and create an even more enabling ecosystem so that Odisha emerges as one of the most preferred investment destinations in India and globally,” he said.

Mr. Majhi expressed gratitude to Prime Minister Narendra Modi, stating that transformative reforms under his leadership, combined with the strength of the “Double Engine Government”, have accelerated Odisha’s progress in infrastructure, industrialisation, connectivity, logistics, skilling and overall economic development.

“The recognition validates Odisha’s sustained focus on governance reforms, ease of doing business, institutional efficiency and investor facilitation. Through progressive policy interventions, digital governance, time-bound approvals, strengthened institutional mechanisms and a robust Single Window Clearance system, the State has created an enabling ecosystem that supports investment across diverse sectors,” the Chief Minister noted.

He added that Odisha’s development story extends beyond traditional industrial strengths, with the state emerging as a diversified manufacturing and services hub attracting investments across sectors. These investments are driving structural transformation by strengthening industrial value chains, promoting balanced regional development, supporting MSMEs and startups, encouraging innovation and skill development, and creating large-scale employment opportunities for the state’s youth.

Industries Minister Sampad Chandra Swain said the collective efforts of Team Odisha in creating a responsive, transparent and globally competitive investment ecosystem played a key role in the state being identified as a top performer.

Latest in Economy 10
Truzon Clean Energies wins ₹236-crore solar EPC order for 72 MW in Maharashtra
economy

Truzon Clean Energies wins ₹236-crore solar EPC order for 72 MW in Maharashtra

Truzon Clean Energies has won a ₹236-crore EPC contract from Hariom Power & Energy for 72 MW of ground-mounted solar projects in Maharashtra, to be built under PM-KUSUM Component C across Hingoli, Latur, Parbhani and Beed districts. The Hyderabad firm, which counts cricketers Sachin Tendulkar, Suryakumar Yadav and Tilak Varma among its investors, says it has already executed 15 MW and expects the full capacity to generate 89.89 million units annually.

The Hindu 18 Oct 2026, 03:37 AM
Read More →
Supreme Court Sets Aside Yes Bank AT1 Write-Off: What the Ruling Means for Bondholders
economy

Supreme Court Sets Aside Yes Bank AT1 Write-Off: What the Ruling Means for Bondholders

The Supreme Court has set aside the write-off of Yes Bank's Additional Tier 1 bonds carried out during its 2020 rescue, holding that the administrator lacked the authority to order it. The bank says its key capital ratio could fall by about 2.5 percentage points, and its shares fell sharply. The ruling could affect how losses are imposed on bondholders in future bank rescues.

NDTV 16 Oct 2026, 05:46 AM
Read More →
Mumbai Restaurant Bills Set to Rise 10–15% as AHAR Cites Surging Gas, Food and Rent Costs
economy

Mumbai Restaurant Bills Set to Rise 10–15% as AHAR Cites Surging Gas, Food and Rent Costs

Restaurants in Mumbai are expected to raise menu prices by 10% to 15% in the coming weeks, according to the Indian Hotel and Restaurant Association, which cites higher commercial gas, food, rental and labour costs. AHAR president Vijay K. Shetty said the revision is needed to sustain operations, not for profiteering. The increase will not be uniform, with each establishment deciding its own timing and extent.

The Hindu 16 Oct 2026, 03:30 AM
Read More →
Rupee gains 44 paise to 94.92 as RBI steps in to curb dollar demand
economy

Rupee gains 44 paise to 94.92 as RBI steps in to curb dollar demand

The rupee appreciated 44 paise to 94.92 against the U.S. dollar in early trade on Wednesday, helped by RBI measures to reduce near-term dollar demand and curb speculation. The currency has now gained for three consecutive sessions, though traders expect external pressures to limit further gains. Domestic equities opened marginally lower.

The Hindu 14 Oct 2026, 05:00 AM
Read More →
Sitharaman Says She Will 'Keenly Hear' Views on LTCG and STT as Markets Rise 1%
economy

Sitharaman Says She Will 'Keenly Hear' Views on LTCG and STT as Markets Rise 1%

Finance Minister Nirmala Sitharaman said she would keenly hear views on the long-term capital gains tax and the securities transaction tax, without confirming whether either would be considered in the Budget 2027 preparations. She also said the RBI would continue acting to curb rupee volatility rather than fix its level, shortly after which the stock market rose about 1%.

The Hindu 13 Oct 2026, 01:44 PM
Read More →
Chennai Dominates Tamil Nadu's Residential Market with 51.5% of Launches: Report
economy

Chennai Dominates Tamil Nadu's Residential Market with 51.5% of Launches: Report

A report by JLL released at CREDAI Tamil Nadu's STATECON 2026 reveals that Chennai accounts for 51.5% of the state's residential launches, while plotted developments dominate secondary growth corridors. The conference discussed strategies to support Tamil Nadu's ambition of becoming a $1.5-trillion economy by 2036, including regulatory reforms and affordable housing.

The Hindu 11 Oct 2026, 01:52 PM
Read More →
Tomato prices rise in Andhra Pradesh as Madanapalle arrivals fall ahead of festive season
economy

Tomato prices rise in Andhra Pradesh as Madanapalle arrivals fall ahead of festive season

Tomato prices in Andhra Pradesh's Rayalaseema districts have risen after arrivals at the Madanapalle market yard fell to 62 tonnes on Wednesday from 88 tonnes a day earlier, with first-grade produce quoted at ₹410 per 10 kg. Retail prices are ruling at ₹45 to ₹50 a kg in Madanapalle, Kadapa, Tirupati and Kurnool. Traders expect prices to stay firm through the Dasara, Diwali and Ayyappa Deeksha season unless arrivals improve, while farmers say retail rates do not fully reach them after costs.

The Hindu 01 Oct 2026, 03:30 AM
Read More →
CAG flags 12,393 acres of Odisha industrial land lying unutilised, encroachments unchecked
economy

CAG flags 12,393 acres of Odisha industrial land lying unutilised, encroachments unchecked

A CAG report tabled in the Odisha Assembly has found that 12,393.651 acres of land allotted for industry between 1981 and 2021 were never used for their sanctioned purpose, with a further 252.692 acres diverted. The audit also flagged 668.893 acres of government land worth ₹597.87 crore under unauthorised occupation, including 10 acres of Bhubaneswar forestland held by the Kalinga Institute of Social Sciences despite a pending case.

The Hindu 29 Sep 2026, 01:48 PM
Read More →
Rupee slips 11 paise to 95.84 as crude oil holds above $100 amid West Asia uncertainty
economy

Rupee slips 11 paise to 95.84 as crude oil holds above $100 amid West Asia uncertainty

The rupee fell 11 paise to 95.84 against the U.S. dollar in early trade on Thursday, pressured by a stronger dollar, firm U.S. bond yields and crude oil prices holding above $100 a barrel amid stalled West Asia diplomacy. Domestic equities also declined, with the Sensex down 506 points, though foreign investors remained net buyers of Indian shares on Wednesday.

The Hindu 24 Sep 2026, 05:10 AM
Read More →
→ View All Economy News