Industry Odisha Bureau, April 24: In a major FDI boost, the Odisha government was able to attract the single largest Japanese investment at Rs 15,000 crore as a Japanese steel company has collaborated with JSW Steel Ltd to expand the latter’s steel plant in Sambalpur district. Chief Minister Mohan Charan Majhi graced the Joint Venture and initiation of partnership between JSW Steel Limited and JFE Steel Corporation, Japan, a pivotal step in Odisha’s move from an iron-ore producer to a high-value steel manufacturing hub. This is Odisha’s first single largest Japanese investment at Rs 15,000 crore. This investment will further…
Author: Industry Odisha
Industry Odisha Bureau, April 24: The Odisha Gymnastics Association (OGA) today announced hosting of the Junior & Senior Artistic Gymnastics National Championships 2026–27 here at Kalinga Stadium from April 25 to May 3, 2026. The championships are being organized by Odisha Gymnastics Association in collaboration with the Gymnastics Federation of India (GFI) and with the support of the Sports and Youth Services Department of Odisha. Addressing media persons here, Chief Operating Officer, Gymnastics Federation of India, Kallol Mukherjee emphasized the championship’s significance in the national and international pathway. “The National Championships remain a critical benchmark in India’s gymnastics calendar. Performances…
Industry Odisha Bureau, April 24: Planning to launch weekly index options for its bullion derivative index called Bulldex, the Multi Commodity Exchange of India (MCX) has reportedly submitted a formal proposal with the Securities and Exchange Board of India (SEBI) seeking the statutory regulatory body’s seal of approval. Sources informed that MCX’s such a proposal is under scrutiny of SEBI’s Commodity Derivatives Advisory Committee (CDAC), but no final decision has been taken yet. Sources added that the MCX proposal is being meticulously scrutinised delving into the pros and cons, because Bulldex weekly options are likely to “pose a risk in…
Industry Odisha Bureau, April 24: In view of the prevailing heat wave situation in Odisha, the state government on Friday announced summer vacation for schools from Monday. Odisha Chief Minister Mohan Charan Majhi has announced summer vacation for schools in view of the severe heat wave prevailing in the state, a statement said. The chief minister has taken this decision keeping in mind the safety of the children. Majhi approved the proposal in this regard moved by the School and Mass Education Department, the statement said. As per the decision, all government, government-aided and private schools in the state will…
Industry Odisha Bureau, April 23: Odisha’s achievement under the Utility-Led Aggregation (ULA) scheme is the highest in the country, highlighting the State’s effective implementation strategy and rising consumer participation in renewable energy adoption. To accelerate rooftop solar adoption, the Utility-Led Aggregation Scheme (ULA) has been introduced by the Ministry of New and Renewable Energy. In Odisha, the scheme launched in November 2025, enables domestic consumers with a 1 kW connected load to install rooftop solar systems at a highly subsidized contribution of just Rs 1,875. The State has reported encouraging installation progress under both schemes. As per report, 55,888 installations…
Industry Odisha Bureau, April 23: Despite the ceasefire extension sans any deadline effected by the Trump regime, there is no let up to the Iran-imposed Hormuz hurdle since February 28 this year followed by US-clamped naval blockade of late in the Persian Gulf has further aggravated the price rise graph of crude oil globally. Such a precarious situation has reportedly put India at stake so far the supply chain and inflation are concerned. Authorised Indian oil refineries import the well-known Indian basket of crude oil that is a mixture of Sweet Grade (Brent Dated) and Sour Grade (Oman and Dubai…
Industry Odisha Bureau, April 23: In a bid to secure navigation in the Strait of Hormuz militarily amid the escalating tensions in the West Asia region, the United Kingdom (UK) and France are reportedly co-hosting talks with over 30 nations in which India is also formally invited. The momentous talks on the proposed global military mission meant for securing Hormuz navigation would be co-chaired by UK Prime Minister Keir Starmer and French President Emmanuel Macron, and has been scheduled at UK’s Permanent Joint Headquarters in northwest London. As per media reports, both UK and France have been batting for a…
Industry Odisha Bureau, April 23: As uncertainty looms large over Iran’s participation (despite being qualified) in the 48-team tournament of the coveted FIFA World Cup 2026 scheduled from June 12 this year co-hosted by bête noire United States of America (USA) amid the ongoing tug of war between the two nations, latest reports revealed that pressure mounts to include Italy even though the European team has amazingly lost the qualifiers. As per media reports, US President Donald Trump’s Special Envoy Paolo Zampolli has requested both Trump and FIFA President Gianni Infantino “to replace Iran with Italy at the upcoming Football…
Industry Odisha Bureau, April 22: In a significant step toward strengthening international cooperation, the U.S. Consul General, Ms. Laura Williams, had a courtesy call with the Hon’ble Deputy Chief Minister Shri Kanak Vardhan Singh Deo, today at Lokseva Bhavan. The meeting focused on pivotal sectors including renewable energy, semiconductor manufacturing, and the promotion of Odisha’s rich tourism and cultural heritage. A primary focus of the meeting was the transition to sustainable energy. The Deputy Chief Minister Shri Singh Deo highlighted Odisha’s growing perspectives on Renewable Energy (RE) and Pumped Storage Projects (PSPs). Central to this discussion was the implementation of…
Industry Odisha Bureau, April 22: Being bitten by the bitter experience of acute disruptions of crude oil supply chain and volatility in global oil prices owing to the ongoing Middle East conflict, the Hormuz hurdle and the US Naval blockade, the Government of India (GoI) is reportedly set to issue Draft Rules for E85 – the blending of 85 per cent ethanol and 15 per cent petrol – henceforth to run vehicles on Indian roads. According to sources, the decision was reportedly “envisaged in 2016”, while it is going to be implemented this time due to the current oil crisis.…