Industry Odisha Bureau, Aug 29: Chief Secretary Anu Garg directed for expedite of large-scale industrial investment infrastructure projects in Odisha and resolution of various issues faced in the implementation of the projects here at the Lok Seva Bhawan Friday. The Chief Secretary reviewed progress of major projects like brownfield expansion of smelter and captive power plant and Utkal ‘D’ and ‘E’ coal mines of NALCO. The progress of land acquisition and transfer, rehabilitation and resettlement, public hearing, village council and development of ancillary infrastructure related to the project was discussed. It also reviewed the various ongoing and proposed investment projects…
Author: Industry Odisha
Industry Odisha Bureau, Aug 29: Odisha CM Mohan Charan Majhi is to participate in the Dubai Investor’s meet scheduled from September 8-9, 2026. The Odisha delegation is expected to showcase the state’s investment potential across a wide spectrum of sectors — from mining, metals and metal downstream industries to petrochemicals, textiles, food processing, ports and logistics, and renewable and green energy. Officials said the meet will highlight Odisha’s mineral wealth, industrial infrastructure, and its growing thrust on clean energy as key draws for UAE investors. The Dubai engagement comes as part of the state government’s continuing efforts to attract foreign…
Industry Odisha Bureau, Aug 29: The Delhi government is considering tighter rules for property registration procedures. Builder-landowner agreements may become mandatory to register going forward. A 1% registration fee could apply under the proposed system. Officials said the move aims to reduce ownership and property-division disputes. Currently, agreements involving plots around 80 to 100 square yards remain informal. Builders often construct three- or four-storey buildings under such arrangements. Many agreements reportedly rely on stamp papers worth only ₹50 or ₹100. Some deals also include cash payments for specific floors in buildings. These informal arrangements can result in lost government revenue…
Industry Odisha Bureau, Aug 29: The Centre will replace the monthly sugar quota system with fortnightly allocations from September. Mills must sell at least 40% of their allocation during the first week. The remaining quantity must be sold during the succeeding week. Officials said the change aims to improve demand-supply monitoring across sugar markets. Physical verification of mill stocks revealed discrepancies with monthly return declarations. Some mills were found holding more stock than their declared monthly figures. Certain mills were also found short-selling against their monthly quota allocation. This meant mills sold less sugar than the quantity actually allocated. The…
Industry Odisha Bureau, Aug 29: Singapore Airlines has reaffirmed its long-term commitment to Air India, where it holds a 25.1% stake. Additional capital requirements will now be evaluated by SIA’s board. That decision comes amid mounting Air India losses and slow turnaround progress. SIA said any funding request faces its disciplined capital allocation framework. The airline’s response followed a Business Times article questioning SIA’s continued Air India exposure. Reports suggested Air India needed an additional $1.5 billion equity infusion overall. Of that amount, $375 million was expected to come from SIA. SIA said future decisions will weigh Air India’s strategy…
Industry Odisha Bureau, Aug 29: Former NITI Aayog CEO Amitabh Kant has criticised conventional CSR spending for its limited employment impact. He has urged Indian companies to back scalable, technology-driven rural entrepreneurship instead. Kant’s argument links corporate investment directly with India’s broader long-term economic ambitions. He wants rural job creation treated as central to that growth story. Speaking at a Suzuki Motor Corporation event in Bengaluru on August 28, Kant argued India must move from a $4 trillion economy toward a $30 trillion economy by 2047. Achieving that scale, he said, requires large-scale entrepreneurship, technology, finance and rural job creation…
Industry Odisha Bureau, Aug 29: India’s southwest monsoon remained 13% below normal as of August 27 this year. Yet kharif sowing has already recovered to within 1.5% of last year’s level. September, the monsoon’s final month, will now decide whether that resilience truly holds. The stakes extend well beyond crops, reaching reservoirs, rabi prospects and food inflation. Last year rainfall stood 5% above normal at this same point. The IMD had forecast a weak monsoon, near 90% of the long-period average, citing developing El Nino conditions. Rainfall improved sharply in July, narrowing June’s roughly 40% deficit. That recovery has since…
Industry Odisha Bureau, Aug 29: India’s first high-speed rail corridor is moving steadily toward becoming fully operational soon. The Mumbai-Ahmedabad bullet train project now combines Japanese technology with growing domestic manufacturing ambitions. Authorities are preparing the initial operational section between Surat and Bilimora shortly. This development matters significantly for both railway infrastructure and India’s broader industrial capability goals. The National High Speed Rail Corporation Limited is developing the project with Japanese technical support. Trainsets for the initial phase are arriving directly from Japan for deployment. The Japan International Cooperation Agency has provided financing worth approximately ₹1.1 lakh crore. Full project…
Industry Odisha Bureau, Aug 29: Since the consumer companies in India are reportedly resorting more and more to challenging their respective rival companies’ claims through their comparative advertisements for pushing their respective brands in the markets as well as wooing and weaning away gullible customers, legal suits against each other by the aggrieved consumer brand firms are reportedly flooding the courts of law currently. Citing the latest case in point, media reports have stated that, “The home-care brand Beco’s advertisement campaign allegedly comparing its products with Hindustan Unilever Limited (HUL)’s products has been challenged by HUL in the court of…
Industry Odisha Bureau, Aug 29: India’s noted engineering and infrastructure firm Larsen and Toubro (L&T) has reportedly decided to exit from its ongoing ownership of conventional assets as it has reportedly opted for focusing on owning and operating new-age assets in order to generate recurring revenue henceforth. Media reports, citing reliable sources, have stated that, “L&T now aims at generating recurring revenue from high-margin sectors such as data centers, green hydrogen production and electronics manufacturing.” Media reports, quoting analysts and experts, have added that, “Such a strategic shift in L&T’s latest business policy is deemed to be a pivotal part…