Industry Odisha Bureau, June 3: The Union Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi, today approved the construction of new coastal Highway from Rameshwar to Paradeep on Hybrid Annuity Model (HAM) in Odisha under two packages with a combined total length of 160.18 km and combined total capital cost of Rs8, 300.79 crore. The project section of new coastal Highway from Rameshwar to Paradeep passes through Khurda, Puri, Kendrapada and Jagatsinghpur Districts of Odisha, existing road network of NH-16 is part of the Golden Quadrilateral and is already a 6-lane highway passing through major towns…
Author: Industry Odisha
Industry Odisha Bureau, Jun 3: Close on the heels of east-Asian country Taiwan reportedly surpassed India’s equity market to become the fifth largest in the world, yet another east-Asian country South Korea reportedly overtook the south-Asian country India’s equity market in market capitalisation (Market Cap). Media reports said that, “Marking their influence on the AI economy, both the east-Asian countries Taiwan and South Korea have not only surpassed India, but also Canada and other European countries,” adding remarks, “South Korea has now become the world’s sixth largest equity market driven by the rally in AI chipmakers, while India has fallen…
Industry Odisha Bureau Jun 3: With a reported investment of about $3.3 billion, and the proposed investment that reportedly involves collaboration between Intel, the State Government, and the US-based 3D Glass Solutions (3DGS), Odisha is bracing up for entering into a critical layer of the global high-tech manufacturing ecosystem and also be in the chip supply chain. As per reports, “The project would not be a conventional semiconductor fabrication plant (fab), but it would focus on advanced glass-core substrates and chip packaging equally critical parts for the semiconductor ecosystem.” Notably, “Experts deem ‘glass substrates’ to be one of the next…
Industry Odisha Bureau, Jun 2: Adding one more feather to its glorious cap of indigenous defence manufacturing ecosystem as well as marking a milestone of an improved national security, India’s Defence Research and Development Organisation (DRDO) has successfully tested its indigenously designed precision-guided ‘High Calibre Bomb’. Notably, “High-Calibre bombs are generally larger and heavier munitions designed to inflict substantial damage against fortified targets, military infrastructure, bunkers, command centres, airfields, logistics hubs, and strategic installations.” A video report, released in this regard, “not only portrays the remarkable achievement of the test conducted by the DRDO, but also DRDO’s ability to move…
Industry Odisha Bureau, Jun 2: Cricket Superstar Virat Kohli and his actor-wife Anushka Sharma visited the ashram of Vrindavan-based Sant Premanand Maharaj on Tuesday to seek his blessings and express their gratitude following Royal Challengers Bengaluru’s successful Indian Premier League campaign. The couple, wearing face masks, arrived by car at around 7 am at Shri Hit Radha Keli Kunj Ashram on the Vrindavan Parikrama Marg. They met Premanand Maharaj, received his blessings and spent nearly two hours at the ashram. When they emerged from the private meeting room, both had sandalwood paste and a tripund (three horizontal lines) on their…
Industry Odisha Bureau, Jun 2: Marking a milestone in the antibiotic innovation ecosystem as well as carving a niche globally, Mumbai-headquartered Indian pharmaceutical and biotechnology company Wockhardt’s innovated ‘Zaynich’ drug has reportedly been accorded seal of approval by the Food and Drug Administration (FDA) of the United States of America (USA). Notably, “The US FDA is responsible for protecting the public health by ensuring the safety, efficacy and security of human and veterinary drugs.” Following the remarkable achievement, Wockhardt has reportedly “overcome the scientific risk, while the next challenge is whether this novel drug (Zaynich) developed in India could stand…
Industry Odisha Bureau, Jun 2: The revamped Index of Industrial Production (IIP), released by the Ministry of Statistics and Programme Implementation (MoSPI), has reportedly depicted India’s industrial output having grown by 4.9% in April 2026. Reportedly, the MoSPI’s revamped IIP series has “adopted 2022-23 as the base year instead of 2011-12 that used to be base year previously.” Accordingly, the growth rate in April 2026 reportedly shows “industrial production expansion of 4.1% in March 2026” since it has reportedly been “measured under the previous base year series of 2011-12.” Reflecting the present scenario of the Indian economy, the MoSPI’s revamped…
Industry Odisha Bureau, Jun 1: Following the India Meteorological Department (IMD)’s reportedly reiterated forecasts predicting a below-normal downpour during this year’s monsoon season as well as a prolonged impact of the Super El Nino persisting into next year, weather experts reportedly anticipate a hotter along with driest monsoon season since 2015. Generally, “The hot and dry monsoon in India is characterized by the Southwest Monsoon which typically begins in June and continues until September. It brings moisture-laden winds from the Indian Ocean and causes significant rainfall across the country. Thus, the country experiences heavy rainfall vital for agriculture and also…
Industry Odisha Bureau, June 1: The Eklavya Model Residential Schools (EMRS) of Odisha have hit a historic milestone. In a powerful demonstration of how quality education can transform tribal communities, three distinguished alumni have successfully cleared the prestigious Odisha Civil Services Examination conducted by Odisha Public Service Commission (OPSC). Leading this inspiring group is Nilima Kumari Nayak, a member of the Gond tribe from Keonjhar district, who has secured 194th rank. An alumnus of EMRS Ranki, she completed her schooling in 2017 and currently serves as an Assistant Labour Officer. As the daughter of a retired Hindi teacher and a…
Industry Odisha Bureau, June 1: Air Marshal Tarun Chaudhry, AVSM, VSM assumed the appointment of Air Officer Commanding-in-Chief, Central Air Command today. He was commissioned into the Fighter stream of the Indian Air Force in December 1989. He is an alumnus of National Defence Academy, Defence Services Staff College, College of Air Warfare and National Defence College. During his distinguished career, the Air Marshal has held several important Operational Staff and Diplomatic appointments including Defence Attache at the Embassy of India in Sweden with concurrent accredition to Norway, Finland and Denmark. He has also undertaken key staff assignments at HQ…