Odisha Targets 40 Per Cent Urbanisation, $500 bn Economy by 2036
ECONOMY & POLICY

Odisha Targets 40 Per Cent Urbanisation, $500 bn Economy by 2036

Odisha aims to raise its urbanisation rate from 17 per cent to 40 per cent and become a $500 bn economy by 2036, Chief Minister Mohan Charan Majhi said. The target was outlined at the 2nd National Urban Conclave 2026 in Bhubaneswar, held alongside the 19th Urban Mobility India Conference and Expo.

Majhi said the state was developing modern urban infrastructure as it approached the centenary of its formation. He also flagged off 26 buses under the Prime Minister’s PM e-Bus Sewa Yojana, stating that the state planned to introduce 400 electric buses, 100 midi e-buses and 50 mini e-buses. The expanded fleet will extend Ama Bus services to nine additional cities, taking coverage beyond the seven cities currently served by the Central Region Urban Transport agency.

The chief minister said Odisha had received investment proposals worth Rs. 23 tn, while projects involving Rs. 3.5 tn across more than 200 industries had been grounded. The state is also developing the Bhubaneswar-Kataka-Puri-Paradip Economic Region with guidance from the Centre and NITI Aayog. Satellite townships are planned alongside the expansion of Bhubaneswar and Cuttack, while 28 new notified area councils, seven municipalities and one municipal corporation have been created.

On housing, Majhi said 153,000 homes had been built in Odisha under the Pradhan Mantri Awas Yojana-Urban. Under its 2.0 phase, Rs. 16.15 bn has been sanctioned over five years for the Urban Bandhu programme, which offers economically weaker section beneficiaries a 90 per cent exemption on stamp duty and registration fees. The state has also earmarked Rs. 60 bn for urban infrastructure.

The chief minister highlighted 24-hour Drink from Tap water supply in 11 cities and the Swachh Odisha Yojana, supported by Rs. 16 bn. He said safe footpaths, pedestrian crossings and public spaces were essential to urban transport, while electric buses would improve connectivity and support sustainable mobility. The nine new service locations are Baripada, Angul, Jharsuguda, Balasore, Jajpur, Rayagada, Jeypore, Bhadrak and Balangir. NITI Aayog chief executive Anurag Jain said urban residents would account for 50 per cent of India’s population by 2047 and contribute 75 per cent of gross domestic product.

Odisha aims to raise its urbanisation rate from 17 per cent to 40 per cent and become a $500 bn economy by 2036, Chief Minister Mohan Charan Majhi said. The target was outlined at the 2nd National Urban Conclave 2026 in Bhubaneswar, held alongside the 19th Urban Mobility India Conference and Expo. Majhi said the state was developing modern urban infrastructure as it approached the centenary of its formation. He also flagged off 26 buses under the Prime Minister’s PM e-Bus Sewa Yojana, stating that the state planned to introduce 400 electric buses, 100 midi e-buses and 50 mini e-buses. The expanded fleet will extend Ama Bus services to nine additional cities, taking coverage beyond the seven cities currently served by the Central Region Urban Transport agency. The chief minister said Odisha had received investment proposals worth Rs. 23 tn, while projects involving Rs. 3.5 tn across more than 200 industries had been grounded. The state is also developing the Bhubaneswar-Kataka-Puri-Paradip Economic Region with guidance from the Centre and NITI Aayog. Satellite townships are planned alongside the expansion of Bhubaneswar and Cuttack, while 28 new notified area councils, seven municipalities and one municipal corporation have been created. On housing, Majhi said 153,000 homes had been built in Odisha under the Pradhan Mantri Awas Yojana-Urban. Under its 2.0 phase, Rs. 16.15 bn has been sanctioned over five years for the Urban Bandhu programme, which offers economically weaker section beneficiaries a 90 per cent exemption on stamp duty and registration fees. The state has also earmarked Rs. 60 bn for urban infrastructure. The chief minister highlighted 24-hour Drink from Tap water supply in 11 cities and the Swachh Odisha Yojana, supported by Rs. 16 bn. He said safe footpaths, pedestrian crossings and public spaces were essential to urban transport, while electric buses would improve connectivity and support sustainable mobility. The nine new service locations are Baripada, Angul, Jharsuguda, Balasore, Jajpur, Rayagada, Jeypore, Bhadrak and Balangir. NITI Aayog chief executive Anurag Jain said urban residents would account for 50 per cent of India’s population by 2047 and contribute 75 per cent of gross domestic product.

Related Stories

Gold Stories

Next Story
Infrastructure Transport

Seco Marks 30 Years in India, Strengthens Pune Operations Wins Rs 8.39 Billion Vande Bharat Sleeper Orders

"Wabtec Corporation (NYSE: WAB) has secured orders worth approximately US$94 million (Rs 8.39 billion, or Rs 8,390 million) from Indian Railways for systems for the Vande Bharat Sleeper programme. The equipment is intended to increase service availability, simplify maintenance and improve passenger safety.Wabtec will supply onboard brake systems, doors and gangway solutions. Its scope also includes system delivery, integration support, testing, commissioning and long-term operational reliability support.Pascal Schweitzer, President, Wabtec Transit, said the orders reflect the company’s commi..

Next Story
Real Estate

Godrej Properties Targets Rs. 415 bn Sales Bookings by FY27

Godrej Properties is projected to achieve sales bookings of Rs. 415 bn in FY27, representing 22 per cent growth and exceeding its guidance of Rs. 390 bn. The company attributed the outlook to sustained consumer demand for residential projects across all its markets. Chairperson Pirojsha Godrej said the company remained on track to meet or exceed its annual targets for sales bookings, project launches, customer collections, project deliveries and land acquisition. Sales bookings in the first half of the financial year rose 7 per cent to Rs. 166.59 bn from Rs. 155.87 bn in the year-ago period. T..

Next Story
Infrastructure Urban

RPS Infrastructure Appoints KBE for Rs. 4.5 bn 12th Avenue Phase 3

Faridabad-based real estate developer RPS Infrastructure has awarded a construction contract worth more than Rs. 4.5 bn to KBE-Krishna Buildestates for Phase 3 of its flagship mixed-use development, RPS 12th Avenue. Spread across approximately 9 acres, the phase will include the Crosswalk mall and The Wisterias South, a residential development comprising three ultra-luxury towers. Phase 3 forms part of the wider 34-acre RPS 12th Avenue ecosystem on Main Mathura Road in Sector 27C, Faridabad. KBE will lead construction of the new phase, with the architectural blueprint already completed by glob..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code