Odisha Targets Role as MSME Hub for Eastern India

03 Dec 2025 CW Team

Odisha has set its sights on becoming the MSME gateway of eastern India, Chief Minister Mohan Charan Majhi said at the Odisha Industrial Conclave 2025, organised by Laghu Udyog Bharati (LUB). Calling the state a land of possibilities, he noted that Odisha has emerged as a leading destination for micro, small and medium enterprises.

He said that reforms such as the Go-Swift single-window system now allow project approvals within a day. Odisha has also invested 6.1 per cent of its GDP in infrastructure development, which is expected to further accelerate industrial and MSME growth.

Majhi emphasised the success of the Subhadra Yojana, describing it as an initiative that promotes financial independence among rural women through small enterprises. The programme has created 1.7 million ‘Lakhpati Didis’, positioning Odisha as a top performer. Citing global trends where small businesses account for 90 per cent of enterprises and 50 per cent of jobs, he said small industries enrich the economy as much as they contribute to it.

Reaffirming the vision of ‘Viksit Odisha O Viksit Bharat’, he expressed confidence that the state would firmly establish itself as the MSME gateway of the region. He also lauded LUB for supporting more than 980 industrial units and for its plan to open an office in Bhubaneswar to strengthen industry–government engagement across districts.

MSME Minister Gokulananda Mallik said the government was working to boost local products, artisans and small businesses. He noted that an Ekta Mall was being set up at Gandamunda with an investment of Rs 1870 million, alongside MSME parks planned in all 30 districts, with 14 nearing completion.

The conclave drew more than 1,000 delegates and featured panel sessions, B2B engagements and awareness programmes for entrepreneurs across multiple sectors.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..