Unlocking Odisha's Mineral Wealth: A Path to Inclusive Growth

Strategic Development of Odisha's Natural Resources

Bhubaneswar: Experts are advocating for the strategic enhancement of Odisha's resource-rich regions to foster inclusive growth within the state.

According to a recent white paper on the mining industry, Odisha holds 35% of India's iron ore reserves, 59% of its bauxite, and significant coal deposits.

A gathering of former bureaucrats, academics, and social development organizations convened on Monday to unveil this white paper, organized by AIDENT, a social welfare group.

The document highlights that Odisha has merely 'scratched the surface' of its mineral potential, citing underutilization of resources like bauxite, procedural hurdles, inter-state wealth drainage, and previously missed opportunities, emphasizing the necessity for 'bold and urgent reforms.'

One expert remarked that Odisha must 'explore mineral resources to prepare for the future in the mining sector and stimulate prosperity.'

The white paper asserts that the mining sector, especially bauxite, iron ore, and coal, serves as the state's most significant strategic asset, capable of driving investments, job creation, infrastructure development, and enhancing global competitiveness. It states, 'Odisha is at a critical juncture. This is about transformation and converting natural resources into growth that benefits the people.'

Furthermore, it emphasizes, 'We must ensure that future generations of Odias inherit not only a legacy of fertile land but also a legacy of inclusive advancement, top-tier institutions, and lasting prosperity.'

The report outlines a phased strategy for Odisha to evolve from being a resource exporter to a value creator.

It suggests immediate regulatory reforms, mid-term investments in mineral corridors and manufacturing hubs, and long-term positioning as a center for green aluminum, steel, and essential minerals.

The report estimates that fully harnessing the potential of bauxite alone could empower over 10,000 small and medium enterprises (SMEs), generate 2.4 million jobs, and attract billions in investments to the state.