Bhubaneswar: Odisha has the potential to create approximately 10 lakh new full-time equivalent (FTE) jobs across three green sectors — energy transition, circular economy, and bio-economy and nature-based solutions— and attract INR 3.5 lakh crore (~USD 42 billion) in investments by 2030, reveals a new, independent study by the Council on Energy, Environment and Water (CEEW).The study was launched today at the ‘Utkarsh Odisha – Make in Odisha Conclave’ in Bhubaneshwar by Anu Garg, Development Commissioner cum Additional Chief Secretary, Planning and Convergence Department, Government of Odisha.It finds that this could directly contribute INR 2 lakh crore (~USD 24 billion) to the state’s GDP, boosting it by 23 per cent and positioning Odisha as a leader in India’s green growth. The study identifies 28 green value chains, ranging from seaweed cultivation and bamboo processing to floating solar and e-waste recycling, which together represent immense economic potential. Its proposed Green Odisha Initiative provides a roadmap to integrate policies, investments, and actions across sectors to realise these opportunities.The first-of-its-kind CEEW study, “How a Green Economy Can Deliver Jobs, Growth and Sustainability in Odisha”, calculates the jobs, market, and investment opportunities across these 28 value chains. About 14 value chains in the energy transition — such as solar, wind, battery storage systems, and electric vehicle manufacturing — could attract INR 1.5 lakh crore in investments and create 4 lakh new jobs by 2030.Further, bio-economy and nature-based solutions such as sustainable packaging, bio inputs for agriculture, mangrove restoration, agroforestry, and seaweed cultivation could create over five lakh jobs while contributing INR 26,000 crore to Odisha’s economy. Additionally, sustainable tourism offers a significant opportunity to leverage the state’s rich cultural and ecological heritage, driving inclusive growth and expanding economic opportunities in underserved regions.Dr Arunabha Ghosh, CEO, CEEW, said, “India’s transition to a green economy will be shaped by the vision and actions of its states, and Odisha is leading the charge. As the first state to secure global climate funding and adopt climate budgeting, Odisha demonstrates how bold policy innovation can drive transformative change.By leveraging its natural diversity and critical mineral resources, the state could now become a hub for green industries and sustainable livelihoods from solar to seaweed, setting a benchmark for aligning economic growth with climate resilience. As India looks ahead to the Union Budget on 1 February, Odisha’s leadership offers a blueprint for making the green economy a national priority, accelerating India’s journey toward a sustainable and equitable future.”The CEEW study also found that promoting a circular economy in Odisha through recycling and reuse initiatives could generate over 30,000 new jobs and INR 10,00
Ven. Gen 31st, 2025
