Greening Odisha’s economy could generate 10 lakh new jobs, attract Rs 3.5 lakh cr in investments by 2030: CEEW

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 Ra 3.5 lakh crore 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 Development Commissioner Anu Garg. It finds that this could directly contribute Rs 2 lakh crore 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 Rs 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.