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Bhubaneswar Economy

Bhubaneswar Economy

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Published by Binita Tiwari

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Published by: Binita Tiwari on Jan 22, 2012
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01/22/2012

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Bhubaneswar Economy

The elements of Bhubaneswar economy ranges from agriculture, horticulture, sericulture, metal and minerals sector, engineering and agro-based industries to information technology enabled services as well as hand loom and tourism industry. Bhubaneswar Economy depends mainly on agriculture, sericulture, horticulture and IT industry. The development of these sectors and their further growth have led to the growth of other subsidiary sectors like Banking sector, metals and minerals industry. The growth of Tourism industry has led to the growth of Hotel industry. Basic service providers like fire services, electricity services, medical services, etc, have played a very big role in the growth of Bhubaneswar's Economy. A new revolution is expected in Bhubaneswar Economy after the arrival of the three largest IT parks- Info Park, Knowledge Industry Township and IDCO-Gen pact BPO Complex. It will mark a new era in the economy of Bhubaneswar. Bhubaneswar Economy is basically shaped by people who do not belong to Orissa. Of late the potential of this place has been realized by the big giants like Infosys, Balasore Alloys, Reliance Energy, Satyam, SAIL, NALCO, Tata Steel and many others. These are the companies who have invested the major stake in the Bhubaneswar economic structure after analyzing the potential of Bhubaneswar's market. For further economic development of Bhubaneswar, the Orissa Government has encouraged private investment from more companies. All this has led to the growth of banking sector and other allied industries in Bhubaneswar adding more revenue to Bhubaneswar Economy.

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