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Bhubaneshwar – Attractive Investment Destination in Eastern India

by Gias
August 30, 2021
Reading Time: 2 mins read
0
Bhubaneshwar – Attractive Investment Destination in Eastern India

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Bhubaneshwar is the capital and largest metropolis of the Indian state of Orissa. Famend German architect Otto Konigsberg designed the trendy metropolis of Bhubaneshwar in 1946. Town can also be referred because the “Temple Metropolis of India” because it accommodates a lot of Hindu temples.

Bhubaneshwar was primarily designed to be a residential metropolis having outlying industrial areas. Till the Nineties the town did not have any main investor and was dominated primarily by Public Sector Items, small scale and retail manufacturing. As we speak, Bhubaneshwar is among the most most well-liked funding locations of India.

Bhubaneshwar is ranked the fifth quickest rising Indian metropolis by way of actual property. It has the sacred cities of Puri and Konark and attracts many pilgrims and vacationers yearly.

Transport Infrastructure
Bhubaneshwar has well-developed roadways and homes the headquarters of the Orissa State Street Transport Company (OSRTC). Even the headquarters of the East Coast Railway is positioned in Bhubaneshwar. Via the every day specific, passenger and weekly trains it’s related to main Indian cities resembling Delhi, Kolkata, Mumbai, Chennai, Gwalior, Ahmedabad, Lucknow, Bhopal, Jaipur and Ujjain.

Bhubaneshwar additionally homes Orissa’s solely home airport, the Biju Patnaik Airport, additionally known as because the Bhubaneshwar airport. It has common flights to main Indian locations.

Economic system
Bhubaneshwar has emerged to be one of many quickest creating semiconductor and IT hubs of India. The state authorities has furthered the IT development in Bhubaneshwar by constructing IT parks resembling Infocity 1 and the brand new Infocity 2. The Data Metropolis was conceptualized as a 5-star IT park, as per the Export Promotion Industrial Parks (EPIP) Scheme.

Bhubaneshwar additionally homes reputed IT firms resembling Satyam Laptop Companies Ltd., and Infosys, which have been in Bhubaneshwar since 1996-97. In February 2008, one other esteemed firm, Wipro, began its operation in Bhubaneshwar. This state has additionally earned a unprecedented distinction of being the primary metropolis to accommodate the highest 4 Indian IT firms, specifically Infosys, TCS, Mahindra Satyam and Wipro.

As well as, it has additionally attracted overseas firms resembling Nethawk (Finnish Telecommunication Firm), IBM, Robert Bosch and Gennum Company (Canada).

Future Plans for the Metropolis
The Imaginative and prescient 2030 and Complete Growth Plan (CDP) framed by the Division of Structure and Regional Planning at IIT Kharagpur, ideates integration of two massive cities of Cuttack and Bhubaneshwar right into a single 720 sq. Km City Complicated.

This Imaginative and prescient 2030 goals at reworking Cuttack and Bhubaneshwar right into a world-class city middle to create enticing funding alternatives from each, home and abroad sources.

The Complete Growth Plan (CDP) strives to create textile parks and prime city facilities within the Bhubaneswar – Cuttack City Complicated. It additionally envisages selling intra-regional mass transportation networks via higher airway and railway connections. It additionally goals at selling tourism via movie metropolis tasks, theme parks and journey circuits resembling artwork villages, nature trails and Palace-on-Wheels.

The CDP has additionally recommended the creation of theme oriented cities on the traces of training, well being and software program. A Particular Tourism Park can also be anticipated to facilitate tourism within the Bhubaneswar-Puri-Konark Hall.

By drawing a expertise pool of round 50,000 common and 20,000 technically certified graduates in Orissa, the town goals to export software program price approx. $1000 million by 2011-2012.

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Source by Kamal Poria

Tags: Attractivebest startups in indiaBhubaneshwarDestinationEasternIndiaindia investment newsindia investmentsindia markets todayindia opportunities fundindia opportunities portfolio strategyindia potential marketindia untapped marketInvestmentstartups in india
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