Odisha is the 8th largest state in India, located in the Eastern part of the country. It is rich in natural resources with an abundance of minerals like iron ore, chromite, coal, bauxite, nickel and manganese, apart from its rich density of forests, lakes and rivers. The state has a long coastline, which is home to Asia’s second largest ecosystem of mangroves and is known for its biodiversity. Though it has an agriculture based economy, it is swiftly transitioning towards an industry and service-based economy. 

Odisha – One of the fastest growing economies in India

The economy of Odisha is one of the fastest growing in India. During the last six years, the size of Odisha’s economy has increased by 122.27% in terms of the GSDP, while achieving a growth rate of 6.23% during this period. The state is estimated to grow by 7.8% during the current FY 2022-23 and is poised to register a growth in the range of 8-8.5% in 2023-24 in real terms.

Why should one go for Odisha tenders

Odisha is one of the most organised states that offers a conducive environment for ease of doing business to SMEs and MSMEs with their reformed policies, fiscal incentives and initiatives. Their twin policy of fiscal prudence and inclusive development has been the highlight of their growth trajectory. Financial management reforms and expenditure control mechanisms have helped Odisha in reducing a fiscal deficit of 8.2% of GSDP earlier, to less than 1% in 2021-22, despite the impact of the global financial crisis. Furthermore, industrial policy reforms have led to a sharp rise in private sector investments in industries like mining, following a steep increase in the prices of minerals in international markets. Last decade has also seen a significant growth in manufacturing and services sectors in Odisha and hence it makes a wise choice to not miss any Odisha tenders.

Roadmap for Odisha’s future growth

  • In the Budget 2022-23, Odisha has allocated 6.8% of its total expenditure on health, which is 0.8% higher than the average allocation by other states, 7.8% on rural development as opposed to 5.7% by other states, 7.8% on roads and bridges while other states have allocated an average of 4.7% and 6.6% on agriculture as against the average of 6% in other states.
  • In the present FY, 2.8 lac hectares of agricultural land will be brought under irrigation coverage with an estimated expenditure of more than ₹10,000 cr. 
  • The revenue expenditure of Odisha in this FY is estimated to be ₹1,45,727 cr, which is an increase of 21% of the previous year’s estimate. In addition, the capital outlet is estimated to be ₹38,732 cr, which is an increase of 66% over the previous year’s estimate.

Exciting developments in Odisha state

There are many exciting developments on the horizon for Odisha, from infrastructure projects to innovative manufacturing facilities. These will be making a significant impact on the state’s economy and landscape. Some of them include Dhamra Industrial SEZ, Dhamra Airport, National Investment Manufacturing Zone or NIMZ Kalinganagar, PCPIR Paradip Region, Paradip Port Expansion, Bhubaneswar Railway Station Redevelopment, Puri Heritage Corridor, Puri Railway Station Redevelopment, Bhubaneswar ISBT, Netaji Bus Terminal Cuttack, Subarnarekha Port, Bhadrak Textile Park, Info Valley Bhubaneswar, New Aluminium Park Angul, Plastic Park Paradip, Bargarh Mega Ethanol Plant, Biju Expressway, Coastal Highway Odisha and Kendrapara Mega Steel Plant Project, IOCL, BHEL.

How to find eProcurement Odisha tenders

The eProcurement System of Odisha provides bidders with Tender Schedules, and the provisions to submit their bids on the official portal. A highly recommended one-stop source to find relevant tenders for your business is BidAssist.com. It is absolutely free and has more than 4 crore tenders sourced from over 50,000 sources globally. It features 1,50,000 active tenders from India and 2,80,000 active tenders globally. Currently you will find at least 7,500 Odisha etenders from the state on BidAssist. In the year 2022, ~112,000 Cr worth of tenders were released on eProcurement Odisha portal, and all of those were featured on BidAssist.

What makes BidAssist different?

  • BidAssist not only features a broad spectrum of tenders but also classifies them into categories making the search easier for you
  • There are filters that narrow down your search results making it less tedious to find pertinent and desired business opportunities
  • Users can also search for their relevant search term within BOQs on BidAssist
  • There is an option to switch on ‘notifications’ to get timely updates on new tenders and any amendment on the current ones
  • BidAssist provides the latest information on Govt of Odisha tenders and projects sourced from multiple sources like the Government’s Tender Odisha portal, Odisha Government eProcurement System, newspapers and so on

More about BidAssist

The content database of BidAssist.com is more than double the size of other leading players in the market. BidAssist is by far the largest source of tenders, where tenders are classified based on more than 50 categories. There are 76 lacs/7.6 million tender results in India, and 42 Lacs/4.2 million tender results, globally. 

Begin your Odisha tender search on BidAssist. Reach out to the BidAssist support team for more information or any assistance.

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