Odisha Mineral Resources Economy

Odisha is a mineral-rich state in India, playing a crucial role in the country’s economy. Approximately 30% of India's total mineral resources are found here, making it a pivotal hub for mining activities. The state boasts a wide array of key minerals, including iron ore, bauxite, coal, and chromite. Iron ore is one of the most significant minerals in Odisha, with abundant reserves primarily located in the districts of Keonjhar and Sundargarh. The state is one of the largest producers of iron ore in India, supplying raw material to the burgeoning steel industry. This mineral has attracted numerous domestic and international investments, fueling economic growth and job creation. ? Bauxite, essential for aluminum production, is predominantly found in the Kalahandi and Koraput districts. The presence of rich bauxite deposits has encouraged the establishment of several aluminum smelting plants, contributing substantially to Odisha's industrial development and export earnings. Coal is another critical mineral, primarily sourced from the Angul and Sundergarh districts. It serves as a key input for thermal power plants, supporting the state's energy needs and enhancing industrial productivity. Odisha’s coal reserves are vital for both state and national energy security. Chromite, primarily extracted in the Sukinda valley, is significant for producing ferroalloys used in steel manufacturing. This mineral has placed Odisha among the top producers of chromite in the country. The mining sector in Odisha not only underpins the state’s industrial landscape but also significantly contributes to its GDP. While mining activities provide economic benefits, there is a growing emphasis on sustainable practices to mitigate environmental impacts and support local communities. The future of Odisha's mineral economy hinges on balancing development with ecological conservation.