Odisha Critical Minerals Sector to Reach USD 20 Billion by 2032, Processing Share to Quadruple: NETRA Study

Odisha Positioned for Transformative Growth in Critical Minerals​

New Delhi, February 23: Odisha’s critical minerals sector is projected to expand sharply over the next seven years, with its total value expected to rise from USD 8 billion in 2025 to between USD 18 billion and USD 20 billion by 2032, according to a new study by the Net Zero Energy Transition Association.

The projections were unveiled during the Global Cleantech Expo Odisha 2026, highlighting what industry stakeholders describe as a structural shift in the state’s mining and value addition ecosystem.

Processing and Manufacturing to Gain Strategic Share​

The study outlines a significant transformation in Odisha’s mineral value chain. In 2025, mining accounts for 40 percent of the sector’s profile, while processing and manufacturing contribute 10 percent and 5 percent respectively.

By 2032, this mix is expected to change markedly. Mining is projected to rise to 50 percent, while processing is set to increase to 40 percent and manufacturing to 30 percent. The shift is being driven by focused policy initiatives and industrial investments aimed at strengthening downstream value addition within the state.

The projections indicate that Odisha is moving beyond raw mineral extraction toward a more integrated model combining mining, processing and advanced manufacturing.

Global Cleantech Expo Odisha 2026 Showcases Investment Momentum​

The two day Global Cleantech Expo Odisha 2026 was held in Bhubaneswar on February 20 and 21 and was inaugurated by Odisha MSME Minister Gokulananda Mallik.

The event brought together more than 75 exhibitors from across the clean technology spectrum. Participating companies included Luminous, GMR Group, Havells, Himadri Speciality Chemicals, Hindalco Industries and Tata Power among others.

Senior government officials and industry leaders attended the expo, underlining Odisha’s growing profile as a cleantech investment destination.

Odisha’s Mineral Reserves Strengthen Clean Energy Ambitions​

Speaking at the event, Debi Prasad Dash, Executive Director of the Net Zero Energy Transition Association, said Odisha’s emergence as a preferred destination for critical minerals and cleantech investment reflects a proactive policy environment and long term vision.

He noted that the state holds reserves of more than 30 critical minerals, positioning it to play a central role in India’s clean energy transition. Recent discoveries of lithium in Nayagarh, along with graphite, vanadium and cobalt, are expected to further strengthen supply chains and value addition efforts.

Rare Earth Corridor and Auctions Boost Industrial Pipeline​

Policy initiatives such as the Rare Earth Corridor in Ganjam and a dedicated auction calendar for critical mineral blocks are accelerating Odisha’s ambitions to become a hub for solar, battery and electric vehicle manufacturing.

More than 10 leading industries have pledged manufacturing investments in the state, leveraging Odisha’s port connectivity to access domestic and global markets.

Minister Gokulananda Mallik said the state government’s commitment to achieving the Net Zero goal by 2070 is catalysing growth for MSMEs and startups. He reiterated that the state’s 5J vision, covering Jal, Jungle, Jami, Jiba Jantu and Jana Sadharan, places sustainability and ecological conservation at the core of development.

Over 35 Critical Mineral Blocks Up for Auction​

With robust port infrastructure and more than 35 critical mineral blocks lined up for auction, Odisha is rapidly advancing its position in India’s critical minerals strategy.

The projected surge to USD 20 billion by 2032 signals a decisive move toward deeper processing, manufacturing integration and clean technology leadership, reinforcing Odisha’s standing as an emerging cleantech powerhouse in the country.