Economy
Khurda District is the most urbanized of all the Districts of Odisha. The District’s large human and natural resources, along with its huge knowledge base contributes to its economic growth and will also do so in the future. Bhubaneswar, the capital of the state is the most important city of not only the District, but also of the whole state. All the economic development of this District is prominently displayed by the developments going on in Bhubaneswar, be it in infrastructure, industry, education, health, IT or any other field. Major infrastructures like Fortune Towers, IDCO Towers and the innumerable other apartments that have been built here houses the ever growing population and industries, the most important elements influencing a region’s economy.There are also many industrial estates functioning in this District, like Mancheswar Industrial Estate and Khurda Industrial Estate.Many world class educational institutions have started in this District, admitting students from play schools to doctorate scholars, the majority of whom contribute to the District’s economy later on in their lives by utilizing their professional skills. Utkal University, IIT and KIIT, XIMB, IIIT etc are some examples of these educational institutions. Many national & international IT firms have set up their offices here, making this place the IT hub of the state which gives a scope to the large number of students graduating from the District to gain fruitful employment. Information Technology is a source from which the District gains substantial revenue.
Some major IT parks are being built here to house the number of IT companies interested to set up business here. The vast number of temples in this District gives a tremendous boost to the tourism industry of the state, thereby contributing immensely to its economic development. Bhubaneswar is fast replacing Cuttack as the industrial hub of the state.Khurda District is also an important centre of handloom industry. The lungis, napkins and saris produced here have a market all over Odisha as well as throughout the country. By harnessing land, labor and capital, long term investments in different sectors have been planned in this District by the government, which will very soon start moving it at par with the other regional vibrant economies of the country. Many private investments are also in the offering, giving unfaltering promises of development.
