Odisha's critical mineral sector likely to touch $20 bn by 2032: Study
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New Delhi: Odisha's critical minerals sector is set to hit $ 18-20 billion by 2032 from $ 8 billion currently, while the processing and manufacturing share will quadruple, a study by an industry body said.
According to new projections by the Net Zero Energy Transition Association (NETRA) released at the recently concluded Global Cleantech Expo-Odisha 2026, the state is set for a transformative leap in the critical minerals sector.
The study revealed that Odisha’s mineral production value is expected to skyrocket from $ 8 billion in 2025 to $ 18-20 billion by 2032, with a dramatic shift in the state's mining, processing, and manufacturing profile, from 40 per cent, 10 per cent and 5 per cent in 2025 to 50 per cent, 40 per cent, and 30 per cent, respectively, by 2032, driven by focused policy and industrial investment.
The two-day Global Cleantech Expo-Odisha 2026, held in Bhubaneswar on February 20-21, was inaugurated by state MSME Minister Gokulananda Mallik.
The expo featured over 75 exhibitors from across the clean technology spectrum, including Luminous, GMR, AMAZE, Havells, MGM Green Energy, ICON Solar, Trontek, NED Energy, Navitas, Novasys, PV Blink, World Green Energy and others.
The event witnessed the presence of senior government officials and industry leaders, highlighting Odisha’s growing stature as a cleantech investment destination.Debi Prasad Dash, Executive Director, NETRA, said, "Odisha’s rapid rise as a preferred destination for critical minerals and cleantech investment reflects the state’s progressive vision and proactive policy environment. With significant reserves of over 30 critical minerals, Odisha is uniquely positioned to anchor India’s clean energy future".
