Comparative investment in Karnataka and Odisha

Compare heavy industry investment totals for Karnataka and Odisha in 2024-25

In comparing heavy industry investment totals for Karnataka and Odisha in 2024-25:

Karnataka attracted approximately INR 4.27 lakh crore (about USD 55.5 billion) in investments across sectors including heavy industries, advanced manufacturing, semiconductor equipment, EV, avionics, and clean energy-related manufacturing. Karnataka accounted for about 20% of India's Foreign Direct Investment (FDI) inflow, indicating a significant volume of investment in its industrial and technology sectors [10][5].

On the other hand, Odisha approved heavy industry projects worth roughly Rs 1.65 lakh crore (approximately USD 22 billion) during this period, primarily focused on steel, aluminium, cement, power generation, and green hydrogen. Odisha's investments are concentrated in large integrated steel plants, metallurgical projects, and related heavy industrial infrastructure, with government facilitation for major expansions [11][12][7].

To summarize the comparison:

| State | Heavy Industry Investment Total (2024-25) | Investment Focus |
|-----------|--------------------------------------------------|---------------------------------------------|
| Karnataka | INR 4.27 lakh crore (USD ~55.5 billion) | Semiconductor, EV, avionics, advanced manufacturing, clean energy |
| Odisha | Rs 1.65 lakh crore (USD ~22 billion) | Steel, aluminium, cement, power, green hydrogen |

Karnataka's heavy industry investments in 2024-25 are approximately 2.6 times higher than Odisha's, reflecting Karnataka's diverse industrial investment base including high-tech manufacturing and clean energy sectors. Odisha’s investments, while smaller in total, are concentrated in heavy metallurgical and energy infrastructure sectors with large-scale integrated plants [10][11][12][5][7].

Citations:
[1] Five Indian states with highest FDI in FY 2024-25 https://www.investindia.gov.in/team-india-blogs/five-indian-states-highest-fdi-fy-2024-25
[2] Sector-Wise Projections 2024-25 https://www.nabard.org/auth/writereaddata/tender/2708240923pub_250124104035893.pdf
[3] State of State Finances 2024-25 https://prsindia.org/files/budget/State_of_State_Finances-2024-25.pdf
[4] India Manufacturing Tracker: 2024-25 https://www.india-briefing.com/news/india-manufacturing-tracker-2025-33968.html/
[5] Industrial Development & Economic Growth in Karnataka https://www.ibef.org/industry/karnataka-presentation
[6] Annual Report 2024-25 https://www.dpiit.gov.in/static/uploads/2025/06/3d9c9c2daeefb97bb9ce964370938b71.pdf
[7] Odisha Economic Survey 2024-25 - Finance Department https://finance.odisha.gov.in/sites/default/files/2025-02/Highlights%20and%20Executive%20Summary-English%20Version%20(1).pdf
[8] economic survey of karnataka https://data.opencity.in/dataset/de112131-ef56-4c2a-a001-da90cc0d06ca/resource/d652fb65-fde9-4c2b-a021-256c1bd7b73a/download/economic-survey-2024-25_compressed.pdf
[9] Annual Report 2024-25 https://www.niti.gov.in/sites/default/files/2025-02/Annual%20Report%202024-25%20English_FINAL_LOW%20RES_0.pdf
[10] Invest Karnataka 2025 Wraps Up with ₹10.27 Lakh Cr https://investkarnataka.co.in/wp-content/uploads/2025/03/Invest-Karnataka-2025-Wraps-Up-with-%E2%82%B910.27-Lakh-Cr.pdf
[11] Odisha approves investment projects worth Rs 464.72 crore https://investodisha.gov.in/news/
[12] Odisha govt approves Rs 1,65303 crore investments for ... https://timesofindia.indiatimes.com/city/bhubaneswar/odisha-govt-approves-rs-165303-crore-investments-for-industrial-projects-across-seven-districts/articleshow/119631973.cms