Odisha’s critical minerals sector is poised for massive expansion, with its value expected to more than double from USD 8 billion in 2025 to USD 18–20 billion by 2032, according to a study by the Net Zero Energy Transition Association (NETRA).
The projections were announced during the Global Cleantech Expo-Odisha 2026 held in Bhubaneswar and inaugurated by MSME Minister Gokulananda Mallik. The report highlights a major shift in the sector, with processing and manufacturing expected to grow significantly alongside mining.
Currently dominated by mining, the sector is expected to see strong growth in processing and manufacturing due to targeted government policies, industrial investments, and infrastructure development.
With reserves of over 30 critical minerals and recent discoveries including lithium in Nayagarh, along with graphite, cobalt, and vanadium, Odisha is emerging as a key hub for clean energy supply chains. Initiatives like the Rare Earth Corridor in Ganjam and dedicated mineral block auctions are expected to strengthen its position in solar, battery, and electric vehicle manufacturing.
The expo saw participation from over 75 cleantech companies and industry leaders, reinforcing Odisha’s growing importance in India’s clean energy transition.
