Report Summary Detailed PEST Analysis, Key Industries Analysed with Investment Opportunities in a Boon to Self Reliant India
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Cuttack, which lends its name to the District, is also known as the business capital of Odisha. The word Cuttack derives its name from the anglicized Sanskrit word Kataka, which has two meanings-one being military camp and the other being the seat of government, protected by the army. This city takes pride in the fact that it had been the capital of Odisha, before its shifting to Bhubaneswar, the new capital.
Cuttack is believed to have the largest GDP among all cities in Odisha due to its large business houses and a wide range of industries ranging from ferrous alloys, steel and logistics to agriculture and traditional industries like textiles and handicrafts. There are many trading houses in the city renowned nationally and internationally. The Paradip Port which is around 85 km from the city facilitates this process. Proximity to the capital city, Bhubaneshwar, and existing multi-modal connectivity, has made Cuttack one of the most preferred investment destinations in the State in recent times. Blessed to be on the banks of Mahanadi (the center of Odisha’s Industrial Growth), Cuttack can become a ‘Next - Best' City for Global Industrial Re-shoring in India.
Major Industries Include – Including Ferrous Alloys, Steel, Food & Allied, Chemical & Allied, Engineering & Metal Based, Forest & Wood, Textiles, Paper & Paper Products
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