Odisha’s Critical Mineral Industry Poised to Reach $20 Billion by 2032 – EQ
In Short : Odisha’s critical mineral sector is projected to reach $20 billion by 2032, driven by rising demand for minerals essential to clean energy, electric vehicles, and advanced manufacturing. With strong reserves, policy support, and growing investments, the state is positioning itself as a strategic hub for critical mineral extraction and value-added processing in India.
In Detail : Odisha is emerging as a key player in India’s critical mineral landscape, with projections indicating that the sector could reach a valuation of $20 billion by 2032. The growth outlook is supported by increasing global demand for minerals vital to renewable energy systems, battery manufacturing, electric mobility, and high-tech industries.
The state is endowed with substantial reserves of minerals such as bauxite, chromite, nickel, cobalt, and rare earth elements. These resources are essential inputs for lithium-ion batteries, solar modules, wind turbines, and advanced electronics. As countries accelerate decarbonization efforts, demand for such materials is expected to surge steadily over the coming decade.
Strategic policy measures and exploration initiatives are strengthening Odisha’s position in the critical mineral value chain. Enhanced geological surveys, improved mining practices, and streamlined regulatory frameworks are encouraging both domestic and international investment in mineral development projects.
Value addition is becoming a central focus for the state government. Instead of limiting activity to raw mineral extraction, Odisha aims to expand downstream processing, refining, and manufacturing capabilities. This integrated approach is expected to create employment opportunities, boost industrial growth, and enhance export competitiveness.
The push toward critical mineral development also aligns with India’s broader energy transition goals. Securing domestic supply chains for battery and renewable energy components reduces import dependency and strengthens national energy security. Odisha’s resource base makes it strategically important in this context.
Infrastructure development, including improved transport networks, port connectivity, and industrial corridors, is further supporting sectoral expansion. Efficient logistics will play a vital role in ensuring timely movement of raw materials and finished products to both domestic and international markets.
Sustainability and responsible mining practices are expected to be integral to the sector’s growth trajectory. Adoption of advanced technologies, environmental safeguards, and community engagement frameworks will be critical to balancing economic expansion with ecological preservation.
With strong resource potential, policy backing, and rising global demand, Odisha’s critical mineral sector is positioned for transformative growth. If current momentum continues, the state could become a cornerstone of India’s clean energy supply chain and a significant contributor to the global minerals market by 2032.
