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Rare earth corridor, waterway push to power Odisha’s industrial growth: CM Majhi hails ‘visionary’ Budget 2026

Budget 2026

Odisha Chief Minister Mohan Charan Majhi extended his congratulations to Finance Minister Nirmala Sitharaman following the presentation of the Union Budget 2026-27.Odisha Chief Minister Mohan Charan Majhi extended his congratulations to Finance Minister Nirmala Sitharaman following the presentation of the Union Budget 2026-27.

Odisha Chief Minister Mohan Charan Majhi extended his congratulations to Finance Minister Nirmala Sitharaman following the presentation of the Union Budget 2026-27. Characterising the fiscal plan as both visionary and welfare-centric, the Chief Minister emphasised its strategic focus on empowering the nation’s youth, farmers, entrepreneurs, workers, and the middle class.

Taking to his X handle, CM Majhi wrote, “This forward-looking and inclusive budget provides new opportunities for youth, security for farmers, incentives for entrepreneurs, relief for the middle class, and recognition for workers. It aims to accelerate innovation, manufacturing, and employment while strengthening agriculture, rural development, infrastructure, tourism, culture, and knowledge traditions, thereby realising the mantra of Development with Heritage.”

CM Mahi specifically highlighted the landmark announcement of a ‘Rare Earth Corridor’ for Odisha, asserting that this crucial decision will promote mineral processing, research, and high-technology manufacturing in the state.

He also welcomed the progress on National Waterway-5 (NW-5), which is designed to link the industrial and mineral heartlands of Talcher, Angul, and Kalinga Nagar directly to the major ports of Paradeep and Dhamra.

“For Odisha, the establishment of the ‘Rare Earth Corridor’ will promote mineral processing, research, and high-technology manufacturing. The operationalisation of National Waterway-5 (NW-5) will connect mineral-rich and industrial regions to ports, ensuring cost-effective and environmentally sustainable transport, while skill development centres along the waterway will equip local youth with training and employment opportunities,” added Majhi.

Additionally, the Chief Minister underscored the Budget’s focus on conservation-led tourism. He pointed to initiatives like the ‘Turtle Trails’ and Eastern Ghats mountain trails as vital steps toward protecting biodiversity and empowering local communities, ultimately branding Odisha as a premier global destination for adventure and nature enthusiasts.

“Support to MSMEs, startups, and indigenous production further strengthens the foundations of an ‘Atmanirbhar Bharat’. Through social justice, inclusive development, and good governance, this budget paves the way for India’s present and future growth. I convey my heartfelt gratitude to Hon’ble Prime Minister and sincere thanks to Hon’ble Finance Minister for this visionary and welfare-oriented budget,” noted Majhi.

On Sunday, Finance Minister Nirmala Sitharaman presented her record ninth consecutive Union Budget for the 2026-27 financial year in Parliament.

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