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Economy of Bhubaneswar


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Bhubaneswar was meant to house the state's machinery and hence was designed to be a largely residential city with outlying industrial areas. The city's economy had few major players till the 1990s and was dominated by Public Sector Units (PSU), retail and small scale manufacturing.

With the economic liberalisation policy adopted by the Government of India in the 1990s, Bhubaneswar received investment in telecommunications, Information Technology(IT) and higher education, particularly engineering. The city is home to around 105 engineering colleges (as of 2011) and the number is growing every year. The city is also home to tutorials and coaching institutes who prepare students for entrance exams.

Retail and Real Estate have also emerged as big players. Recent times have seen retail chains such as Reliance, Vishal Megamart, Big Bazaar, Pantaloons, Pal Heights, The World etc. having outlets in Bhubaneswar. There has been a boom of Reliance retail chains with Reliance Fresh opening in the city, as well as Reliance Digital, Reliance Jewels, Reliance Super, Reliance Footprints, and Reliance Trendz. Large corporates like DLF Universal and Reliance Industries have also entered the real estate market in the city. The city is witnessing a boom in mall infrastructure with several of them opening in the last five years.

The minerals resources of Orissa have been the backbone of the economy dominated by government, the. Steel Authority of India Limited (SAIL) and private organizations like Essar Group, Indian Oil Corporation, Bhushan Steel, NALCO, Sterlite, Jindal, Vedanta and TATA Group.

Some of the populace live in slums. Migration from rural areas, especially from the northern districts of Andhra Pradesh, has led to the growth of slums which are a major challenge to the city's growth. The main problem of the city is transport, as the quality and length of roads have not increased with respect to the rise in number of vehicles.

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