Published on Sept 25, 2024Updated on Apr 23, 2025
Odisha, renowned for its stunning ancient temples, vibrant tribal culture, and picturesque beaches, offers much more than its natural beauty. The state boasts a rich cultural heritage with diverse dance forms, traditional arts and crafts, and exquisite cuisine.
In recent years, Odisha has experienced rapid economic growth, transitioning from an agriculture-based economy to one driven by services and industry. Its strategic coastline supports ports and marine trade, while a booming tourism industry helps leverage the natural beauty of Odisha. Home to industries such as manufacturing, mining and quarrying, sericulture, and construction, there is no shortage of small business opportunities in Odisha.
Below is a list of small business opportunities in Odisha:
Coconut processing involves using coconuts as raw material to produce end products such as coconut oil, coconut powder, desiccated coconut, etc. This industry has the potential to provide employment and enjoys support from the government. By creating opportunities for both farmers and entrepreneurs, coconut processing is poised to be a promising and profitable business sector in Odisha.
Renowned ethnic fabrics like Ikat, Sambalpuri, and Bomkai originate from Odisha. With modernisation, this sector is reviving and shows promise to evolve into a vibrant and sustainable enterprise capable of providing livelihood to hundreds of weavers and artisans.
Odisha has a rich tribal culture, and a tribal craft emporium is ideal for showcasing and promoting indigenous artists and crafts. These emporiums can feature products such as tribal jewellery, wood carvings, and textiles. Beyond supporting artisans, this industry also helps preserve traditional techniques and enables these crafts to reach global markets. Thus, establishing a tribal craft emporium could be an excellent business idea in Odisha.
These enterprises can help local communities and drive business growth in Odisha. They create income opportunities, promote indigenous skills, and are sustainable. Examples include organic farming and agri-products, bamboo and woodcrafts, and community-based fisheries and aquaculture.
Odisha has a rich biodiversity and forests, providing an abundance of herbal resources. The Gandhamardan hill range is famously known as the Ayurvedic Paradise of Odisha, and traditional knowledge holders are said to be collecting wild medicinal plants to treat illnesses. Business ideas in Odisha for this sector can include herbal medicine manufacturing, ayurvedic product development, spice and essential oil extraction, production of herbal tea and coffee, sourcing of herbs, online marketing, and e-commerce platforms.
Education and skill development can be a great business in Odisha. Demand in the sector is driven by government initiatives to improve education and employability, demand for skilled workforce in various industries, and presence of colleges, universities and vocational training institutions.
Business opportunities could focus on vocational training centres for several industries, institutions for underprivileged children, skill development programmes for women and youth, and online education platforms.
With its vast coastline, the state offers immense opportunities in water sports and adventure tourism. Businesses in Odisha can offer unique experiences for tourists while creating employment opportunities for locals. Aspiring business owners can explore ideas such as water sports equipment rental and training centres, eco-lodges and resorts, water-based amusement parks, and adventure tour operators or guides.
Even as Odisha is moving towards industrialisation and service-based sectors, it mainly remains an agrarian economy. Odisha’s farmers, entrepreneurs, and the agricultural ecosystem at large can benefit from implementing smart farming solutions. These can involve precision agriculture using drones and imaging, mobile apps for weather forecasting and market updates, digital marketplaces for farmers to sell products directly to customers, solar-powered farming, and other solutions involving renewable energy. These solutions require a high degree of technical knowledge and can make for a good startup idea in Odisha.
Known for its rich cultural heritage, Odisha makes for an ideal destination for cultural experiences. Entrepreneurs can partner with specialised tour operators, cultural centres and museums, local communities and artisans, online platforms, and hotels and resorts to provide cultural experiences. Examples of such experiences are guided temple tours, traditional Odia cuisine tasting experiences, handicraft workshops, tribal village visits, and festival tourism of famous events like Rath Yatra.
This is another example of a sustainable business in Odisha. Eco-friendly packaging businesses can take Odisha a long way in reducing its environmental footprint, attracting eco-conscious consumers, and creating a sustainable ecosystem. Entrepreneurs can explore options ranging from leaf-based packaging solutions and bamboo-based packaging products like boxes and crates to composting and waste management services.
Jute is abundantly grown in Odisha, with primary cultivation areas in the coastal plains of Cuttack, Balasore and Puri districts. This industry can be leveraged to create eco-friendly products such as jute bags and packaging materials, jute-based textiles and fabrics, jute composites for building materials, jute-based paper and cardboard products, and so on.
Odisha has a delectable cuisine and home-based catering services can make for one of the best businesses to start in Odisha. The business can serve authentic Odia cuisine while customising options for diverse tastes. Such a venture can preserve traditional cooking methods and recipes while increasing employment in the food sector. The target market for this business can include local events and parties, corporate meetings, functions, food festivals, online food delivery platforms, local restaurants and cafes, tourists and travellers looking for authentic Odia cuisine.
Odisha’s rich cultural heritage offers an array of opportunities for tourism and local experiences. Offerings in this area can consist of nature walks and trekking in the Eastern Ghats, community-based tourism, and offbeat and unconventional travel experiences. Businesses can cater to cultural enthusiasts, adventure seekers, food lovers, nature lovers, heritage tourists, responsible tourists, and international tourists seeking local experiences.
With wildlife sanctuaries, national parks, mangrove forests, wetlands, and the Eastern Ghats, Odisha is a treasure trove for eco-tourism and nature conservation. Revenue streams for businesses operating in this sector could be tourism operations, sustainable forest products, conservation efforts such as grants, carbon credits, and sustainable land-use practices.
Odisha offers an abundance of natural resources, cultural heritage, and business opportunities. You can pick from traditional as well as more modern businesses depending on your interests, skills, and market trends.
If you’re looking to expand your business or support daily operations, SMFG India Credit is a reliable financing partner. We offer unsecured business loans of up to INR 75 lakhs* at affordable interest rates so that you can focus on growing your business. Please note that one of our eligibility requirements is for your business to have been operating for at least 3 years. Apply online today or contact us for more information on alternative financing options if your business is still in the idea stage.
* Please note that this article is for your knowledge only. Loans are disbursed at the sole discretion of SMFG India Credit. Final approval, loan terms, disbursal process, foreclosure charges and foreclosure process will be subject to SMFG India Credit's policy at the time of loan application. If you wish to know more about our products and services, please contact us
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