The state's debt is estimated at almost 59 per cent of its GDP in 2005.
Industrial growth
Orissa has abundant natural resources and a large coastline. It contains a fifth of India's coal, a quarter of its iron ore, a third of its bauxite reserves and most of the chromite. Rourkela Steel Plant was the first integrated steel plant in the Public Sector in India. It receives unprecedented investments in steel, aluminium, power, refineries and ports. India's topmost IT consulting firms, including Mahindra Satyam, TCS (Tata Consultancy Services), MindTree Consulting, PricewaterhouseCoopers and Infosys have large branches in Orissa. IBM, Syntel and Wipro are setting up development centers in Orissa. So far, two of the S&P CNX 500 conglomerates have corporate offices in Orissa, for example, National Aluminium (2005 gross income Rs.51,162 million) and Tata Sponge Iron (2005 gross income Rs.2,044 million).
Orissa is notable as one of the first Ind
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