Jeypore - Business & Economy

Business & Economy

Though traditionally an agrarian economy, Jeypore is the business hub for southern Orissa as well as the bordering towns of Andhra Pradesh. There is high potential growth of this town due to high minerals, opportunities, resources around the district adding to all the facilities like rail, air in this town. There are many renowned industries in and around Jeypore. Business units include Sewa Paper Mills Sewa Paper Mills, now a part of BILT, and numerous rice & cashew processing units. PSU company POWER GRID CORPORATION OF INDIA LTD has its 400 kV Sub-Station with FSC system at Kaliagaon". NALCO, Hindustan Aeronautics Limited (HAL) and Coffee Board are some prominent government based units situated nearby. Huge granite deposits on hills, rich forests and forest-based produce are important contributors to Jeypore’s economy. Apparels, shoes and animal products are also significant contributors.

Koraput District small scale industries office is situated in Jeypore to promote and growth of industries in this reason. There are certain allocated land marked as Industrial area which proposed for all future growth.

You will see many major public and private sector banks having their branch(s) offices in Jeypore like SBI, HDFC, Axis, ICICI, Punjab National, Indian bank, IOB etc. All public sector Insurance companies like LIC, Oriental etc. also have their offices in Jeypore. Jeypore is the biggest commercial hub of south Orissa hence there are many local private recognized banks also have their head office in Jeypore. Koraput Central Co-operative bank having their head office and Utkal Gramya Bank is having their controlling office in Jeypore. Other tax authorities like Income tax, Excise and sales having their presence in this town.