Odisha’s industries are based mainly on the natural resources available in the state. It carries more than 35% of country’s natural resources. The state has significant reserves of iron ore, bauxite, nickel, coal, etc. Hence, it is an attractive destination for mineral-based industries. In March 2021, ArcelorMittal-Nippon Steel India and the Odisha government signed an MoU to establish a 12 MT integrated steel plant in the state, with an investment worth Rs. 50,000 crore (US$ 6.88 billion). In Union Budget 2021, Odisha allocated 6.4% of its total expenditure on health, (higher than the average allocation for health by other states (5.5%), 7.5% on rural development (higher than the average allocation for rural development by other states (6.1%) and 7.8% on roads and bridges (higher than the average allocation by states (4.3%). In Maritime India Summit 2021, the government announced to establish Odisha as the hub of maritime trade. About 153.07 lakh domestic tourists and 1.15 lakh foreign tourists visited Odisha in 2019-20. Total merchandise exports from Odisha stood at ~US$ 6.66 billion in FY20 and US$ 10.22 billion in FY21.