Next big chapter of India's growth story being written in Eastern India: Odisha CM
Bhubaneswar, June 26
Odisha Chief Minister Mohan Charan Majhi has said that the next major chapter of India's growth story is being written in Eastern India, in line with Prime Minister Narendra Modi's vision of Purvodaya.
Addressing the 3rd Eastern Regional Council Meeting of CII in Bhubaneswar, the Chief Minister said that Eastern India possesses abundant mineral resources, vast agricultural potential, a long coastline and a young workforce.
He added that the rapid growth of Eastern India would accelerate India's journey towards Viksit Bharat 2047.
Majhi said that Odisha is emerging as one of the fastest-growing states in economic and industrial development. He said the state's Samruddha Odisha 2036 vision has been aligned with the national vision of Viksit Bharat 2047.
The Chief Minister said that under Deregulation 1.0 and 2.0, the time required to establish industries has been reduced from 400 days to less than 160 days, with the government aiming to further reduce it to under 100 days.
The Chief Minister noted that Odisha has approved 477 projects worth nearly Rs 9.5 lakh crore since June 2024, which are expected to generate around six lakh jobs.
He added that 152 projects worth over Rs 3.11 lakh crore have already reached the implementation stage.
Majhi said that Odisha is transitioning from a resource-based economy to a value-added manufacturing economy, with a focus on sectors such as steel, aluminium, chemicals, textiles, semiconductors and electronics.
He noted that Paradip is emerging as a major petrochemical hub.
The Chief Minister has announced changes to the Industrial Policy Resolution (IPR) 2022 to promote non-mineral-based industries in backward districts, including Balangir, Kalahandi, Nuapada, Kandhamal, Boudh and Gajapati.
Announcing the 'Go East' initiative, Government of Odisha Eastern Investment Accelerator and Special Task Force, Majhi said that the policy would attract investments from Eastern and Northeastern India, facilitate industrial growth in border districts and make Odisha the most investor-responsive destination in Eastern India.
— ANI
Reader Comments
While the investment numbers sound impressive (9.5 lakh crore!), I hope the benefits actually reach the common people in backward districts like Kalahandi and Kandhamal. Infrastructure and jobs are good, but what about education and healthcare? Development shouldn't just be about factories.
As someone working in the steel industry, I can see the potential in Odisha. The mineral wealth is unmatched, and the focus on value-added manufacturing is smart. However, I'd like to see more details on how they plan to train the young workforce for these new tech sectors like semiconductors.
Finally, our region is getting its due! The 'Go East' initiative sounds promising. But I hope the environmental impact is also considered—mining and industry shouldn't destroy Odisha's beautiful forests and coastline. Sustainable development is the key, bhai log!
Impressive statistics: 477 projects worth Rs 9.5 lakh crore. But I'm skeptical about the job creation projections—6 lakh jobs from 477 projects seems optimistic. Let's see how many of those materialize in the next 5 years. Still, it's a step in the right direction for Viksit Bharat 2047.
As a young professional from Bhubaneswar, I'm excited about the focus on chemicals, textiles, and electronics. These sectors can really boost employment for educated youth. But please don't forget about supporting local startups and MSMEs alongside large industries. That's where real grassroots growth happens! 🙏
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