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Bhubaneswar: Chief Minister Mohan Charan Majhi has declared that Odisha is set to play a pivotal role in India\u2019s growth trajectory, aiming to become a key growth engine for the nation by 2047.<\/p>\n
Majhi made this assertion during the inauguration of \u2018Resurgent Odisha 2024,\u2019 a prominent business conclave organized by the Utkal Chamber of Commerce and Industry Limited (UCCIL) in collaboration with the state\u2019s Micro, Small, and Medium Enterprises (MSME) Department on Friday.<\/p>\n
The conclave, which will run until September 1, has brought together industry leaders and government officials to chart Odisha\u2019s future course.<\/p>\n
Majhi highlighted Odisha\u2019s ambitious economic goals, projecting that the state\u2019s economy will reach Rs 41 lakh crore by 2036, marking 100 years since its formation. Looking further ahead, he expressed the state\u2019s aspiration to achieve a 1.5 trillion-dollar economy by 2047, with the government making rapid strides toward these targets.<\/p>\n
The Chief Minister underscored the importance of industrialization in driving this growth, emphasizing the creation of employment opportunities for Odisha\u2019s youth. He pointed out that while Odisha remains an agrarian state, with three-fourths of its population relying on agriculture, there is a critical need to balance industrial expansion with agricultural development.<\/p>\n
Majhi also stressed the government\u2019s dual focus on large-scale industries and small and medium enterprises, including those in the agro-based sector. He noted that successful industrialization would alleviate concerns about employment among the youth, securing their livelihoods within the state.<\/p>\n
Reaffirming Odisha\u2019s commitment to the \u2018Purvodaya\u2019 development initiative, Majhi stated that the state is poised to lead this endeavor, contributing significantly to India\u2019s overall progress.<\/p>\n
Deputy Chief Minister Kanak Vardhan Singh Deo called on industries to prioritize value addition to the state\u2019s agricultural produce. He highlighted the government\u2019s initiative to offer land leases at no cost to companies willing to establish industries in Odisha, positioning the state as a potential industrial hub.<\/p>\n
Industries Minister Sampad Chandra Swain shared plans for the upcoming Utkarsh Odisha Investors\u2019 Summit, where the state aims to attract Rs 2.5 lakh crore in investments by 2029.<\/p>\n
He also announced the establishment of an FDI Park, targeting USD 2 billion in Foreign Direct Investment (FDI), as part of the state\u2019s strategy to enhance its contribution to India\u2019s exports to 2.5% and eventually secure the third position in the country by 2047.<\/p>\n
Swain emphasized Odisha\u2019s focus on attracting investments in emerging sectors such as green hydrogen, semiconductors, and IT.<\/p>\n
China\u2019s Consul General Xu Wei praised Odisha\u2019s rapid economic growth and rich mineral resources, highlighting the potential for stronger trade ties between India and China, particularly with eastern states like Odisha.<\/p>\n
He noted that bilateral trade between the two nations currently stands at USD 130 billion.<\/p>\n<\/div>\n
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[ad_1] \u00a0 Bhubaneswar: Chief Minister Mohan Charan Majhi has declared that Odisha is set to play a pivotal role in India\u2019s growth trajectory, aiming to become a key growth engine for the nation by 2047. Majhi made this assertion during the inauguration of \u2018Resurgent Odisha 2024,\u2019 a prominent business conclave organized by the Utkal Chamber […]<\/p>\n","protected":false},"author":1,"featured_media":43127,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[69],"tags":[],"class_list":["post-43126","post","type-post","status-publish","format-standard","has-post-thumbnail","category-states"],"jetpack_featured_media_url":"https:\/\/thenftimes.com\/wp-content\/uploads\/2024\/08\/CM-Mohan-Majhi-Envisions-Odisha-As-Indias-Growth-Engine-By-2047.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/43126","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/comments?post=43126"}],"version-history":[{"count":1,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/43126\/revisions"}],"predecessor-version":[{"id":43128,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/43126\/revisions\/43128"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/media\/43127"}],"wp:attachment":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/media?parent=43126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/categories?post=43126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/tags?post=43126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}