Odisha's Vision 2047: A Green Hydrogen and Semiconductor Hub
Key Ideas
- Odisha Chief Minister Majhi envisions the state becoming a significant growth engine of India by 2047, targeting a 1.5 trillion-dollar economy driven by industrialization and economic growth.
- The state aims to attract investments in key sectors like green hydrogen, semiconductors, and IT, focusing on creating employment opportunities and balancing industrial growth with agriculture.
- Deputy Chief Minister urges industries to focus on value addition to agriculture produced within the state, offering land leases at no cost to companies setting up industries in Odisha.
- Odisha Industries Minister aims to secure Rs 2.5 lakh crore in investments by 2029, set up an FDI Park targeting USD 2 billion in Foreign Direct Investment, and increase the state's contribution to the country's exports.
Odisha Chief Minister Mohan Charan Majhi envisions the state playing a vital role in India's growth as a major economic hub by 2047. The state aims to achieve a 1.5 trillion-dollar economy by attracting investments in key sectors like green hydrogen, semiconductors, and IT. During the 'Resurgent Odisha 2024' conclave, the focus was on industrialization and economic growth to create employment opportunities while balancing the needs of the agricultural sector. The government's initiatives include offering land leases at no cost to industries, aiming to secure significant investments by 2029 and increase the state's contribution to exports. The emphasis on value addition to agriculture, the establishment of an FDI Park, and the goal to become a leading industrial hub highlight Odisha's commitment to sustainable growth and development.
Topics
India
Investment
Economic Growth
Industrialization
Employment Opportunities
Trade Ties
Export Contribution
FDI Park
Utkarsh Odisha Investors' Summit
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