India News | Odisha Targets $500 Bn Economy in a Decade: CM Majhi Unveils 46 Industrial Projects Worth Rs 40,000 Cr
Get latest articles and stories on India at LatestLY. Odisha Chief Minister Mohan Charan Majhi on Wednesday inaugurated and laid the foundation stones for 46 industrial projects valued at approximately Rs 40,000 crore across the state, outlining a roadmap to transform Odisha into Eastern India’s primary manufacturing hub and build a USD 500-billion economy over the next decade.
Jajpur (Odisha) [India], October 14 (ANI): Odisha Chief Minister Mohan Charan Majhi on Wednesday inaugurated and laid the foundation stones for 46 industrial projects valued at approximately Rs 40,000 crore across the state, outlining a roadmap to transform the state into Eastern India’s primary manufacturing hub and build a USD 500-billion economy over the next decade.
Addressing a groundbreaking and inauguration ceremony in Jajpur, the Chief Minister said that the newly launched projects span steel, renewable energy, food processing, textiles, chemicals, logistics, tourism, IT, and electronics. The ventures are projected to create 42,500 direct employment opportunities and more than double that number in indirect jobs.
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Underlining his administration's economic vision, Majhi stated the government is committed to ensuring balanced regional growth across all districts while accelerating industrial output.
"Our government aims to make Odisha eastern India's manufacturing hub and expand its economy to at least USD 500 billion over the next decade, while ensuring balanced industrial development across all districts," Majhi said.
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Highlighting the state's investment momentum, the Chief Minister revealed that Odisha has grounded or inaugurated 151 projects in less than two years, representing investments of over Rs 3.11 lakh crore and offering employment potential for more than 2.4 lakh people.
He further noted that the State Level Single Window Clearance Authority (SLSWCA) and the High-Level Clearance Authority (HLCA) have cleared 560 industrial proposals with an aggregate investment value exceeding Rs 12.07 lakh crore, capable of generating upwards of 6.96 lakh jobs.
The CM said the government is prioritising labour-intensive sectors, including textiles, apparel, food processing, metals, pharmaceuticals and services. He also highlighted skill development through the World Skill Centre and called for more employment opportunities for women.
Taking a direct swipe at opposition parties, Majhi said, "They are busy with protests; we are busy with development. They are busy with politics; we are busy with Odisha's progress," assuring investors of continued government support throughout the project life cycle. (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)