USD 1.5 trillion – Odisha’s broader economic vision for 2047
“Odisha Charts Growth-Hub Vision for Bhubaneswar–Cuttack–Puri–Paradip Region to Drive USD 500-Billion Economy by 2047
The Stakeholder Consultation on the Bhubaneswar–Cuttack–Puri–Paradip Economic Region (BCPPER) concluded today at the State Convention Centre in Bhubaneswar, marking a significant step toward transforming Odisha into a powerhouse of economic growth. The event, attended by senior government officials, industry leaders, and experts, showcased a visionary roadmap to position the BCPPER as a cornerstone of India’s economic future. A key highlight was the detailed presentation by Smt. Anna Roy, Senior Economic Advisor, NITI Aayog, who outlined a transformative Growth-Hub strategy for the region.
A Vision for a USD 500-Billion Economy
Smt. Anna Roy emphasized the BCPPER’s potential to become a USD 500-billion economy by 2047, aligning with Odisha’s ambitious goal of achieving a USD 1.5-trillion economy. The Growth-Hub strategy focuses on leveraging the region’s strategic location, rich cultural heritage, and industrial potential to drive sustainable and inclusive growth. By integrating Bhubaneswar’s administrative prowess, Cuttack’s commercial legacy, Puri’s spiritual and tourism appeal, and Paradip’s port-based industrial strength, the plan aims to create a dynamic economic corridor that fosters innovation, investment, and job creation.
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Stakeholder Insights Shape the Roadmap
The consultation provided a platform for robust discussions, with stakeholders offering valuable inputs on critical areas such as sustainable infrastructure, innovation, tourism, housing, and inclusive growth. Industry leaders highlighted the need for modern infrastructure to support industrial expansion, while experts emphasized sustainable urban planning to accommodate the region’s growing population. Tourism stakeholders advocated for promoting Puri’s spiritual significance alongside eco-tourism and coastal tourism in Paradip. These inputs will play a pivotal role in refining the BCPPER roadmap, ensuring it reflects the region’s diverse needs and aspirations.
Focus on Sustainable and Inclusive Development
The Growth-Hub strategy places sustainability at its core, aiming to balance economic progress with environmental conservation. Proposals include developing smart cities with green infrastructure, promoting renewable energy, and enhancing connectivity through advanced transport networks. The strategy also prioritizes inclusive growth, with initiatives to empower marginalized communities, create employment opportunities, and improve access to education and healthcare. By fostering collaboration between government, industry, and local communities, the BCPPER aims to ensure equitable benefits for all.
Positioning BCPPER as a Global Economic Hub
The BCPPER is poised to emerge as a global economic hub, capitalizing on Paradip’s strategic port to boost trade and logistics. The region’s proximity to international shipping routes makes it an ideal gateway for exports, particularly in sectors like steel, petrochemicals, and marine-based industries. Additionally, Bhubaneswar’s growing IT and startup ecosystem, combined with Cuttack’s manufacturing base, will drive innovation and entrepreneurship. The strategy also envisions Puri as a global spiritual and cultural tourism destination, attracting millions of visitors annually.
A Collaborative Path Forward
The consultation underscored the importance of collaboration in realizing the BCPPER’s potential. Senior officials from NITI Aayog and the Odisha government committed to working closely with stakeholders to finalize the roadmap. The strategy will incorporate advanced technologies, public-private partnerships, and policy reforms to create an enabling environment for growth. As Odisha takes bold steps toward its USD 1.5-trillion vision, the BCPPER is set to become a model for regional economic transformation in India. With the stakeholder consultation setting a strong foundation, the BCPPER Growth-Hub strategy promises to unlock unprecedented opportunities, positioning the region as a beacon of progress and prosperity by 2047.
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