
Odisha Vision 2036-2047 focuses on economic hubs, industrial push, infrastructure, women-led growth
BHUBANESWAR: Odisha on Thursday laid out a bold and time-bound strategy to become a developed state by 2036 and a USD 1.5 trillion economy by 2047.
Released by Prime Minister Narendra Modi, the Vision-2036 blueprint, part of the broader 'Viksit Odisha for Viksit Bharat' agenda, sets ambitious targets to rapidly urbanise, double employment, and attract massive investments to the state.
The vision focuses on six foundational pillars: people first, rural empowerment, people-centric governance, prosperity for all, our legacy our pride, and technology leading the way. These encompass priority areas such as women-led development, quality education, universal healthcare, green energy, smart agriculture, and cultural revitalisation.
The state has set a target for the creation of over one crore new jobs, backed by massive investments in manufacturing, green energy, agriculture, skilling, and tourism.
A core part of this plan is the creation of world-class economic agglomerations. It envisages a Bhubaneswar-Cuttack-Puri-Paradip Economic Region (BCPPER), which will be developed into a USD 500 billion hub, contributing to one-third of the state's GSDP by 2047.
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Indian Express
24 minutes ago
- Indian Express
From the Opinions Editor: India needs a well thought out trade strategy, but first it needs a China strategy
Dear Express Reader Over the past 11 years, the Narendra Modi government has taken several steps to shore up the economic momentum, and put the country on a higher growth trajectory. But, despite its efforts to ensure macroeconomic stability, revive private sector investments and boost household consumption, growth has been less than spectacular. Between 2014-15 and 2024-25, the economy grew at an average of just 6.2 per cent. Now, in its third term, whether pushed by Donald Trump's tariff war or the imperatives of growth, the government is making a determined effort to sew up trade agreements, hoping they will help embed the country into global supply chains, catalyse exports, and push up growth. A trade deal has been struck with the UK, and talks are proceeding with the US and the EU, with many of the issues that have previously held back these agreements being either resolved or sidestepped. These agreements will ensure greater market access and bring down tariffs, improving competitiveness of exports. But the question is: Will these trade deals be enough? Can they alone facilitate India's deep integration with global supply chains? Can the country emerge as a major production hub without integrating more closely with the supply chains that run through South and East Asia which form a vital part of global production systems? The case of Apple is instructive. The dramatic scaling up of the Apple ecosystem in the country — the company has recently said that iPhones sold in the US market will be mostly sourced from India — is a remarkable development. It is a consequence of both the government's production linked incentive scheme and the firm wanting to diversify its production bases away from China. Now, Apple provides a supplier list — a list that represents 98 per cent of the company's direct spend for materials, manufacturing and assembly of its products worldwide. This would include suppliers not only those involved in the production of the iPhone but also in other Apple products. As per this list, in 2023, 156 of the company's suppliers had manufacturing locations in China, 42 suppliers were located in Japan, 35 in Vietnam and 33 in South Korea, and 14 in India. Two years later the numbers would have changed slightly — as per a recent report there are now more than 20 component suppliers in India — but, they would still point towards the centrality of South and East Asia, and China in particular, to the global production system — a fact that cannot be ignored. If India wants to be a part of the production chain of other Apple products and grab a greater share of the value addition in the production process, it would need the smooth flow of components/materials into the country and more component manufacturers to be located here. And therein lies India's conundrum. What is India's China strategy? Should the country also be a part of RCEP (Regional Comprehensive Economic Partnership) and CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership)? In 2019, India chose not to be part of RCEP — the trade agreement that spans China, Japan, South Korea, Australia, New Zealand and the 10 ASEAN member states (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam). The decision to not join was in large part attributed to concerns over China. But the trade relationship with China has only deepened since. And that is the reality, contrary to the desire of reducing the dependence on China. In 2018-19, before India withdrew from RCEP, its trade deficit with China stood at $53.5 billion. By 2024-25, it had surged to $99.2 billion, without RCEP. India, though, is not alone. Even as the US has tried to reduce its reliance on China, its deficit with the country, though it has declined in recent years, stood at a staggering $295 billion in 2024. And this does not account for rerouting of exports through other countries. But, it's not just about companies like Apple. The issue around rare earth minerals — used in a range of sectors such as smartphones, TVs, EV cars, solar panels and jet engines — underlines China's centrality to the global production system. This reality cannot be wished away. China accounts for 90 per cent of global processing of rare earths. With the country placing restrictions on its exports, EV manufacturers in India have reportedly sought the government's intervention in the matter. If these supplies continue to be restricted, India's EV push, and thus its efforts in shifting towards a cleaner vehicle fleet, risk being affected. And that won't be the only sector that is likely to be impacted. There are some reports which suggest that the government has raised the issue of export curbs on rare earth minerals and magnets with China. But it's not just India. Even the US has been affected. In fact, one of the key aspects of the US-China agreement that was announced by Donald Trump is the upfront export of full magnets, and any necessary rare earths by China. It is difficult to see companies move their production to India on the scale that is needed for the country to emerge as a manufacturing powerhouse unless they can be sure of stable trade relations, of supply chains working smoothly, of the seamless movement of components/personnel from other jurisdictions. India needs a well thought out trade strategy. The lack of clarity partly explains the sluggish pace of investments in the country by domestic as well as foreign firms — both of whom seem to be more inclined to invest in other jurisdictions presumably because the risk-return matrix is not as favourable in India. A clear strategy should give these firms the confidence needed to invest in the country. Take care, Ishan


Scroll.in
25 minutes ago
- Scroll.in
Top updates: Modi speaks to Iran president, calls for de-escalation amid conflict with Israel
Prime Minister Narendra Modi on Sunday spoke with Iran's President Masoud Pezeshkian, expressing concern over the recent escalation in the Iran-Israel conflict. In a social media post, Modi said that he reiterated the call for 'immediate de-escalation, dialogue and diplomacy as the way forward' amid the escalating tensions in West Asia. The prime minister's statement came hours after Tehran launched fresh strikes against Tel Aviv. Early on Sunday, the United States dropped bombs on three nuclear sites in Iran, CNBC reported. America's decision to directly enter the conflict came over a week after the Israeli military struck what it claimed were nuclear targets, and also other sites, in Iran with the aim of stalling Tehran's nuclear programme. Iran also retaliated with missile attacks on Israel. Here is more on this and other top updates: Hours after the US strikes on Sunday, Iran launched its twentieth wave of missile and drone strikes against Israeli military targets, CNBC reported, quoting Iran's state-owned media Fars. The Israeli Health Ministry said that 86 persons were injured in the latest round of Iranian missile strikes, The Times of Israel reported. The Islamic Revolutionary Guard Corp said that 'the criminal American regime' will suffer the consequences after bombing Iran, Al Jazeera reported. Iran said it has the right to resist 'with all its might' after the US's attacks, the news outlet reported. The International Atomic Energy Agency said that after the US strikes 'no increase in off-site radiation levels ' was reported in the region. The global nuclear watchdog added it would continue assessing the situation in Iran as more information emerged. Rafael Mariano Grossi, the director general of the agency, also announced an emergency meeting of the board of governors on Monday. Several European leaders, including European Commission President Ursula von der Leyen, have urged Iran to return to nuclear talks. Iranian Foreign Minister Abbas Araghchi, however, said that the US and Israel 'decided to blow up' diplomacy when they launched strikes on the country's nuclear sites. The minister said that Israel's June 13 strikes 'blew up' negotiations between Tehran and Washington. He added that the US similarly disrupted its discussions with European powers this week through its Sunday strikes. Araghchi added that he will fly to Moscow and have a meeting with Russian President Vladimir Putin on Monday. 'Russia is a friend of Iran and we enjoy a strategic partnership,' Al Jazeera quoted him as saying. 'We always consult with each other and coordinate our positions.'


Time of India
30 minutes ago
- Time of India
PM Modi speaks to Iranian President Pezeshkian; reiterates call for immediate de-escalation
Following the US attacks on Iran, Prime Minister Narendra Modi on Sunday spoke to Iranian President Masoud Pezeshkian and called for immediate de-escalation of Iran's conflict with Israel through dialogue and diplomacy. The United States bombed three nuclear sites in Iran that triggered a wider regional conflict on the tenth day of already existing Israel-Iran conflict. In a social media post, Modi said he expressed "deep concern" at the recent escalations. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Top 5 Dividend Stocks for May 2025 Seeking Alpha Read More Undo "Spoke with President of Iran @drpezeshkian. We discussed in detail about the current situation. Expressed deep concern at the recent escalations," Modi said. "Reiterated our call for immediate de-escalation, dialogue and diplomacy as the way forward and for early restoration of regional peace, security and stability," he said. Live Events — narendramodi (@narendramodi) Iran earlier issued a strong warning against the United States with Iran's Supreme Leader Ayatollah Ali Khamenei cautioning that US will suffer 'irreparable damage' if they enter this conflict militarily. Despite these threats, the US intervened in the Middle-East conflict militarily striking three nuclear sites in Iran - Fordow, Natanz and Isfahan. Also Read: 'The only path forward is diplomacy,' UN Secretary General after US attacks Iran Post American B-2 bo,bers strike on Iran, US President Donald Trump said the Iranian nuclear facilities were "completely and totally obliterated". In response, the Iranian Foreign Minister Abbas Araghchi said the US has committed a "grave violation" of the UN Charter, international law and the nuclear non-proliferation treaty by attacking Iran's "peaceful nuclear installations". "The events this morning are outrageous and will have everlasting consequences. Each and every member of the UN must be alarmed over this extremely dangerous, lawless and criminal behaviour," he said. Iran reserves all options to defend its sovereignty, he said in a statement.