Narendra Modi
Five trillion-dollar economy milestone not far away, says Narendra Modi while unveiling Utkarsh Odisha – Make in Odisha Conclave 2025
Indian PM Narendra Modi on Tuesday unveiled the Utkarsh Odisha – Make in Odisha Conclave 2025 when he said the milestone of a five trillion-dollar economy was not far away.
He said India is rapidly progressing towards becoming the world's third-largest economy.
Modi said that over the past decade, India's strength in manufacturing had also become evident.
The Prime Minister highlighted that the expansion of India's economy rests on two major pillars: the innovative service sector and quality products.
He emphasized that the country's rapid progress cannot rely solely on the export of raw materials and therefore, the entire ecosystem was being transformed with a new vision.
The Prime Minister mentioned that Odisha had immense potential in this regard and stated that the country had launched national-level Green Hydrogen and Solar Power Missions.
Modi noted that significant policy decisions were being made to promote renewable energy industries in Odisha, and several steps were being taken for hydrogen energy production.
Prime Minister remarked that alongside green energy, initiatives were being taken to expand the petro and petrochemical sector in Odisha.
He highlighted that dedicated industrial parks and investment regions were being developed in Paradip and Gopalpur, indicating significant investment potential in this sector.
Modi congratulated the Odisha government for making swift decisions and developing a new ecosystem, considering the potential of different regions in the state.
“21st century is an era of connected infrastructure and multi-modal connectivity for India,” said Modi highlighting that the scale and speed at which specialized infrastructure was being developed in India was making the country an excellent investment destination.
He noted that dedicated freight corridors were connecting the east and west coastlines, providing faster access to the sea for previously land-locked regions.
He mentioned that dozens of industrial cities with plug-and-play facilities were being constructed across the country.
Modi emphasized that similar opportunities were being enhanced in Odisha and thousands of crores worth of projects related to railway and highway networks are underway in the state.
He added that to reduce logistics costs for industries in Odisha, the Government was connecting ports with industrial clusters and mentioned that both the expansion of existing ports and the construction of new ports are taking place.
He stressed that Odisha was set to become one of the top states in the country in terms of the blue economy.
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