My Regards to Tagore, on 25th Baishakh-1432.
My Regards to Tagore, on 25th Baishakh-1432. हे रबिन्द्रम् , सरसिजस्य लह प्रनामम || হে রবীন্দ্র , সরসিজের লহো প্রণাম । । गुरुदेब , सरसिजके प्रणाम स्वीकार कीजिये ||
SARASIJ'S BLOG
DEVELOP INDIA’S STEEL BELT
'PURVODAYA' PLAN
TO DEVELOP INDIA’S STEEL BELT
SARASIJ
MAJUMDER
Scheme
- Union
Finance Minister Nirmala Sitharaman on Tuesday announced the formulation
of the ‘Purvodaya’ plan for the all-round development of five states,
including Bihar and Andhra Pradesh, aimed at enhancing the eastern region
of India — seen crucial for the survival of the NDA government.
- The
scheme will cover Bihar, Jharkhand, West Bengal, Odisha, and Andhra
Pradesh, targeting comprehensive development in these regions.
Objectives
- Human
Resource Development: Improving skills and education to boost local
workforce capabilities.
- Infrastructure:
Expanding and enhancing infrastructure such as roads, water, and power
projects.
- Economic
Opportunities: Creating job opportunities and fostering economic growth.
PM’s endorsement
- Referring to the ʻPurvodayaʼ scheme, while making his remarks on the Budget, PM Narendra Modi on Tuesday said comprehensive development of the eastern region, guided by the visionary concept of ʻPurvodayaʼ, will give renewed momentum and vitality to the country’s development.
Historical context
- The
ʻPurvodayaʼ concept was first publicly aired by PM Modi during a meeting
in Paradip in 2015, after he had dedicated a refinery of the Indian Oil
Corporation Limited (IOCL), focusing on the development of eastern India
as a crucial component for India’s overall progress.
- In
January 2020, Union Minister Dharmendra Pradhan launched a specific
‘Purvodaya’ initiative aimed at accelerating the development of eastern
India through an integrated steel hub, leveraging the region’s rich
mineable resources.
Resource advantage
- The
eastern states of India – Odisha, Jharkhand, Chhattisgarh, West Bengal –
and the northern part of Andhra Pradesh collectively hold about 80 per
cent of the national iron ore reserves and nearly 100 per cent of coking
coal as well as vast reserves of chromite, bauxite, and dolomite
- The
region has major ports such as Paradip Haldia, Vizag, and Kolkata,
enhancing its potential as a global industrial and exporting hub. These
four Ports covers 30 % of India’s capacity.
National infrastructure, Industry, and pipeline
- The
region is also expected to receive special attention under the central
government’s $1.4 trillion National Infrastructure Pipeline, covering
pipelines, inland waterways, shipping, air, and road infrastructure.
- A
developed eastern region will help India better connect with its East Asia
neighbours. More here
- Union
Minister of Petroleum, Natural Gas and Steel, Shri Dharmendra Pradhan, on
January 11 launched Purvodaya: Accelerated development of eastern India
through integrated steel hub in Kolkata. Purvodaya in the steel sector is
aimed at driving accelerated development of eastern India through the
establishment of an integrated steel hub.. These resources and
infrastructure can help the region come up as a major global exporting and
industrial region, which is the ‘PURVODAYA’ programme is targeting.
- In
India’s march towards a US$5 trillion economy, the five eastern states can
play a major role where the steel sector can become the catalyst. This
eastern belt has the potential to add more than 75 per cent of the
country’s incremental steel capacity envisioned by the National Steel
Policy. It is expected that out of the 300 million tonnes capacity by
2030-31, over 200 million tonnes can come from this region alone, led by
Industry 4.0. Meanwhile, the Central Government has focussed on the
development of eastern India which hosts half of the nation’s aspirational
districts that are becoming hotspots of socio-economic development. The
region is also expected to receive special attention under the Central
Government’s US$1.4 trillion National Infrastructure Pipeline, covering
pipelines, inland waterways, shipping, air, and road infrastructure. A
developed eastern region will help India better connect with its East Asia
neighbours.
- The
Purvodaya initiative follows the Government’s move to liberalise coal
mining which will help better monetise the nation’s coal reserves – the
world’s fourth-largest. This holds promises for a cross-section of
industries, spanning steel, thermal power, among others. The planned
integrated steel hub, covering Odisha, Jharkhand, Chhattisgarh, West
Bengal as well as northern Andhra Pradesh, would serve as a torchbearer
for socio-economic growth of eastern India. The objective of this hub
would be to enable swift capacity addition, significant employment
creation and improve the overall competitiveness of steel producers both
in terms of cost and quality. The Integrated Steel Hub would focus on 3
key elements:
NOTE:- BENGAL, BIHAR, ORISSA, AND JHARKHAND ARE PARTICULARLY SUITABLE TO EXPAND OUR STEEL SECTOR. I WORKED IN DURGAPUR STEEL PLANT OF BENGAL FOR 9 YEARS.
- Capacity
addition through easing the development of greenfield steel plants
- Development
of steel clusters near integrated steel plants, demand centres
- Transformation
of logistics and utility infrastructure to aid local development
Source:-- BUDGET-FY24-25. Past related information: PUBLIC
DOMAIN.
3.0 https://www.indiabusinesstrade.in/blogs/purvodaya-plan-to-boost-eastern-indias-development/
ALL IMAGES: GOOGLE.
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