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BUDGET 2025 AT A GLANCE||| SOME KEY PROVISIONS

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  BUDGET 2025 AT A GLANCE SOME KEY PROVISIONS SARASIJ MAJUMDER   1.       10,000 additional seats to be inculcated in Medical Institutes in one year; 75,000 additional   medical seats will be created in next 5 years. 2.       100 GW target for Nuclear Power Generation by 2047. 3.       40,000 new houses will be added under Swayam Housing scheme. 4.       50 New Tourists’ destination will be developed by next year . 5.       A Maritime Development Fund with a corpus of ₹ 25,000 crore to be set up, with up to 49 per cent contribution by the Government, and the balance from ports and private sector. 6.       Atal Tinkering Labs (ATL) : 50,000 such labs are to be set up in government schools in 5 years. This is a part of Atal Innovation Mission (AIM). Comment: In my opinion, t...
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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.

1.0 https://www.hindustantimes.com/budget/what-is-modi-govts-purvodaya-plan-covering-bihar-jharkhand-3-other-states-101721787585774.html

2.0  https://www.deccanherald.com/business/union-budget/union-budget-2024-what-is-modi-govts-purvodaya-plan-covering-bihar-jharkhand-3-other-states-3120066

3.0  https://www.indiabusinesstrade.in/blogs/purvodaya-plan-to-boost-eastern-indias-development/

4.0 https://www.financialexpress.com/opinion/beyond-politics-budget-package-for-purvodaya-addresses-wider-stakeholders/3564221/



 

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