+
Odisha Seeks Increased Funds for Infrastructure Development
ECONOMY & POLICY

Odisha Seeks Increased Funds for Infrastructure Development

Odisha, the eastern state of India known for its rich natural resources and cultural heritage, is making significant strides towards sustainable development. In a recent move, the state government has sought a higher allocation of funds from the central government to bolster infrastructure development. This request comes as part of Odisha's broader strategy to enhance connectivity, promote industrial growth, and attract investments, aligning with its vision for economic progress.

The key focus areas for these additional funds include road and highway projects, energy infrastructure, such as renewable energy initiatives, and other critical sectors like water supply and sanitation. The state aims to improve connectivity both within its regions and with neighboring states, facilitating smoother transportation of goods and people. This infrastructure push is expected to not only create employment opportunities but also spur economic activities across various sectors.

In the renewable energy domain, Odisha is keen on expanding its capacity and promoting clean energy solutions. This aligns with the broader national agenda of increasing renewable energy uptake and reducing carbon emissions. By investing in renewable energy infrastructure, Odisha aims to contribute significantly to India's renewable energy targets while harnessing its abundant natural resources.

Additionally, the state's focus on water supply and sanitation underscores its commitment to improving the quality of life for its residents. Access to clean water and proper sanitation facilities is crucial for public health and well-being, and Odisha's efforts in this regard reflect a holistic approach to infrastructure development.

Overall, Odisha's plea for increased funds from the central government reflects its proactive stance towards infrastructure-led growth. By prioritizing key sectors and aligning with national development goals, Odisha aims to create a conducive environment for investment, innovation, and sustainable progress in the years to come.

Odisha, the eastern state of India known for its rich natural resources and cultural heritage, is making significant strides towards sustainable development. In a recent move, the state government has sought a higher allocation of funds from the central government to bolster infrastructure development. This request comes as part of Odisha's broader strategy to enhance connectivity, promote industrial growth, and attract investments, aligning with its vision for economic progress. The key focus areas for these additional funds include road and highway projects, energy infrastructure, such as renewable energy initiatives, and other critical sectors like water supply and sanitation. The state aims to improve connectivity both within its regions and with neighboring states, facilitating smoother transportation of goods and people. This infrastructure push is expected to not only create employment opportunities but also spur economic activities across various sectors. In the renewable energy domain, Odisha is keen on expanding its capacity and promoting clean energy solutions. This aligns with the broader national agenda of increasing renewable energy uptake and reducing carbon emissions. By investing in renewable energy infrastructure, Odisha aims to contribute significantly to India's renewable energy targets while harnessing its abundant natural resources. Additionally, the state's focus on water supply and sanitation underscores its commitment to improving the quality of life for its residents. Access to clean water and proper sanitation facilities is crucial for public health and well-being, and Odisha's efforts in this regard reflect a holistic approach to infrastructure development. Overall, Odisha's plea for increased funds from the central government reflects its proactive stance towards infrastructure-led growth. By prioritizing key sectors and aligning with national development goals, Odisha aims to create a conducive environment for investment, innovation, and sustainable progress in the years to come.

Next Story
Infrastructure Urban

Avendus Future Leaders Invests Rs 3 Billion in Aragen Life Sciences

Aragen Life Sciences, a contract research, development, and manufacturing organisation (CRDMO), has received a Rs 3 billion investment from the Avendus Future Leaders Fund (FLF), a private equity fund managed by the Avendus Group, along with SBI Life Insurance. This investment comes out of Avendus’ third fund, which marks the fund’s second investment, the first being its investment in La Renon Healthcare earlier this year. Aragen, established in 2001, is primarily focused on developing innovative pharmaceuticals, though in recent years has started to develop digital and AI technologie..

Next Story
Infrastructure Urban

Earth Fund Receives Rs 50 Million Investment From Nila Spaces

Nila Spaces Limited has become a Limited Partner with Earth Fund, India’s 1st real estate tech and sustainability-focused venture capital fund. It has done so through an investment of Rs 50 million into the fund. The investment aligns with the company’s wider capital allocation plans.Nila Spaces has said that the investment is aimed at improving efficiency of operations, decarbonisation, and strengthening itself for potential change in sectors. These goals can be achieved by being granted access to smart infrastructure, low-carbon materials, and digital construction workflows. Deep Va..

Next Story
Infrastructure Transport

India Boosts Shipbuilding With Rs 25,000 Billion Maritime Fund

The Government of India has announced a series of initiatives to upgrade and modernise the country’s shipbuilding sector, with a strong focus on green technology, financial support, and infrastructure expansion.Key measures include amendments to the Shipbuilding Financial Assistance Policy (SBFAP), release of five standard tug designs for major ports, and revisions to the Right of First Refusal (RoFR) framework to strengthen indigenous shipbuilding. The Green Tug Transition Programme (GTTP) and Harit Nauka guidelines for inland vessels have also been launched to promote sustainable operation..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?