Odisha CM Majhi launches BCPPER plan; targets $500 billion economy from region by 2047

BHUBANESWAR: Chief Minister Mohan Charan Majhi on Saturday launched a comprehensive economic plan for the Bhubaneswar-Cuttack-Puri-Paradip Economic Region (BCPPER), aimed at transforming the corridor into a major growth engine for the state and the country.

Prepared by NITI Aayog, the plan envisages implementation of over 80 projects across sectors such as metal downstream industries, biotechnology, textiles, chemicals, tourism, education and IT along with more than 30 policy initiatives to spur investment, infrastructure development and job creationThis region will be developed as a hub of economic transformation for Odisha. In the growth sky of India, BCPPER will emerge as a new star,” Majhi said while inaugurating the plan at a function in Lok Seva Bhawan here.

Majhi said the BCPPER region currently contributes about 19 per cent of the state’s economy, with an estimated economic size of $22.4 billion as of 2025. The state has set an ambitious target of expanding this to $500 billion by 2047, aligning with India’s long-term development goals.The chief minister said the four cities in the region have distinct strengths – Bhubaneswar in technology, Cuttack in business and trade, Puri in culture and tourism, and Paradip in port-led development – which will be integrated through modern infrastructure and targeted sectoral projects. “Our objective is to make this entire region a laboratory of development and 

The chief minister said the four cities in the region have distinct strengths – Bhubaneswar in technology,He also noted that the Union Budget 2026-27 has provided for the development of City Economic Regions (CERs), with BCPPER included among them. Each CER will receive central support of `5,000 crore to accelerate growth, he said. 

Lauding the efforts of the state government, NITI Aayog CEO BVR Subrahmanyam highlighted that 70-80 per cent of India’s GDP comes from urban areas and stressed the importance of planned urbanisation to achieve the 2047 vision. This initiative will benefit not only Odisha but also contribute to a developed India, he added.