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Odisha CM Launches Economic Plan For BCPPER Envisaging $500 Billion Economy By 2047

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Home City Bhubaneswar

Odisha CM Launches Economic Plan For BCPPER Envisaging $500 Billion Economy By 2047

by OB Bureau
February 7, 2026
in Bhubaneswar, City
Reading Time: 2 mins read
Odisha CM Launches Economic Plan For BCPPER Envisaging $500 Billion Economy By 2047
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Bhubaneswar: Odisha Chief Minister Mohan Charan Majhi on Saturday launched the Economic Plan for the Bhubaneswar-Cuttack-Puri-Paradip Economic Region (BCPPER), prepared by NITI Aayog. The plan positions the region as a key growth engine for a Viksit Odisha in line with India’s journey towards becoming a developed nation by 2047.

The launch event, held at the Convention Centre of Lok Seva Bhawan in Bhubaneswar, was attended by NITI Aayog Member Rajiv Gauba and CEO B V R Subrahmanyam.

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Speaking on the occasion, the Chief Minister stated that the BCPPER region is set to be developed as a hub of Odisha’s economic growth, playing a significant role in India’s overall economic development.

Each city in this region has its own strengths and unique identity: Bhubaneswar in technology, Cuttack for business traditions, Puri for cultural heritage, and Paradip for port-based development, he said.

The economic plan aims to connect these regions with modern infrastructure and implement various projects in each area. Over 80 projects are planned across sectors including metal downstream, biotechnology, textiles, chemicals, tourism, education, and IT. Additionally, more than 30 policy initiatives will be implemented to develop and strengthen the entire region.
The Chief Minister further stated that the central government has planned City Economic Regions (CERs) in 2026-27 budget, and the BCPPER region has been included in it. For the development of each CER, the central government has allocated Rs 5,000 crore.

Noting that the current economy of this region contributes 19% of Odisha’s GDP, Majhi said by 2025, the region’s economy is estimated at $22.4 billion, with a target of reaching $500 billion by 2047. Under the guidance of Prime Minister Narendra Modi, and with support from the central government and NITI Aayog, the state government’s double-engine administration aims to develop this region as a centre of economic transformation.

Housing & Urban Development Minister Krushna Chandra Mahapatra said this plan will play a decisive role in building Odisha’s future and will significantly support the state’s economic development. Similar plans will be prepared for other major cities of Odisha in the coming days.

The Chief Minister emphasised prioritising urban growth in the state. As part of urban expansion, 28 new NACs, seven municipalities, and one municipal corporation have been created, reflecting the government’s commitment to urbanisation.

NITI Aayog Member Rajiv Gauba stated that the BCPPER project is a pillar for a developed Odisha. Among the top 20 cities proposed for development in India, BCPPER ranks among the top five. The growth of this region will also improve the quality of life for its residents. He urged the state government to implement the plan promptly.

NITI Aayog CEO B.V.R. Subrahmanyam expressed gratitude for the state government’s efforts and highlighted that 70–80% of India’s GDP comes from urban areas. By 2047, the goal is to include half of India’s population in urbanisation. After Mumbai, Surat, Visakhapatnam, and Varanasi, this is NITI Aayog’s fifth such plan.

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