Infrastructure Development
Although Paradip is Orissa's only large port, the coastal towns of Dhamra and Gopalpur are being developed into major ports as well. The government of India has selected the coastal region of Orissa, stretching from Paradip in the north to Gopalpur in the south, to be developed as one of the five or six Special Economic Regions (SERs) of the country. The government of India and the state government of Orissa would work together to erect world class infrastructure in this region along the lines of the Rotterdam, Houston, and Pudong regions. This would stimulate further private investment in petrochemicals, steel, and manufacturing. A recent Morgan Stanley report forecasts that Orissa would be flooded with massive investments for manufacturing related activities in the same manner that Bangalore had attracted software investment in the 1990s. The scale of the investments in Orissa would, however be much higher. As of July 2006, the total planned investment in the state is a whopping $90 billion. This includes some investment in research, education, hospitals, roads, ports, airports, and hotels. There are many multi-state irrigation projects in development, including Godavari River Basin Irrigation Projects.
Read more about this topic: Economy Of Orissa
Famous quotes containing the word development:
“If you complain of people being shot down in the streets, of the absence of communication or social responsibility, of the rise of everyday violence which people have become accustomed to, and the dehumanization of feelings, then the ultimate development on an organized social level is the concentration camp.... The concentration camp is the final expression of human separateness and its ultimate consequence. It is organized abandonment.”
—Arthur Miller (b. 1915)