Home Business Gujarat committed to achieve Prime Minister’s vision of making India a 5 trillion-dollar economy: Guj CM

Gujarat committed to achieve Prime Minister’s vision of making India a 5 trillion-dollar economy: Guj CM

by News Monks

Gujarat has come up with a pioneering strategy-roadmap to realize the vision given by Prime Minister Shri Narendrabhai Modi to make India a 5 trillion-dollar economy.


In this regard, the chairman of the task force formed by the Gujarat government, Dr. Hasmukh Adhia submitted this roadmap to Chief Minister Shri Bhupendra Patel in Gandhinagar on Tuesday.


Finance Minister Shri Kanubhai Desai, Chief Secretary Shri Pankaj Kumar, Additional Chief Secretaries Dr. Rajiv Kumar Gupta, Mukesh Puri, Pankaj Joshi, Kamal Dayani, Manoj Das, Principal Secretary of Finance Shri J.P. Gupta and senior front secretaries, secretaries were present at this time.


Giving the details of this roadmap-strategy to the Chief Minister, the Chairman of the Task Force Dr. Hasmukh Adhia said that this roadmap has been prepared by this task force formed by the state government in a short span of only 3 months.


Not only that, the suggestions of all the departments of the state government and also the suggestions of about 15 stakeholders have been obtained for preparing this roadmap and it has been included in the strategy.


He added that the Prime Minister also hoped that each of the states would come up with their own roadmap-strategy to realize the vision of 5 trillion-dollar economy. Gujarat has fulfilled this expectation by taking a leading initiative.


He also suggested that the roadmap be submitted to the Prime Minister’s Office, the Policy Commission and the Government of India.


Chief Minister Shri Bhupendra Patel called for the development of an intensive framework for the implementation of the issues outlined in this roadmap-strategy.


Shri Bhupendra Patel also said that Gujarat is committed to fulfilling the Prime Minister’s vision of making India a 5 trillion-dollar economy.


Dr. Hasmukh Adhia also gave a detailed presentation of this roadmap.


He said that if India Economy’s target of 5 billion-dollar is to be achieved by FY 2026-27, Gujarat needs to accelerate its economic growth. Gujarat’s share in the national economy in the year 2021 is 8.36%, it should be increased to 10%. This means that the growth rate in Gujarat for the next 5 years is required to be a compound annual growth rate of 14.5%, which has remained around 12.3% ​​in the last decade.


He added that the manufacturing sector is a major aspect of the state’s economy. The task force has been directed to focus on the growth of a total of 9 new economic sectors. In which, it is suggested to place special emphasis on green and smart manufacturing, use of technology, precise methodology and procedures required for supply chain management.


To increase the share of service sectors in the economy, invest in IT, fintech, tourism sector which also includes medical tourism, and develop these sectors as well as on the need and planning of budgetary resources to create high quality infrastructure for service sectors. Special targets have been suggested.


Dr. Adhia further said that it has been suggested to develop 5 to 6 tourism clusters in the way similar to to the development of Statue of Unity to boost the tourism sector in Gujarat. They have also suggested in this roadmap to make efforts to attract capital investment in IT, tourism and other sectors in the state, to improve the international connectivity of 4 to 5 major airports.


In order to develop the service areas of the state in urban areas, the state will need to develop other world class urban centers just like Gift City. He suggested that the development of urban areas would require massive capital investment in areas such as metro rail, ring roads, urban mass transport and urban housing.


They have suggested that startups need to be promoted to make efficient use of Gujarati entrepreneurship. The state of Gujarat is a leader in the export of manufactured goods, he said, adding that it was necessary to provide leadership for service-oriented exports.


Dr. Adhia further said that Gujarat has a strategic location in the country and extensive capital investment is required for coastal development and development of blue economy. It will provide a vast opportunity for the economic upliftment of the coastal community and promote the vast possibilities for the development of tourism and port connectivity.


Regarding other aspects of roadmap-strategy, he added that Gujarat is a leader in the field of renewable energy. To meet the long-term energy needs, the state will have to place special emphasis on renewable energy, micro grids and electric mobility. He further said that the state government needs to take initiative to produce green hydrogen and semiconductors.


For the development of the agricultural sector of the state, it has become very important to increase agricultural production with the help of advanced farming methods and technology.


He further said that in order to increase the income of the people in the rural areas, it is necessary to undertake the development of sectors like animal husbandry, horticulture, fisheries and poultry farming.


In order for the state to have the manpower required for the development of all economic and industrial sectors, it is necessary to develop an advanced and efficient ecosystem in the areas of higher education and enhancing the skills of the people. Dr. Adhia said the task force’s report was prepared in consultation with all stakeholders, government officials, the private sector and educational institutions.


All of the strategies outlined in the report are for the state’s economic development and 5 trillion-dollar economy mission fulfilment.


Chief Minister Shri Bhupendra Patel commended the task force for its concerted efforts in a very short span of time, he congratulated them for the strategy creation and the work done for its implementation and preparation in the form of a report. The Chief Minister assured that the state government is committed to realizing PM’s vision of 5 trillion-dollar economy and an intensive implementation framework will be developed by the state for the implementation of all the suggestions suggested in the task force report.

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