Greening Odisha's economy has potential to attract Rs 3.5 lakh cr by 2030: CEEW

Odisha has the potential to create approximately 10 lakh new full-time equivalent (FTE) jobs across three green sectors - energy transition, circular economy, and bio-economy and nature-based solutions - and attract Rs 3.5 lakh crore in investments by 2030, reveals a new, independent study by the Council on Energy, Environment and Water (CEEW).

- STATESMAN NEWS SERVICE

Launched on Wednesday at the 'Utkarsh Odisha - Make in Odisha Conclave,' here, the study finds that this could directly contribute Rs 2 lakh crore to the state's GDP, boosting it by 23 per cent and positioning Odisha as a leader in India's green growth.

The study identifies 28 green value chains, ranging from seaweed cultivation and bamboo processing to floating solar and e-waste recycling, which together represent immense economic potential.

The first-of-its-kind CEEW study, How a Green Economy Can Deliver Jobs, Growth and Sustainability in Odisha, calculates the jobs, market, and investment opportunities across these 28 value chains. About 14 value chains in the energy transition - such as solar, wind, battery storage systems, and electric vehicle manufacturing - could attract Rs 1.5 lakh crore in investments and create 4 lakh new jobs by 2030.