Odisha’s Vision for Global Innovation: Launch of HUB Integrated Global Finnish Technology Capability Hub
Bhubaneswar: Odisha’s Chief Minister, Mohan Charan Majhi, inaugurated the HUB Integrated Global Finnish Technology Capability Hub (I-GFTCH) and Bharatnetra in Bhubaneswar on Friday, marking a significant milestone in the state’s ambition to become a global center for fintech and digital innovation.
Strategic Development in Odisha
During the launch event, CM Majhi highlighted the state’s comprehensive development strategy that intertwines skills, research, and innovation. He stated, “Our approach to competence is holistic and oriented towards the future. However, skills alone are insufficient; substantial investments in research and development are essential.” This commitment includes the establishment of advanced research laboratories and centers of excellence in Odisha.
Odisha: The Eastern Research Capital
Majhi expressed his vision of transforming Odisha into the “Eastern Research Capital”. He emphasized that this objective aligns with national initiatives aimed at empowering youth through innovation and skill development, as advocated by Prime Minister Narendra Modi. “Strengthening the Swatantra Bharat bridge in Samriddha Bharat, Odisha is poised to contribute significantly to this grand vision,” he added.
A Historic Collaboration: I-GFTCH
The Chief Minister underscored the collaborative essence of the I-GFTCH initiative, a product of a pioneering partnership between the Odisha government and the Global Finance and Technology Network (GFTN) based in Singapore. “This collaboration embodies our commitment to bringing world-class resources to Odisha and showcasing Odisha on a global platform,” remarked Majhi.
Aligning with Vision 2036
Linking these developments to Vision 2036, a long-term economic roadmap for the state, CM Majhi emphasized the goal of creating a $500 billion economy by 2036. “We aspire to rank among the top five Indian states in terms of per capita income. As we contribute to the Viksit Bharat 2047 mission, Odisha will play a pivotal role in positioning India as a global economic leader,” he stated.
Importance of Research and Innovation
This initiative is crucial for fostering a culture of research and innovation in Odisha, which is essential for attracting investment and nurturing talent. By enhancing the technological capabilities of the state, Odisha aims to enhance its competitiveness in the global arena, supporting both local businesses and international collaborations.
Future of Fintech and Digital Innovation
The establishment of I-GFTCH is a testament to Odisha’s dedication to becoming a nucleus of fintech and digital innovation in India. As the state continues to innovate and collaborate, it is expected to create a conducive environment for startups and established firms alike, driving economic growth and job creation in the region.