In a severe bid to spice up the economic development, which has dipped 4.9 per cent in 2024-25 towards 6.2 per cent final 12 months, the Maharashtra Deputy Chief Minister and Finance Minister Ajit Pawar on Monday within the annual funds for 2025-26 proposed a slew of coverage initiatives.
He mentioned that the state authorities will quickly announce the New Industrial Coverage 2025 with a goal of attracting funding of Rs 40 lakh crore and technology of fifty lakh jobs within the subsequent 5 years. Apart from, the federal government will difficulty gems and jewelry coverage, digital coverage, round financial coverage, area coverage to draw industrial funding whereas competing with different states.
The federal government will body new labour guidelines as per the brand new labour code of the central authorities. The devoted logistic infrastructure might be developed in additional than 10,000 acres of land.
The Mumbai Metropolitan Area (MMR) might be developed as a global stage financial growth middle as a “Development Hub.”
Worldwide stage enterprise facilities might be established at seven places, similar to Bandra-Kurla Advanced, Kurla-Worli, Wadala, Goregaon, Navi Mumbai, Kharghar, and Virar-Boisar.
The target is to extend the scale of the financial system of Mumbai Metropolitan Area from the present $140 billion to $300 billion by 2030, and to $1.5 trillion by 2047.
The LWE-affected Gadchiroli district, which is now rising as a “Metal Hub”, the works price Rs 500 crore might be undertaken to enhance transportation within the district.
The Finance Minister has proposed a Package deal Scheme of Incentives of Rs 6,400 crore to spice up investments.
He mentioned that the electrical energy buy prices might be lowered by Rs 1.13 lakh crore over the following 5 years as a result of power sector planning and the procurement of low-cost inexperienced power. It will make the electrical energy tariff for industries aggressive as in comparison with the nighbouring states.
The federal government will set up Maharashtra Technical Textile Mission and likewise arrange “City Haat Heart” in Nagpur. As a way to additional promote data expertise and knowledge centres, the federal government will set up Innovation Metropolis unfold over 250 acres of land in Navi Mumbai.
