49 MSMEs Propose Rs 23,209.7 Million Investment in Chakan-Bhosari Belt
ECONOMY & POLICY

49 MSMEs Propose Rs 23,209.7 Million Investment in Chakan-Bhosari Belt

49 MSMEs have proposed investments totalling Rs 23,209.7 million (mn) in the Chakan-Bhosari industrial belt in Pune district, Maharashtra, the state chief minister Devendra Fadnavis told an industry gathering. The proposals have been formalised through memoranda of understanding and are intended to expand production capacity and create thousands of jobs across the region. Companies are expected to commence production within one to two years, the announcement added.

The state government has decided to conduct an MSME census to map the number, nature, employment, production capacity and requirements of such units, and the resulting data will inform policy and facility improvements. The Industries Department and the Maharashtra Industrial Development Corporation will facilitate land allocation, infrastructure and other required facilities for units that have signed the MoUs. A separate mechanism has been created to support planned and faster MSME development across Maharashtra.

The announcement came amid opposition claims that industries were considering relocation from the Chakan MIDC area owing to severe traffic congestion and inadequate infrastructure, which the government rejected. The chief minister outlined plans to modernise industrial estates developed three to four decades ago and to convert them into industrial cities with independent administrative mechanisms. Under the proposed model, local taxes could be used for administration, sanitation and infrastructure development.

Industries minister Uday Samant said the Chakan region was expected to attract substantial investments and that infrastructure concerns were being addressed as a priority, adding that demand for industrial land in Chakan could exceed available supply within a year. He denied that entrepreneurs were leaving the state and said investors continued to have confidence in Maharashtra's investment environment. The state plans to introduce the industrial city model beginning in Pune district and progressively transform existing estates into modern industrial cities to improve the operating environment and support new and expanding units.

49 MSMEs have proposed investments totalling Rs 23,209.7 million (mn) in the Chakan-Bhosari industrial belt in Pune district, Maharashtra, the state chief minister Devendra Fadnavis told an industry gathering. The proposals have been formalised through memoranda of understanding and are intended to expand production capacity and create thousands of jobs across the region. Companies are expected to commence production within one to two years, the announcement added. The state government has decided to conduct an MSME census to map the number, nature, employment, production capacity and requirements of such units, and the resulting data will inform policy and facility improvements. The Industries Department and the Maharashtra Industrial Development Corporation will facilitate land allocation, infrastructure and other required facilities for units that have signed the MoUs. A separate mechanism has been created to support planned and faster MSME development across Maharashtra. The announcement came amid opposition claims that industries were considering relocation from the Chakan MIDC area owing to severe traffic congestion and inadequate infrastructure, which the government rejected. The chief minister outlined plans to modernise industrial estates developed three to four decades ago and to convert them into industrial cities with independent administrative mechanisms. Under the proposed model, local taxes could be used for administration, sanitation and infrastructure development. Industries minister Uday Samant said the Chakan region was expected to attract substantial investments and that infrastructure concerns were being addressed as a priority, adding that demand for industrial land in Chakan could exceed available supply within a year. He denied that entrepreneurs were leaving the state and said investors continued to have confidence in Maharashtra's investment environment. The state plans to introduce the industrial city model beginning in Pune district and progressively transform existing estates into modern industrial cities to improve the operating environment and support new and expanding units.

Related Stories

Gold Stories

Next Story
Building Material

From Rough to Refined: How Modern Plastering Is Changing Wall Finishes

When Rohan first walked into his newly constructed home, he imagined what it would become—a warm living room, a bright bedroom, and walls smooth enough to complement his carefully chosen interiors.But there was one problem.The walls didn't look anything like the finished home he had imagined.They were uneven in places, rough to the touch, and covered with visible patches and minor surface imperfections. Rohan initially thought paint would fix everything.His contractor had a different answer.“Before the paint, we need to get the plastering right.”That conversation made Rohan realise somet..

Next Story
Infrastructure Urban

Embraer to Acquire 51 Per Cent Stake in Mahindra Aerospace Arm

Brazilian aerospace major Embraer will acquire a 51 per cent equity stake in Novavayu Aerospace, a step-down subsidiary of Mahindra and Mahindra, under an Investment Agreement notified by the automobile company in an exchange filing. The transaction will give Embraer control of the aerospace business. Following completion of the acquisition, Novavayu Aerospace will cease to be a wholly owned subsidiary and become an associate of Mahindra Defence Systems, which is a step-down wholly owned subsidiary of Mahindra and Mahindra. The agreement is expected to be completed on or before December 1. Mah..

Next Story
Infrastructure Urban

RBI Opens Special Dollar Window for Three State-Run OMCs

The Reserve Bank of India (RBI) has opened a special facility to meet the entire daily US dollar requirements of three public sector oil marketing companies (OMCs), in a move aimed at easing pressure on the Indian rupee. The facility will take effect on October 12, 2026, and remain available until further notice. Indian Oil Corporation, Hindustan Petroleum Corporation and Bharat Petroleum Corporation are eligible to use the arrangement. Under the facility, the RBI will sell US dollars to the three companies through designated banks, allowing them to meet their oil-import payments without sourc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code