Maharashtra accelerates infra development to achieve trillion-dollar economy goal

29 Oct 2024 CW Team

The Mumbai-Thane-Pune-Nashik triangle is central to Maharashtra's economic strength, serving as a hub for industries, IT companies, and the film sector. The rapid population growth in these cities underscores the need for robust infrastructure and new developments.

Key Infrastructure Projects The state is advancing several significant projects to bolster its infrastructure and economic potential. One of the major initiatives is the construction of a large port in Pradhan, Palghar district, estimated to cost ?76,000 crore and expected to become one of the largest ports globally.

The Navi Mumbai International Airport is another critical project scheduled to become operational by December 2025, enhancing regional connectivity.

Additionally, the Kalamboli Circle development aims to improve connectivity between Pune and Navi Mumbai International Airport, with a budget allocation of ?770 crore, demonstrating the government's commitment to transportation improvements.

Transportation Enhancements The Virar-Alibaug Multi-Modal Corridor expansion is an ambitious project spanning 126 km, designed to enhance transportation in Mumbai, Thane, and Raigad districts. With an estimated cost of about ?57,000 crore, it reflects Shinde's commitment to completing the project by 2030.

The Pune Ring Road project, essential for the city's IT and industrial sectors, has a budget of ?36,858 crore. This 128 km ring road will facilitate easier movement around Pune and is expected to be completed by 2026.

Connectivity Improvements The Mumbai-Pune Missing Link project aims to reduce travel time between the two cities by constructing a tunnel in the ghat region. Scheduled for completion by 2025, with a budget of ?6,600 crore, this project exemplifies efforts to enhance connectivity.

These initiatives align with Maharashtra's vision for a prosperous future. The Mahayuti government's dedication highlights a strategic approach to enhancing economic strength and building resilient infrastructure.

Under the leadership of Eknath Shinde, the Maharashtra government is fast-tracking numerous projects aimed at bolstering economic growth. As India stands as the fifth-largest economy globally, Maharashtra is working towards its goal of becoming a trillion-dollar economy through enhanced infrastructure development. The Mumbai-Thane-Pune-Nashik triangle is central to Maharashtra's economic strength, serving as a hub for industries, IT companies, and the film sector. The rapid population growth in these cities underscores the need for robust infrastructure and new developments. Key Infrastructure Projects The state is advancing several significant projects to bolster its infrastructure and economic potential. One of the major initiatives is the construction of a large port in Pradhan, Palghar district, estimated to cost ?76,000 crore and expected to become one of the largest ports globally. The Navi Mumbai International Airport is another critical project scheduled to become operational by December 2025, enhancing regional connectivity. Additionally, the Kalamboli Circle development aims to improve connectivity between Pune and Navi Mumbai International Airport, with a budget allocation of ?770 crore, demonstrating the government's commitment to transportation improvements. Transportation Enhancements The Virar-Alibaug Multi-Modal Corridor expansion is an ambitious project spanning 126 km, designed to enhance transportation in Mumbai, Thane, and Raigad districts. With an estimated cost of about ?57,000 crore, it reflects Shinde's commitment to completing the project by 2030. The Pune Ring Road project, essential for the city's IT and industrial sectors, has a budget of ?36,858 crore. This 128 km ring road will facilitate easier movement around Pune and is expected to be completed by 2026. Connectivity Improvements The Mumbai-Pune Missing Link project aims to reduce travel time between the two cities by constructing a tunnel in the ghat region. Scheduled for completion by 2025, with a budget of ?6,600 crore, this project exemplifies efforts to enhance connectivity. These initiatives align with Maharashtra's vision for a prosperous future. The Mahayuti government's dedication highlights a strategic approach to enhancing economic strength and building resilient infrastructure.

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Infrastructure Transport

07 Oct 2025

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Infrastructure Transport

07 Oct 2025

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..