Maharashtra Cabinet Approves Rs.81,000 Crore Projects

02 Aug 2024 CW Team

The Maharashtra Cabinet has approved a series of significant industrial projects valued at ?81,000 crore, ahead of the upcoming elections. This move aims to boost economic development and industrial growth in the state, showcasing a commitment to infrastructure and industrial advancement.

The approved projects span various sectors, including manufacturing, infrastructure, and energy. These initiatives are expected to create numerous job opportunities and stimulate regional economic growth. The decision aligns with the state's broader strategy to enhance industrial capabilities and attract investment.

Key aspects of the projects include the development of new industrial zones, expansion of existing facilities, and upgrades to critical infrastructure. The approval reflects Maharashtra's proactive approach to fostering a conducive environment for business and investment, thereby reinforcing its position as a major industrial hub in India.

The timing of this approval, ahead of elections, is seen as a strategic move to demonstrate the state government's commitment to economic development and address voter concerns related to job creation and infrastructure improvement.

Infrastructure Transport

18 Sep 2025

Kurla Gets New Elevated Harbour Line Station

Mumbai’s suburban railway network has taken a major step forward with the construction of a new elevated Harbour Line station at Kurla, part of the 5th and 6th line corridor. Over the weekend, Central Railway conducted a 14.5-hour mega block to divert tracks between Kurla and Tilak Nagar, clearing the way for the project.The tracks were shifted westwards to accommodate the elevated station, which will handle both regular Harbour Line services and trains originating or terminating at Kurla. Kurla, a key interchange hub, links the Harbour Line from CSMT to Navi Mumbai and Panvel with the Centr..

India Plans 500 km Rail Expansion Along Northeastern Frontier

India is set to strengthen its northeastern frontier with the construction of 500 kilometres of new rail lines, including bridges and tunnels, to improve connectivity, accelerate logistics, and ensure military readiness along borders with China, Bangladesh, Myanmar, and Bhutan. The project is expected to cost Rs 300 billion ($3.4 billion) and is targeted for completion within four years.Though relations with China have recently improved, the infrastructure push reflects India’s long-term contingency planning amid a history of cycles of rapprochement and tension. The new rail corridors will c..

BlackRock Leases Bengaluru Office for Rs 410 Billion

BlackRock Services India Pvt Ltd, the Indian arm of global asset manager BlackRock Inc, has leased 1.43 lakh sq ft of office space in Bengaluru’s Ashok Nagar for Rs 410 billion over a 10-year period, according to property registration documents accessed by Propstack.The commercial space, located in KNG Tower 1 and leased from IndiQube Space Limited, covers the ground floor and five additional floors. The monthly rent is set at Rs 2.72 billion at Rs 190 per sq ft, with an annual escalation of 5 per cent. A security deposit of Rs 21.75 billion has been paid. The lease transaction was registere..