Maharashtra Clears Rs 1.35 Trillion Plan For 17 Mega Projects

04 Jul 2025 CW Team

A Cabinet sub committee chaired by Chief Minister Devendra Fadnavis has approved seventeen large, mega and ultra mega projects worth Rs 1.35 trillion in Maharashtra’s thrust and high technology sectors. The schemes span semiconductors, silicon wafers, solar modules, electric vehicle components, lithium ion batteries, aerospace and defence equipment, textiles, green steel and gas to chemicals production.

Incentives include capital subsidies, reduced power tariffs, interest support, industrial promotion assistance, land ownership refunds and Employee Provident Fund rebates. The list of sectors eligible for such aid rises from twenty two to thirty.

The projects are expected to create about 100,000 direct and indirect jobs, bolstering research, innovation and local supply chains—particularly for micro, small and medium enterprises. Land has been earmarked for Reliance Industries’ ventures in Palghar, and coal gasification products have been added to the state’s incentive roster.

Deputy Chief Ministers Eknath Shinde and Ajit Pawar, Industries Minister Uday Samant and senior officials attended the meeting. Fadnavis said the approvals would reinforce Maharashtra’s industrial ecosystem and accelerate growth in emerging technologies across the state.

Image source:https://www.yugmarg.com/

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..