+
Maharashtra to soon become a trillion-dollar economy
ECONOMY & POLICY

Maharashtra to soon become a trillion-dollar economy

Governor Bhagat Singh Koshyari told the media that Maharashtra is set to become the first one trillion-dollar economy.

He said Maharashtra had set an example before nations while combating the three waves of the Covid-19 pandemic in a well-planned manner.

Maharashtra ranks second in the export preparedness index released by the Niti Aayog. Maharashtra also ranks second in the Good Governance Index report 2021.

The government is implementing a comprehensive policy for electric vehicles (EVs). Compared to last year, the EV registrations in Maharashtra have increased by 157%.

The state government has decided to give rebates in property tax to citizens and housing societies, which will start EV charging stations.

To boost the use of eco-friendly natural gas, the value-added tax (VAT) on CNG has been reduced from 13.5% to 3%.

Koshyari said that the government had planned a bulk drug park in Raigad district along the Delhi-Mumbai corridor, and it will be erected over an area of 2,500 acres of land.

Developing a medical equipment park has also been planned at the Auric Smart City in Aurangabad across 350 acres of land.

He added that the government is promoting waterways for passengers to reduce stress on roads and railway lines. Further, a water taxi service has been started from Belapur in Navi Mumbai to Mumbai, Elephanta and Jawaharlal Nehru Port Trust (JNPT).

The Metro projects are on the right pace to strengthen the public transportation system in Mumbai.

The Mumbai Metro lines 2A and 7 phases are ongoing, and the work of 14 other Metro projects is going on at a greater pace.

Koshyari highlighted the re-development of BDD Chawls and coastal roads in Mumbai, capacity building of the Mumbai-Pune express highway and others that have gained momentum.

The construction of Hindu Hriday Samrat Balasaheb Thackeray Maharashtra Samruddhi Mahamarg is almost completed and will soon be operational for transportation.

Till now, 4.75 lakh houses have been provided in rural areas under the Maha Aawas scheme.

Maharashtra State Power Generation Company will set up 187 MW and 390 MW solar power projects to boost non-conventional power generation. Moreover, 99,852 solar agriculture pumps have been installed under the CM's Solar Agriculture Pump scheme.

Koshyari said 43 Amrit cities in Maharashtra have participated in the race to zero to make them carbon neutral.

The preservation of forts and ancient temples had been taken up, and the government has also decided to give land in Navi Mumbai for building Venkateshwara temple to Tirumala Tirupati Devsthanam.

With the conservation of tigers in the state, the government is prioritising the creation of new conservation reserves and biodiversity heritage sites in Maharashtra.

Image Source

Also read: Maharashtra reviewing four bids in large coal import tender

Governor Bhagat Singh Koshyari told the media that Maharashtra is set to become the first one trillion-dollar economy. He said Maharashtra had set an example before nations while combating the three waves of the Covid-19 pandemic in a well-planned manner. Maharashtra ranks second in the export preparedness index released by the Niti Aayog. Maharashtra also ranks second in the Good Governance Index report 2021. The government is implementing a comprehensive policy for electric vehicles (EVs). Compared to last year, the EV registrations in Maharashtra have increased by 157%. The state government has decided to give rebates in property tax to citizens and housing societies, which will start EV charging stations. To boost the use of eco-friendly natural gas, the value-added tax (VAT) on CNG has been reduced from 13.5% to 3%. Koshyari said that the government had planned a bulk drug park in Raigad district along the Delhi-Mumbai corridor, and it will be erected over an area of 2,500 acres of land. Developing a medical equipment park has also been planned at the Auric Smart City in Aurangabad across 350 acres of land. He added that the government is promoting waterways for passengers to reduce stress on roads and railway lines. Further, a water taxi service has been started from Belapur in Navi Mumbai to Mumbai, Elephanta and Jawaharlal Nehru Port Trust (JNPT). The Metro projects are on the right pace to strengthen the public transportation system in Mumbai. The Mumbai Metro lines 2A and 7 phases are ongoing, and the work of 14 other Metro projects is going on at a greater pace. Koshyari highlighted the re-development of BDD Chawls and coastal roads in Mumbai, capacity building of the Mumbai-Pune express highway and others that have gained momentum. The construction of Hindu Hriday Samrat Balasaheb Thackeray Maharashtra Samruddhi Mahamarg is almost completed and will soon be operational for transportation. Till now, 4.75 lakh houses have been provided in rural areas under the Maha Aawas scheme. Maharashtra State Power Generation Company will set up 187 MW and 390 MW solar power projects to boost non-conventional power generation. Moreover, 99,852 solar agriculture pumps have been installed under the CM's Solar Agriculture Pump scheme. Koshyari said 43 Amrit cities in Maharashtra have participated in the race to zero to make them carbon neutral. The preservation of forts and ancient temples had been taken up, and the government has also decided to give land in Navi Mumbai for building Venkateshwara temple to Tirumala Tirupati Devsthanam. With the conservation of tigers in the state, the government is prioritising the creation of new conservation reserves and biodiversity heritage sites in Maharashtra. Image Source Also read: Maharashtra reviewing four bids in large coal import tender

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?