NITI Aayog report on MMR: MMRDA and WEF sign deal

17 Sep 2024 CW Team

Speaking on the occasion, Fadnavis said 60% of the initiatives mentioned in the report had already been started or were in the process of being started by the state and another 40% were in the conceptual phase. The NITI Aayog report had been presented to the state govt in August. "The Atal Setu project will speed up the development of the hinterland and create a third Mumbai. It will become the tech-hub of the region and 65% data centres will be located there," he said.

He also said the BPT (Bombay Port Trust) area will be developed as the fifth Mumbai. "The Vadhavan port project will be one of the major drivers of the Indian economy for the next 30 years and the Dighi industrial area will put MMR on the global logistics map," said Fadnavis. He also said the city's second airport would be operational by the end of the year and a third airport had been planned near Vadhavan.

Shinde said the govt had set up a committee of secretaries to ensure that the suggestions in the NITI Aayog report were implemented. "Mumbai is our country's life and our lifeline," said Shinde.

The report said the Maharashtra government needed to focus on seven aspects including establishing Mumbai as a global services hub, promoting affordable housing, transforming the MMR region into a global tourism centre and integrating the development of ports in the MMR area, to creating an industrial and logistics hub. Also, the development of well-planned cities, ensuring inclusivity and sustainability and creating world class urban infrastructure.

The study targets development of Mumbai city and suburbs, Palghar, Raigad and Thane which account for a third of Maharashtra's GDP. To achieve this, the focus will be on key development areas including attracting Rs 10-11 trillion in private sector investment and transforming cities into growth engines, the report says.

The NITI Aayog masterplan which aims to transform the Mumbai Metropolitan Region (MMR) into a global economic hub and double its GDP from Rs 12 trillion to Rs 26 trillion by 2030 was launched in the presence of World Economic Forum (WEF) founder Klaus Schwab, chief minister Eknath Shinde and deputy chief minister Devendra Fadnavis. Schwab also signed a memorandum of collaboration between MMRDA and the WEF. Speaking on the occasion, Fadnavis said 60% of the initiatives mentioned in the report had already been started or were in the process of being started by the state and another 40% were in the conceptual phase. The NITI Aayog report had been presented to the state govt in August. The Atal Setu project will speed up the development of the hinterland and create a third Mumbai. It will become the tech-hub of the region and 65% data centres will be located there, he said. He also said the BPT (Bombay Port Trust) area will be developed as the fifth Mumbai. The Vadhavan port project will be one of the major drivers of the Indian economy for the next 30 years and the Dighi industrial area will put MMR on the global logistics map, said Fadnavis. He also said the city's second airport would be operational by the end of the year and a third airport had been planned near Vadhavan. Shinde said the govt had set up a committee of secretaries to ensure that the suggestions in the NITI Aayog report were implemented. Mumbai is our country's life and our lifeline, said Shinde. The report said the Maharashtra government needed to focus on seven aspects including establishing Mumbai as a global services hub, promoting affordable housing, transforming the MMR region into a global tourism centre and integrating the development of ports in the MMR area, to creating an industrial and logistics hub. Also, the development of well-planned cities, ensuring inclusivity and sustainability and creating world class urban infrastructure. The study targets development of Mumbai city and suburbs, Palghar, Raigad and Thane which account for a third of Maharashtra's GDP. To achieve this, the focus will be on key development areas including attracting Rs 10-11 trillion in private sector investment and transforming cities into growth engines, the report says.

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

Infrastructure Energy

12 Dec 2025

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

Infrastructure Energy

12 Dec 2025

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..