Shinde Govt approves fresh investment projects worth Rs 1.17 trillion
ECONOMY & POLICY

Shinde Govt approves fresh investment projects worth Rs 1.17 trillion

The Maharashtra government on Thursday approved four large-scale high-technology projects expected to bring a total investment of Rs 1.17 trillion to the state. These projects will be established in the Marathwada, Vidarbha, Pune, and Panvel regions, and according to government officials, they are estimated to create around 29,000 jobs.
The decision was taken in the cabinet cub-committee on industries headed by the chief minister Eknath Shinde. The CM said that the approved projects will lead to significant investments in the semiconductor and electric vehicle manufacturing sectors. It will help Maharashtra in establishing itself as a leading state in electric vehicle manufacturing.
The cabinet sub-committee also approved an electric vehicle manufacturing project to be set up by Toyota Kirloskar Motor Company. It will come up at Chhatrapati Sambhaji Nagar (Aurangabad) for which the firm has agreed to invest a sum of Rs 212.73 billion. "The project will also drive technological innovation, research, and development, and strengthen the local supply chain," the chief minister said. This is expected to create 12,000 jobs.
The third project that got approval from the cabinet sub-committee also involved manufacturing of electric vehicles. Skoda Auto Volkswagen India will set up the project by making a total investment of Rs 120 billion in Pune which will create 1,000 jobs.
Raymond Luxury Cottons will set up a mega project for spinning, yarn dyeing, weaving jute, weaving cotton, jute, and cotton production at Additional Industrial Development Corporation in Amravati district. The project will bring an investment of Rs 1.8 billion and will create 550 jobs.
With the new four projects worth over Rs 1.17 trillion, the total investment projects cleared by the state government in the last two months cross Rs 2 trillion. In the last meeting of the cabinet sub-committee on industries, the state government had approved investment projects worth Rs 800 billion.
"These projects will foster technological innovation, research, and development, and help develop a robust local supply chain. They will benefit micro, small, and medium enterprises significantly. They will also provide training and skill development opportunities for local workers, enhance their employability and skills in emerging technologies," CM Shinde said.           

The Maharashtra government on Thursday approved four large-scale high-technology projects expected to bring a total investment of Rs 1.17 trillion to the state. These projects will be established in the Marathwada, Vidarbha, Pune, and Panvel regions, and according to government officials, they are estimated to create around 29,000 jobs.The decision was taken in the cabinet cub-committee on industries headed by the chief minister Eknath Shinde. The CM said that the approved projects will lead to significant investments in the semiconductor and electric vehicle manufacturing sectors. It will help Maharashtra in establishing itself as a leading state in electric vehicle manufacturing.The cabinet sub-committee also approved an electric vehicle manufacturing project to be set up by Toyota Kirloskar Motor Company. It will come up at Chhatrapati Sambhaji Nagar (Aurangabad) for which the firm has agreed to invest a sum of Rs 212.73 billion. The project will also drive technological innovation, research, and development, and strengthen the local supply chain, the chief minister said. This is expected to create 12,000 jobs.The third project that got approval from the cabinet sub-committee also involved manufacturing of electric vehicles. Skoda Auto Volkswagen India will set up the project by making a total investment of Rs 120 billion in Pune which will create 1,000 jobs.Raymond Luxury Cottons will set up a mega project for spinning, yarn dyeing, weaving jute, weaving cotton, jute, and cotton production at Additional Industrial Development Corporation in Amravati district. The project will bring an investment of Rs 1.8 billion and will create 550 jobs.With the new four projects worth over Rs 1.17 trillion, the total investment projects cleared by the state government in the last two months cross Rs 2 trillion. In the last meeting of the cabinet sub-committee on industries, the state government had approved investment projects worth Rs 800 billion.These projects will foster technological innovation, research, and development, and help develop a robust local supply chain. They will benefit micro, small, and medium enterprises significantly. They will also provide training and skill development opportunities for local workers, enhance their employability and skills in emerging technologies, CM Shinde said.           

Next Story
Resources

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Next Story
Technology

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Infrastructure Urban

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?