Shinde-Fadnavis Govt | Rs 70,000-cr investment projects approved in Maharashtra – Chief Minister Eknath Shinde

Mumbai : NpNews24 Online  –  Shinde-Fadnavis Govt | Investment projects worth Rs 70,000 crore were approved in the fourth meeting of the Cabinet Sub-Committee of the Industries Department chaired by Chief Minister Eknath Shinde to promote industrial development in Vidarbha, Marathwada, Nashik, Pune areas of the State. This will generate around 55,000 jobs. The state has a conducive environment for industrial investment and the state government’s policy is to incentivise industries. On this occasion, the Chief Minister appealed to promote industrial growth with a positive attitude.

 

The CM directed to develop Industrial Technology Parks keeping in view the special needs of industries based on advanced technology.

 

The Cabinet Sub-Committee meeting of the Industries Department was held today. Deputy Chief Minister Devendra Fadnavis, Industries Minister Uday Samant, Chief Secretary Manu Kumar Srivastava, Principal Secretary Industries Department Dr. Harshdeep Kamble, Principal Secretary of Finance Department O. P. Gupta, Principal Secretary Rajagopal Devara, Chief Executive Officer of Industrial Development Corporation Dr. Vipin Sharma, Industrial Development Commissioner Dipendra Singh Kushwaha and others were present.

 

A detailed discussion was held regarding the incentive, subsidy and other demands of these industrial units after considering the recommendations made by the committee under the chairmanship of the Chief Secretary, set up to consider various demands of the industrial units in the state. In this meeting, the cabinet sub-committee has taken major decisions today to promote large industries based on new technology and also in the underdeveloped areas of the state and thereby generate a large number of employment opportunities.

 

The cabinet sub-committee has approved the construction of 3 major projects in Gadchiroli and Chandrapur districts of Vidarbha. One of them is the coal gasification project (green hydrogen, methanol, ammonia and urea etc.) of New Era Cleantech Solutions Pvt. Ltd unit at Chandrapur, which amounts to Rs 20,000 crore investment based on green technology. This will help in industrial development of Chandrapur district by investing heavily. This will contribute to social and economic development along with employment generation.

 

According to the electronic vehicle policy of the country and the state, the Mahindra Electric Vehicle Automobiles, the first project with an investment of Rs. 10,000 crores in the field of electric vehicle manufacturing in the country will be started in Pune. Through this, there will be foreign investment in high technology based sectors in the state. Prototypes will be made along with Volkswagen in the technology sector and related to technology, research and development in Pune. Due to this, IP (Intellectual property) is being created in the state regarding electric vehicle manufacturing, and it will extend to “Made in Maharashtra”. The project will create a large number of allied industries in the surrounding area.

 

The cabinet sub-committee approved the establishment of Lloyd Metals Energy Ltd unit’s steel production project through mineral extraction and processing and a total investment of Rs. 20,000 crores in Gadchiroli district. It will help in large-scale development in Gadchiroli and employment generation along with necessary industrial growth.
Varad Ferro Alloy company’s Rs 1,520 crore investment project was also approved in Gadchiroli district.
This will give strength to the establishment of new industries in Gadchiroli district and it will help in the growth of new industries in the industrial sector in this area.

 

Projects worth Rs 2500 crs have been approved so that Indorama company’s subsidiaries could make heavy investment in order to promote growth in textile industries in Amravati and Nagpur.
As a result, Amravati and Nagpur will emerge as major areas in the textile industry.

 

In this meeting, the approved Nipro Pharma Packaging India Pvt. Ltd. company will invest Rs. 1650 crore in two phases for the production of clear glass tubing, dark amber glass tubing, syringe and cartridge tubing under Pharmaceutical Glass Tubing Production based on new technology in Pune district.

 

It will generate employment for 2000 people directly and indirectly.
At present these products are imported. This type of industry is going to be started for the first time in Maharashtra.

 

Reliance Life Science, Nashik company’s Rs. 4206 crore proposed investment has been approved.
This company is involved in the manufacturing of life saving medicines of Plaza Protein, Vaccine and Gene Therapy etc.

 

Along with these main projects and other projects, an investment of Rs 70,000 crores will be made and around 55,000 jobs will be created in the State.

 

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