Mumbai, March 11 (IANS) Maharashtra’s MahaYuti (grand alliance) government comprising the BJP, Shiv Sena and NCP claimed on Monday that the state continues to be a favoured investment destination.
Earlier, in the run-up to the Lok Sabha elections, the MahaYuti government earmarked at least Rs 84.10 crore (Rs 1.40 crore per day) for a special publicity campaign till March 31.
The government has also rolled out the advertisement claiming that “Magnetic Maharashtra” continues to be the favoured investment destination.
In another advertisement titled “Resolve for rural development”, the state Rural Development has listed out a slew of initiatives to boost development. The MahaYuti wants to project Maharashtra’s development while overall growth will be the major poll plank in the upcoming Lok Sabha elections, at the same time it will also publicise the decisions taken on the line of the Central government.
Despite fierce competition from several states in the era of Cooperative and Competitive Federalism, the Mahayuti government has said that Maharashtra leads in attracting Foreign Direct Investment (FDI) as it has received FDI worth Rs 1,18,422 crore during April-December 2023. A sum of Rs 1,00,112 crore of investment was attracted in Maharashtra which will contribute to 30 per cent of the nation’s FDI.
The government has claimed signing of MoUs worth Rs 3.73 lakh crore during the World Economic Forum summit in Davos for investment in varied sectors including steel, IT, green energy, agriculture, logistics and electronics. This is expected to generate employment opportunities for 2 lakh persons.
The cabinet sub-committee approved projects worth Rs 1,27,675 crore which are expected to create 1,62,500 jobs.
Memorandums of Understanding (MoU) have been signed with 7 companies for the production of green hydrogen with a proposed investment of Rs 2,76,300 crore to generate 64,000 employment opportunities.
The government has announced the Export Policy 2023 and integrated Textile Policy to attract more investments. Besides, the government expects an investment of Rs 95,000 crore under the new IT and ITeS policy. The government has claimed that the Maharashtra Industry, Trade and Investment Facilitation Cell will enable 119 facilities for industries providing ease of access and faster services.
The government has further claimed that Maharashtra is leading in defence manufacturing and it is the first-ever state in the country to create a defence and aerospace policy. MoUs worth Rs 1358 crore in the defence manufacturing sector were signed at the recently held by the Defence Expo.
The government has also taken credit for the approval of 12,326 loan cases in 2022-23 through the Chief Minister Employment Generation Programme. In 2023-24, loans of Rs 342 crore cleared for 14,822 entrepreneurs.
The government in a bid to smoothen logistics has also installed 6 parks in the state.
–IANS
sj/dan
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
