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Wednesday, February 1, 2023

Maharashtra Govt Approves Industrial Projects Worth Rs 70,000 Crore

These projects are expected to generate over 55000 jobs

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Raju Vernekar
Raju Vernekar
Raju Vermekar is a senior Mumbai-based journalist who have worked with many daily newspapers. Raju contributes on versatile topics.

INDIA. Mumbai: The Maharashtra Government on Wednesday approved industrial projects having the potential to generate over 55000 jobs, with an investment of Rs 70,000 crore in Vidarbha, Marathwada, Nashik, and Pune.

Pune

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The mega projects include a Rs 10,000 crore Electric vehicle manufacturing project to be set in Pune by Mahindra Electric Mobility Limited. This will be the first electric vehicle manufacturing project in India. Besides, a unit to develop prototypes and conduct research will be set up in collaboration with Volkswagen. 

The technology development will be the Government’s Intellectual property, “Made in Maharashtra.” The official statement read that this project is expected to promote many ancillary industries.

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Besides, a plant engaged in the production of Pharmaceutical Glass Tubing, Clear Glass Tubing, Dark Amber Glass Tubing, Syringe & Cartridge Tubing will be set up by Nipro Pharma Packaging India Private Limited, with an investment of Rs 1650 crore in Pune. The project will be implemented in two phases and will generate over 2000 jobs. At present, the state is required to import this equipment.

Nashik

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Reliance Life Sciences Private Limited will set up a Rs 4206 crore project to manufacture Plaza Protein, Vaccine, Gene therapy, and other medicines in Nashik.

Chandrapur

The New Era Cleantech Solution Private Limited in Chandrapur will set up a Rs 20,000 crore Coal gasification project. 

Gadchiroli

In Naxal-infested Gadchiroli, a mining and processing project will be set up by Lloyds Metals and Energy Ltd, with an investment of Rs 20,000 crore. In addition, Varad Ferro-alloys Private Limited will set up a steel plant with an investment of Rs 1520 crore in Gadchiroli.

Amravati

Indo Rama Synthetics India Limited has been permitted to set up two subsidiaries to manufacture Textile products with an investment of Rs 2500 crore in Amravati.

These proposals were cleared by a cabinet sub-committee comprising Chief Minister Eknath Shinde, Deputy Chief Minister Devendra Fadnavis, and Industries Minister Uday Samant. Chief Secretary Manukumar Srivastava, Industries Principal Secretary Dr. Harshdeep Kamble, Finance Minister O P Gupta, Principal Secretary Rajgopal Deora, MIDC CEO Dr. Vipin Sharma, and Industries Development Commissioner Dipendrasingh Kushwah also attended the meeting.

Also Read: PM Modi Launches a Rs 75000 Crore Developmental Projects in Vidarbha 

Author

  • Raju Vernekar

    Raju Vermekar is a senior Mumbai-based journalist who have worked with many daily newspapers. Raju contributes on versatile topics.

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