MUMBAI: Important decisions were taken regarding large-scale industrial investment in the state in the 12th meeting of the Cabinet Sub-Committee held at Vidhan Bhavan on Wednesday under the chairmanship of Maharashtra Chief Minister Devendra Fadnavis. Out of 19 proposals, 17 large and super-large projects were approved with special incentives in the meeting.
Deputy Chief Minister Eknath Shinde, Deputy Chief Minister Ajit Pawar, Minister Uday Samant, Chief Secretary and senior bureaucrats were present in this meeting. A total investment of Rs 1,35,371.58 crore is going to come in the state through these projects, which will create about one lakh direct and indirect employment opportunities.
These proposals include investments in thrust sectors and high technology, which are expected to give new impetus to the industrial capacity and economic growth of the state.
Chief Minister Fadnavis said, "The state government is committed to attracting investors and creating new employment opportunities. These projects will not only strengthen the industrial base but will also provide new opportunities to the youth in the technical and professional field."
This move of the state government is being considered a major decision towards industrial development, which will help in maintaining Maharashtra among the most preferred destinations in the country for investment.
Chief Minister Fadnavis said that these projects are based on thrust sectors and high technology and will promote technological innovation, research and development in the state. This investment will be made in various sectors like semiconductors, electric vehicles, lithium ion batteries, textiles, green steel, space and defense materials.
It was decided to provide capital subsidy, electricity duty concession, interest rate concession, industrial incentive subsidy, refund of ownership interest, refund of provident fund etc. to the industries for these projects. Also, it was decided to increase the number of projects in the thrust sector from 22 to 30. At the same time, approval was given to acquire and allocate land in Dapchari and Vankas of Palghar district for the proposed project of Reliance Industries Limited and to apply special incentives by including 'Coal Gasification and Downstream Derivatives' product in the government decision.
The proposed projects include Paras Defence and Space Technology (Navi Mumbai), Jupiter Renewable (Nagpur), Reliance Infrastructure (Nagpur), M/s BSL Solar (Nagpur), M/s Shram Bio Fuel (Nagpur), Hyundai Motor India (Pune), Uno Minda Anto Innovation (Pune), Air Liquid India Holding (Pune), Essar Exploration and Production Limited (Raigad), Balasore Alloys Limited (Raigad), Surjagad Ispat (Gadchiroli), Suflam Industries Limited (Gadchiroli), Suflam Metal (Gadchiroli), Kirtisagar Metalloy (Gadchiroli), General Polyfilms (Nandurbar), NPSPL Advanced Materials (Chhatrapati Sambhaji Nagar), Suflam Industries (Gondia), M. Vardhan Agro Processing Limited (Satara), M. Awatade Spinners Private Limited (Solapur) are some of the important companies.
This decision will boost the micro, small and medium enterprise sector in the state, create a local supply chain and create new opportunities for skill development. Also, this will strengthen the industrial and economic progress of the state.