Now Reading: Maharashtra unveils plan for $1 trillion economy, 35 lakh homes
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Maharashtra unveils plan for $1 trillion economy, 35 lakh homes
Maharashtra Deputy Chief Minister Eknath Shinde on Tuesday said the state aims to become a USD 1 trillion economy by accelerating infrastructure, attracting investment and expanding housing. Speaking at the ETNow Business…
Maharashtra Deputy Chief Minister Eknath Shinde on Tuesday said the state aims to become a USD 1 trillion economy by accelerating infrastructure, attracting investment and expanding housing. Speaking at the ETNow Business Conclave in Mumbai, he said Maharashtra is leading India's growth story, citing its connectivity, skilled workforce and industrial ecosystem.
Shinde said investment proposals received during Davos visits rose from Rs 3 lakh crore in 2022 to around Rs 12 lakh crore in subsequent rounds. He announced a target of 35 lakh homes for economically weaker and low-income groups by 2030, and said the Mumbai metro network will expand from 337 km currently to 500 km. He also outlined a 5,000-km access-controlled road network and the Mumbai 3.0 high-tech urban centre project including edge city, aerocity and sports city.
Indian Opinion Analysis
Maharashtra's ambition of a $1 trillion economy depends on execution speed. The state contributes roughly 15% of India's GDP, but its share of national investment proposals has faced competition from Gujarat, Karnataka and Telangana. Mumbai's housing deficit is decades old: the last comprehensive slum survey, by the state in 2000, counted over 4,000 slum pockets housing nearly nine million people. Cluster redevelopment has been tried before but stalled on tenant consent and builder viability. The metro network target of 500 km is ambitious: Delhi Metro, India's largest, is around 390 km after two decades of construction. The Brihanmumbai Municipal Corporation will need to clear land acquisition and utility shifts at a pace it has not sustained before. The next milestone to watch is whether the investment MOUs Shinde cited convert into actual production-linked incentives disbursed by the state industries department in the next two quarters.
Source: timesnownews.com
This brief was synthesised by AI from the source linked above.
