At Make in India event, five new policies introduced
Geetanjali Minhas | February 16, 2016 | Mumbai
Maharashtra has signed 2,560 MoUs worth Rs 6.11 lakh crore for private investment in the last 16 months, of which 23 have been signed during the ongoing Make in India week, state principal secretary Apurva Chandra said on Monday. These investments are expected to flow in over a period of five years and create 1.6 million jobs in the state.
Out of the total 2,560 MoUs, 2,097 are from the micro, small and medium enterprises (MSME), the backbone of the state’s economy. “These involve an investment commitment of Rs 1.22 trillion and will create more than 1,16,000 jobs in Maharashtra’s semi-urban and rural areas, Chandra said. He added, “The MoUs also represent diverse sectors ranging from IT to integrated textile parks to retail to mining to electronic to tourism. They tell the story of Maharashtra’s industrial diversity.”
Five new policies introduced
Chief minister Devendra Fadnavis announced five new policies in the areas of retail, electronics, single window, ports and SC/ST, terming manufacturing as key for the state's growth. He promised his government’s commitment to ease of doing business. Fadnavis said that 50 percent of employment in Maharashtra still comes from agriculture, which contributes only 11 percent to the state’s GDP. He observed said that this sector was not going to provide employment opportunities, something which would come from the manufacturing sector.
“One of the biggest shortcomings of the state was that infrastructure growth had not kept pace with industrial growth. This was one of the key issues this government was working on,” he said.
Nirmala Sitharaman, union minister of state for commerce and industry, said that while Maharashtra continues to remain at the top in terms of investment, it seems to have lost some vigour over the past few years.
The Covid-19 pandemic has disrupted economies and healthcare systems across the world. Even in the countries like the US that have the highest spend on healthcare and public health emergency preparedness, the impact of coronavirus pandemic on health and livelihoods of people has been tremendous. There are
India would play a leading role in the global revival, prime minister Narendra Modi said on Thursday, as he addressed the inaugural session of India Global week via video-conference. He said that this is closely linked with two factors. “First is - Indian talent and second is India`s
The BrihanMumbai municipal corporation (BMC) has countered Maharashtra leader of opposition Devendra Fadanvis’s suspicions of fewer Covid-19 tests, as it outlined various measures it has adopted since the first test conducted on February 3, and how it has gradually brought down the number of cases in
As part of the four T strategy of trace-test-track-treat, Mumbai – the most affected city in India – has decided to make Covid-19 tests accessible to all. The municipal corporation of Greater Mumbai (MCGM) has come out with guidelines allowing all laboratories to conduct RT-PCR (
In a major development on July 6, the Chinese army started moving back its tents, vehicles as well as troops from locations where disengagement was agreed upon in eastern Ladakh’s Galwan Valley. This is a significant milestone in regional geopolitics with India having been successful in isolating the
With the Covid-19 pandemic pushing more online activity and the capacity usage of data centres going up, India’s largest data centre (DC) building and the biggest tier-IV data centre, Yotta NM1,the second largest in the world, has been launched in Mumbai. The launch event on Tue