Maharashtra votes 2024: Why is the state losing big projects to Gujarat?
7 months, 3 weeks ago

Maharashtra votes 2024: Why is the state losing big projects to Gujarat?

Hindustan Times  

Bhiwandi, about two hours away by road from Mumbai city, has long been known as the power loom hub that came into its own after the textile mills in Mumbai began shuttering down in the early 1980s. Of the state’s total GDP of around ₹38.79 lakh crore, Mumbai region alone contributes around 20 percent. Whether Maharashtra – and within it cities like Mumbai, Thane, Pune, Nashik, Nagpur – will continue to attract investment or not depends on the state government’s approach and action. With the GIFT City assiduously promoted by the Modi-led union government as a gateway for global capital and financial services, and Mumbai’s status as a diamond trading centre challenged by the 800-hectare Surat’s Diamond Research and Mercantile City, Mumbai needs to pull up its socks. The Economic Survey of Maharashtra 2022-23 showed that the state lagged behind Gujarat and Karnataka by miles with investments worth ₹35,870 crore while Gujarat got ₹98,159 crore by November 2022 and Karnataka saw investment of ₹68,931 crore.

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History of this topic

Agenda before the new regime in Maharashtra
2 weeks, 5 days ago

Agenda before the new regime in Maharashtra

Hindustan Times  

On November 23, 2024, Maharashtra’s electorate delivered the most decisive state assembly verdict since 1995, handing the Bharatiya Janata Party -led Mahayuti a landslide victory. This vision, complemented by infrastructure projects such as the Atal Setu and the DB Patil International Airport near Navi Mumbai, underscores Maharashtra’s critical role in shaping India’s future. Additionally, the ₹58,000 crore connectivity plan announced …

Time to focus on governance
2 weeks, 5 days ago

Time to focus on governance

Hindustan Times  

The election of Devendra Fadnavis as the leader of the Bharatiya Janata Party legislative party clears the decks for the 54-year-old to return as the chief minister of Maharashtra on the back of a historic mandate that saw the Mahayuti, the three-party coalition headed by the BJP, win a landslide victory in the recently concluded assembly elections. Fadnavis is now …

Maharashtra Election: How Big Business-Politics Nexus Reduces Elections to Power Grab Exercise of the Rich
3 weeks, 6 days ago

Maharashtra Election: How Big Business-Politics Nexus Reduces Elections to Power Grab Exercise of the Rich

The Hindu  

Published : Nov 26, 2024 20:07 IST - 6 MINS READ Elon Musk, the world’s richest man, will be a part of the government of US President-elect Donald Trump, himself a real estate magnate. A brief trip to Mumbai made during the Maharashtra election campaign gave one a bird’s eye view of how in “Maximum City” conversations about “people’s’’ candidates …

Maharashtra Assembly Elections 2024: How the BJP-led NDA Won Despite Economic Challenges
1 month ago

Maharashtra Assembly Elections 2024: How the BJP-led NDA Won Despite Economic Challenges

The Hindu  

Published : Nov 23, 2024 18:05 IST - 6 MINS READ Napoleon Bonaparte once said: “Men are ruled by toys.” As the cursed favourite toy, the State of Maharashtra has seen more than its fair share of attention from the country’s central leadership. During the Lok Sabha election, the Mahayuti lost five of the six Lok Sabha seats in the …

Maharashtra poll results: A resounding endorsement of Brand Modi and Mahayuti’s development agenda
1 month ago

Maharashtra poll results: A resounding endorsement of Brand Modi and Mahayuti’s development agenda

Firstpost  

While the contribution of regional leaders like Fadnavis, Shinde, and Pawar is undeniable, the bigger story here is the continued rise of Brand Modi and the overwhelming endorsement of the NDA’s development agenda The results of the recent Maharashtra Assembly elections have sent a clear, unmistakable message to the nation and, in particular, to the political observers in the state: …

Opinion: Maharashtra, India's miracle state, finds itself at a crossroads
1 month ago

Opinion: Maharashtra, India's miracle state, finds itself at a crossroads

India Today  

Maharashtra, India's most prosperous and second most populous state, has been a marvel that has often defied the conventional tale of modern development. In 1947, at the time of India’s independence, the regions of West Bengal, Maharashtra, and Tamil Nadu led much of India's economic activity as large British presidencies. On the human capital front, the state traditionally possessed strong …

Maharashtra assembly polls 2024: ‘Battle of ideologies between few billionaires and poor,’ says Rahul Gandhi
1 month ago

Maharashtra assembly polls 2024: ‘Battle of ideologies between few billionaires and poor,’ says Rahul Gandhi

Live Mint  

Congress leader Rahul Gandhi on Monday said that the Maharashtra election is an election of ideologies and an election between 1-2 billionaires and the poor. Rahul Gandhi said that the Maharashtra election is an election of ideologies and an election between 1-2 billionaires and the poor. Congress leader further noted, “Our thinking is that Maharashtra, the farmers of Maharashtra, the …

Maharashtra assembly polls a battle of ideologies, between few billionaires and poor: Rahul Gandhi in Mumbai
1 month ago

Maharashtra assembly polls a battle of ideologies, between few billionaires and poor: Rahul Gandhi in Mumbai

India TV News  

Mumbai: Lok Sabha MP and leader of the Opposition Rahul Gandhi addressed a press conference in Mumbai on Monday and said the Maharashtra election is an election of ideologies and an election between 1-2 billionaires and the poor. He added that the billionaires want the land of Mumbai to go into their hands and the estimate is that Rs 1 …

MVA Victory in Maharashtra: A Threat to Narendra Modi's Power
1 month, 3 weeks ago

MVA Victory in Maharashtra: A Threat to Narendra Modi's Power

India Today  

The article discusses the upcoming Maharashtra assembly election and the potential impact of an MVA victory on the Narendra Modi government. It highlights various issues, including corruption, land distribution, inflation, and law and order. The article also focuses on the Opposition's stance on the Ladki Bahin scheme and the perception that the Opposition has failed to set the narrative in …

Public Support for Mega Infrastructure Projects in Maharashtra: A Turning Tide
1 month, 3 weeks ago

Public Support for Mega Infrastructure Projects in Maharashtra: A Turning Tide

The Hindu  

The article discusses the political significance of mega infrastructure projects in Maharashtra, with a focus on the Mumbai Metropolitan Region (MMR). The projects, including Metro Rail, Coastal Highway, and road widening, are seen as a way to woo voters in the MMR zone and the State's urban pockets. While these projects are lauded by some, others argue that they are …

Eight crore new jobs in last three to four years: PM Modi
5 months, 1 week ago

Eight crore new jobs in last three to four years: PM Modi

The Hindu  

Prime Minister Narendra Modi on July 13 said that as per a report by the RBI, eight crore new jobs were made available in the country in the last three to four years. Mr. Modi was speaking at an event in Mumbai’s Goregaon suburb after launching and laying the foundation stone for ₹29,000 crore projects in road, railway and port …

Mumbai News: PM Modi inaugurates development projects, says my aim is to make city global fintech capital
5 months, 1 week ago

Mumbai News: PM Modi inaugurates development projects, says my aim is to make city global fintech capital

Live Mint  

Prime Minister Narendra Modi said his aim is to make Maharashtra world’s big financial powerhouse and to make Mumbai global fintech capital. Prime Minister Narendra Modi laid the foundation stone and inaugurated development projects in Mumbai on Saturday. Speaking at the event, PM Modi said, "My aim is to make Maharashtra world’s big financial powerhouse and to make Mumbai global …

Economic survey projects Maharashtra’s economy to grow by 7.6%
5 months, 3 weeks ago

Economic survey projects Maharashtra’s economy to grow by 7.6%

Deccan Chronicle  

As per the survey, the FDI equity inflow in Maharashtra was Rs 1,25,101 crore as compared to Rs 1,18,422 crore in 2022-23. The Economic Survey was presented by Deputy Chief Minister Ajit Pawar, who also handles the finance portfolio, in the monsoon session of the Maharashtra legislature on Thursday. In 2022-23, Maharashtra registered a growth of 6.8 per cent, which …

Maharashtra economy expected to grow at 7.6%, dropped from 9.4% in 2022-23
5 months, 3 weeks ago

Maharashtra economy expected to grow at 7.6%, dropped from 9.4% in 2022-23

Hindustan Times  

Mumbai: Maharashtra's economy is projected to grow by 7.6% in the 2023-24 financial year, matching the growth rate of the Indian economy as a whole, according to the state's latest economic survey. Maharashtra's revenue receipts for 2023-24 stood at ₹4,86,116 crore, an increase from ₹4,05,678 crore in the previous year. On a more positive note, the state's irrigation potential increased …

Maharashtra’s per capita income slides, Gujarat surges ahead
5 months, 3 weeks ago

Maharashtra’s per capita income slides, Gujarat surges ahead

New Indian Express  

MUMBAI: Maharashtra has slipped to the sixth position in terms of per capita income across India, as revealed in the state's economic survey report presented during the monsoon session of the Maharashtra State Assembly. Maharashtra's per capita income is recorded at Rs 2,52,389, followed by Andhra Pradesh with Rs 2,19,881 and Uttar Pradesh at Rs 83,636. Former Union Minister Sharad …

Maharashtra govt holds road show in Bengaluru; eyes ₹95,000 crore investments in IT sector
6 months, 1 week ago

Maharashtra govt holds road show in Bengaluru; eyes ₹95,000 crore investments in IT sector

Hindustan Times  

The Maharashtra government held a road show in Bengaluru on Tuesday, seeking investments into the information technology and IT-enabled services sectors. An event was organised at a hotel in Bengaluru -- which is referred as India's Silicon Valley for its IT sector prowess -- in association with industry lobby Assocham. Maharashtra Industrial Development Corporation 's joint chief executive Anil Bhandari …

India’s State Sector Is Thriving. That’s a Problem
6 months, 3 weeks ago

India’s State Sector Is Thriving. That’s a Problem

Live Mint  

-- Ten years ago, when Narendra Modi — then chief minister of business-friendly Gujarat state — rode an electoral wave to the prime ministership in New Delhi, many expected that he would be far more supportive of the private sector than previous Indian leaders. The minister in charge of India’s state petroleum companies, for example, says that the Modi administration …

How the Mumbai Metropolitan Region is getting future-ready
7 months, 2 weeks ago

How the Mumbai Metropolitan Region is getting future-ready

Hindustan Times  

That’s how large metropolitan Mumbai is. The money will be used to make metropolitan Mumbai future-ready, with the development of metro lines, road tunnels, solid waste management projects and enhanced rail systems, among others. Out of the ₹60,000 crore, the state government has guaranteed loans up to ₹24,000 crore in two tranches for various infrastructure projects across the Mumbai metropolitan …

New investments slid 46% in Q3 as manufacturing, infra outlays shrank
11 months, 1 week ago

New investments slid 46% in Q3 as manufacturing, infra outlays shrank

The Hindu  

Fresh investment plans almost halved between October and December 2023 from the previous quarter, with public capital expenditure projects tripping at a faster pace of almost 60%, while proposed private sector outlays fell 35%. While new road projects slumped 56%, with 194 projects worth ₹25,904 crore, fresh railway investment plans plummeted by a much sharper 92.2%, with only 28 new …

Why does Maharashtra not have a single elected municipal body?
11 months, 2 weeks ago

Why does Maharashtra not have a single elected municipal body?

Hindustan Times  

As 2023 drew to a close, so did the terms of two of Maharashtra’s municipal corporations — Ahmednagar and Dhule. Once normalcy was restored in the second half of 2021, the then Maharashtra Vikas Aghadi government, under the chief ministership of Uddhav Thackeray, began administrative preparation for local body elections. Political analyst and senior journalist Prakash Akolkar said that running …

Gujarat to emerge as USD 1 trillion economy by 2030: CM Bhupendra Patel
1 year, 2 months ago

Gujarat to emerge as USD 1 trillion economy by 2030: CM Bhupendra Patel

India TV News  

Gujarat news: Chief Minister of Gujarat Bhupendrabhai Patel today while addressing the Federation of Indian Chambers of Commerce and Industry's National Executive Committee Meeting emphasised that Gujarat is recognised as the growth engine of India and the world. The Chief Minister also said that Gujarat is determined to play a major role in making the country a $5 trillion economy …

20 Years of ‘Vibrant Gujarat’: How the State Has Become Dream Destination for Investors
1 year, 2 months ago

20 Years of ‘Vibrant Gujarat’: How the State Has Become Dream Destination for Investors

News 18  

With the Vibrant Gujarat Global Summit completing 20 years this year, Prime Minister Narendra Modi will participate in it, commemorating the anniversary. In a big move for the country’s upcoming semiconductor industry, US-based chipmaker Micron Technology, Inc. carried out the ground-breaking of its $2.75 billion assembly, testing and packaging plant in Sanand, Gujarat last week. • In Sanand, the establishment …

Maharashtra woos UK companies for next phase of investment in state
1 year, 6 months ago

Maharashtra woos UK companies for next phase of investment in state

Hindustan Times  

Days after the Maharashtra government’s new IT/ITES Policy 2023 was announced, with a focus on promoting innovation in emerging technologies as well as additional subsidies, the state is in talks with companies in the UK for investment. “We have 293 industrial areas in the state now, of which 143 are large ones,” says Vipin Sharma, who is the CEO of …

Q4 investments at all-time high of ₹14.6 lakh crore
1 year, 8 months ago

Q4 investments at all-time high of ₹14.6 lakh crore

The Hindu  

India’s investments narrative closed last year with a bang, as the January-to-March quarter recorded the highest-ever total fresh investments of ₹14.6 lakh crore, led by private sector outlays that also hit an all-time high of ₹10.5 lakh crore. “The manufacturing sector has emerged as the dominant sector in terms of investment, with its share in total fresh investment increasing from …

Maharashtra CM Shinde to Sign MoUs Worth Rs 1.4 Lakh Cr at Davos, Eyes 66.5k New Jobs
1 year, 11 months ago

Maharashtra CM Shinde to Sign MoUs Worth Rs 1.4 Lakh Cr at Davos, Eyes 66.5k New Jobs

News 18  

Seeking to present Maharashtra as a key investment destination, state chief minister Eknath Shinde plans to sign MoUs worth Rs 1.4 lakh crore in Davos on the sidelines of the World Economic Forum Annual Meeting. “We are leading the way in delivering ground-breaking investment opportunities and building confidence for the investing community.” “These MoUs demonstrate the heightened interest in the …

Maharashtra has infra, manpower needed for big projects: CM Shinde at India Today Conclave
2 years, 1 month ago

Maharashtra has infra, manpower needed for big projects: CM Shinde at India Today Conclave

India Today  

Maharashtra has the infrastructure, potential and skilled manpower needed to take up big projects, said Eknath Shinde, the Chief Minister of Maharashtra on Friday, while replying to a question on why the state lost the Vedanta-Foxconn's semi-conductor and Tata Air Bus projects in quick succession. Speaking at the two-day conclave organised by India Today in Mumbai, Shinde said the Prime …

How Gujarat’s whopping infrastructure push promises to create corridors of growth and prosperity
3 years, 1 month ago

How Gujarat’s whopping infrastructure push promises to create corridors of growth and prosperity

Firstpost  

The Delhi-Mumbai Industrial Corridor, with a length of 1,700 km and a command area of 530,318 sq km, will impact seven states, with Gujarat getting the maximum advantage thanks to its large coastline of 1,600 km and several seaports to export produce at any time. Dholera SIR is the first greenfield industrial city with a large project spanning 920 sq …

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