Home Business & Economy In three months, Maharashtra lost 4 projects worth Rs 1.8 lakh cr to others

In three months, Maharashtra lost 4 projects worth Rs 1.8 lakh cr to others

Maharashtra was hoping to generate over 1 lakh direct and indirect jobs through these projects.The latest in the list is the announcement on Thursday that the Rs 22,000 crore Tata-Airbus C-295 transport aircraft manufacturing plant will now come up in Vadodara, Gujarat.

by News Desk
0 comment

The Tata-Airbus C-295 transport aircraft project, which will come up at Vadodara in Gujarat, is the fourth major project – with total investment worth around Rs 1.8 lakh crore – to go to some other state in the last three months despite Maharashtra being a contender for the same.

Industries Minister Uday Samant and Union Minister Nitin Gadkari were hopeful of bringing the Rs 22,000-crore Tata-Airbus C-295 transport aircraft manufacturing plant to Nagpur’s Mihan. The project was expected to create around 6,000 direct and indirect jobs in the state.

In September, Rs 1.54-lakh crore Vedanta-Foxconn project had gone to Gujarat’s Dholera. However, the company was to set up a semiconductor fab unit in Maharashtra’s Talegaon industrial area, for which even the location was finalised. As per estimates, the project and other dependent small industries would have created around one lakh jobs.

Maharashtra was also one of main contenders for the bulk drug park project – estimated to cost around Rs 3,000 crore. The project could have created around 50,000 direct and indirect jobs. Maharashtra was pushing for the project to come up at Roha and Murud tehsils in coastal Raigad district and had earmarked 5,000 acre of land for the same.

banner

However, on September 1, the Centre extended in-principle approval to the proposals of Himachal Pradesh, Gujarat and Andhra Pradesh for promotion of bulk drug parks – an initiative to support the drugs manufacturing industry.

Moreover, in September last week, the Union government turned down Maharashtra’s proposal to set up a Rs 424-crore medical devices park in Aurangabad’s Auric city, while approving proposals from Tamil Nadu, Uttar Pradesh, Madhya Pradesh and Himachal Pradesh.

The previous Maha Vikas Aghadi (MVA) government had approved the project in October 2020 with special incentives. The government then had estimated that over 3,000 direct and indirect jobs would be created if the project came to Maharashtra.

Replying to Opposition’s criticism, Deputy Chief Minister Devendra Fadnavis had then challenged that he be shown a single document that had stated that the project was to come to Maharashtra. Since the Vedanta-Foxconn project being shifted to Gujarat, the Eknath Shinde government has blamed the alleged failure and lack of initiative on part of the MVA government for projects going to other states.

You may also like

Leave a Comment

Pro Indian provides Latest News, India News. Read Live Breaking News from India. Stay Up-to-date with Top news in India, current headlines, photos and live coverage on entertainment, business, politics, sports, technology and more.

Edtior's Picks

Latest Articles

Copy Rights © 2022. All Right Reserved.