Maharashtra to be trillion dollar economy by 2030, five trillion dollar by 2047: Fadnavis
The Mumbai Metropolitian Region (MMR) alone has the potential to become a 1.5 trillion dollar economy, Fadnavis said, speaking at the tenth Niti Aayog meet in New Delhi. The meeting chaired by Prime Minister Narendra Modi was attended by Union ministers and chief ministers from across the country.
Underlining Maharashtra's role in Viksit Bharat 2047 goal, Fadnavis outlined the phasewise roadmap in key sectors undertaken by him in the last six month since he took oath as CM on December 5 last year. 'First we focused on good governance streamlining the faults in the administrative system within hundred days. And now we have given 150 targets to every department to achieve. It will be regularly reviewed and upgraded to bring accountability and transparency along with ease of doing business and making governance people-oriented,' he said.
'By 2030 given the current financial growth we will achieve the one trillion dollar economy goal by 2030 and five trillion dollar goal by 2047,' Fadnavis said, adding that under the new industrial policy, 'our objective is to enhance GDP in the manufacturing sector to 20 per cent'.
He said that MAITRI 2.0 will ensure single-window clearance, while EV, semiconductor, green hydrogen and data centres among others will be sectors that will get fresh impetus.
'In the first three quarters of 2024-25, Maharashtra received Rs 1.39 lakh crore FDI. At the WEF held in Davos, Maharashtra signed MoUs for investments worth Rs 15.96 lakh crore. We are focused on infrastructure and employment… Samruddhi Mahamarg, coastal road, Navi Mumbai Airport, Metro railways, multimodel logistic hub among others,' he said.
'Even two and three-tier towns are being developed. While Gadchiroli is going to become a steel hub, Nagpur a defence hub, Amravati a textile hub, Raigad will be developed as a smart industrial city, Chhatrapati Sambhajinagar as a EV hub,' Fadnavis stressed.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
5 minutes ago
- Economic Times
How to trade RIL shares after Q1 earnings
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Reliance Industries (RIL) are expected to open with a gap-up when trading resumes on Monday, following a stronger-than-expected profit jump in Q1. Having gained 16% over the last three months, RIL shares may have more upside from current levels and could rally up to 22% this year, according to Ambani-led Reliance Industries Ltd (RIL) reported a 78% year-on-year (YoY) increase in its Q1FY26 consolidated net profit to Rs 26,994 crore, compared to Rs 15,138 crore in the same period last year. The profit attributable to the owners of the company exceeded Street estimates of Rs 22,069 crore. On a sequential basis, profit after tax (PAT) rose 39% from Rs 19,407 crore in Q4FY25."We are noticing a strong trend in Reliance stock as it continues to form higher tops and higher bottoms on the technical charts. The strong results may provide further support to the prices," said Anuj Gupta, Director at Ya Wealth Global recommends a 'Buy' on Reliance Industries shares when markets open, with an immediate-term target of Rs 1,500 to Rs 1,530. In his view, the stock could test levels between Rs 1,600 and Rs 1,800 over the next six months, implying an upside potential of up to 22% from Friday's closing price of Rs 1,476 on earnings were in line with Gupta's expectations, he said, adding that robust management commentary and business expansion in Jio, Reliance Retail Ventures, and the O2C segment would support stock Nilesh Jain, Head Vice President, Equity Research – Technical and Derivatives at Centrum Broking, recommends an 'Accumulate on dips' strategy from a long-term portfolio perspective. "Technically, Reliance had earlier given a breakout above the crucial Rs 1,460 level and rallied up to Rs 1,550. However, recent profit booking has dragged the stock back near its breakout zone of Rs 1,460, which now serves as a key make-or-break level," he added that the core earnings reflect a strong performance by analyst Kranthi Bathini also echoed a 'Buy' call, recommending dip buying for investors with a long-term view. For existing investors, he suggested a 'Hold', estimating an upside of 15–20% over the next 12 months. "RIL reported strong growth in its Q1 profits aided by other income from the stake sale in Asian Paints, and traction in its O2C business is improving," said the Director – Equity Strategy at WealthMills Securities. The company's consumer-facing businesses, Jio and retail, are performing strongly and remain key growth drivers, he conglomerate Reliance Industries (RIL) on Friday posted its June quarter earnings, marking several key milestones, including its highest-ever consolidated quarterly operating profit and net profit. Its telecom arm surpassed 200 million 5G subscribers, while the retail business delivered double-digit EBITDA growth and industry-leading more: RIL Q1 Results: 10 key takeaways from Mukesh Ambani-led energy-to-retail conglomerate's earnings (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times
Hans India
5 minutes ago
- Hans India
Govt reduced land allotted to Metro for real estate lobby: Min
Bengaluru: Union Minister of State Shobha Karandlaje has accused the Congress-led Karnataka government of reducing the land allotted to the Bengaluru Metro Rail Corporation Limited (BMRCL) from 46 acres to just 9 acres in the prime Hebbal area in Bengaluru to 'benefit' the real estate lobby and illegal immigrants. The area falls under the Bengaluru North Lok Sabha constituency, which MoS Karandlaje represents. Speaking to reporters after inspecting the site, where a proposed multimodal transport hub was to be developed, MoS Karandlaje said, 'We are in the Hebbal area of Bengaluru. In 2000, under the leadership of then CM late S.M. Krishna, 51 acres of land in the Hebbal-Amanikere area were acquired. After encroachments, 48 acres remain today. Just a month ago, the current government decided to hand over this land to BMRCL for the development of a multimodal transport hub.' 'However, very recently, the allotment was reduced to just 9 acres. Why was this done? Why did the government backtrack from its original decision to allocate 48 acres and now grant only 9? Who is behind this decision? Which real estate mafia is influencing this move? Let us not forget - this land is situated en route to the Bengaluru International Airport,' she said. Emphasising the strategic importance of the location, she said, 'This is going to be a major junction. A Metro station, BMTC depot, Ring Road connection, and NHAI roads are all planned here. The area is ideal for a multimodal transport hub that can significantly ease traffic congestion on the airport road.' 'But now, the government and the minister in charge have colluded to override the previous decision. How much money exchanged hands? How much was given to Randeep Singh Surjewala? These questions need answers,' she said. She added that local farmers, who had given up their land for development, are now demanding it back if it is going to be handed over to private parties. 'People from various states have settled here. There are Bengalis, Rohingyas. Anti-national activities are reportedly taking place. Garbage and bottles from across Bengaluru are dumped here. No one knows who these people are. Many claim to be from Kolkata and possess Aadhaar cards, some of which are fake, along with fake voter ID cards. They claim to have lived here for 10 to 15 years,' MoS Karandlaje said.
Hans India
5 minutes ago
- Hans India
Minister inspects ongoing railway works
Bhubaneswar: Railwayprojects worth over Rs 80,000 crore are being executed in Odisha, Union Minister of State for Railways V Somanna said on Saturday. He said Rs 10,599 crore was allocated to the State in the 2025-26 budget, a 12.5-fold increase from the Rs 838 crore allocated during the 2009-14 period. Fifty-nine stations are undergoing redevelopment at a cost of Rs 2,379 crore in the State, he said, adding that more than Rs 25,000 crore have been sanctioned in the last one year for eight new railway projects, multitracking and flyover works. Somanna conducted an extensive inspection of the ongoing redevelopment works at Bhubaneswar station. East Coast Railway (ECoR) General Manager Parmeshwar Funkwal accompanied him during the inspection. The minister said redevelopment of Bhubaneswar railway station is being done under 'Amrit Bharat Station' scheme, and the work is progressing at a very good part of the redevelopment, the station will get an elevated approach road for the segregation of inward and outward movement, he said. The redeveloped station will have amenities such as improved access, circulating areas, waiting halls, toilets, lifts and escalators, kiosks for local products, better passenger information systems, amenities for disabled people, executive lounges, and nominated spaces for commercial development, officials said.
