Latest news with #MAITRI2.0
Time of India
6 days ago
- Business
- Time of India
Auric will get 10,000 acres for expansion, says secretary of department for promotion of industry & internal trade
Chhatrapati Sambhajinagar: Amardeep Singh Bhatia, the secretary of Centre's department for promotion of industry and internal trade (DPIIT) at the Centre, announced on Saturday that the Aurangabad Industrial City (Auric) will undergo further expansion on 10,000 acres of land. "Auric will play a key role in the path to achieving a $30 trillion economy for India by 2047. It has been playing a pioneering role by emerging as a vibrant manufacturing hub," Bhatia said during his visit to Auric at Chhatrapati Sambhajinagar. Auric is a greenfield industrial smart city taking shape over 10,000 acres as part of the Delhi-Mumbai Industrial Corridor (DMIC). The industrial city is being developed in Bidkin and Shendra nodes, with the Bidkin node already attracting significant investments from electric vehicle manufacturers, among others. Bhatia added that Centre plans to establish 100 additional industrial cities like Auric across the country. "In order to achieve the $30 trillion economy target, we have to grow at the rate of 9 to 10% every year. The development of manufacturing hubs is crucial to achieve this," he said. P Anbalagan, the principal secretary of the state industries department, who accompanied the Union secretary, said, "The necessary notification would be issued in the next two to three months, paving the way for the expansion of the AURIC." Bhatia also visited the Marathwada Accelerator for Growth and Incubation Council (MAGIC), emphasising that Indian startups should focus on building world-class products. "The Indian startups need to focus not just on India but on global markets. The country has emerged as the third-largest startup ecosystem globally," he said, praising MAGIC for securing more than 20 patents for startups and supporting tier-2 and tier-3 cities. Speaking on the occasion, Anbalagan announced that 15 new policies would soon be introduced by state govt, covering sectors such as defence, event management, logistics, deep technology, and special MSME support. "Funding worth Rs 3,000 crore will be made available across various domains for startups. Additionally, the 'MAITRI 2.0' portal will soon be launched, offering approvals for over 120 services through a single-window system," he said.
Indian Express
24-05-2025
- Business
- Indian Express
Maharashtra to be trillion dollar economy by 2030, five trillion dollar by 2047: Fadnavis
The state government has evolved a three-phase comprehensive plan to achieve 'Viksit Maharashtra 2047' goal, Chief Minister Devendra Fadnavis said on Saturday. The policies and reforms initiated by the state government will see Maharashtra become a trillion dollar economy by 2030 and five trillion dollar economy by 2047, he added. 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.
