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Time of India
3 days ago
- Business
- Time of India
In Delhi, Fadnavis Pitches ₹10,000 Crore Fertiliser Plant for Vidarbha
Nagpur: Maharashtra chief minister Devendra Fadnavis has proposed a ₹10,000 crore fertiliser plant in Nagpur district, positioning it as a game-changing investment to revive Vidarbha's agrarian economy. The proposed project, a joint venture between GAIL, the department of fertilizers, and the state government, will have an annual production capacity of 12.7 lakh tonnes. During a meeting with Union health minister JP Nadda in Delhi, Fadnavis—who is on a two-day visit to the national capital—requested central subsidy and policy clearance. "This will be a transformative project for Vidarbha," the CM said, highlighting its dual impact on rural employment and fertiliser availability. Nadda responded by instructing the state to submit a cabinet proposal. Fertilizers secretary Ratak Kumar Mishra was also present at the meeting. Fadnavis' visit included a series of high-level meetings to accelerate approvals for major infrastructure and environmental projects. In a meeting with finance minister Nirmala Sitharaman, he sought clearance from the ministry of economic affairs for five international funding proposals. These included ₹8,651 crore from the Asian Development Bank to connect villages with concrete roads, ₹4,326 crore for coastal protection, and another ₹4,326 crore to treat municipal wastewater for industrial reuse. Two additional proposals, routed through the World Bank, were also discussed. Sitharaman, acknowledging Maharashtra's financial discipline, assured full cooperation. "Maharashtra has maintained strong economic indicators on every front," she said. Finance secretary Anuradha Thakur, chief economic advisor to the CM Praveen Pardeshi, and principal secretary Ashwini Bhide attended the meeting. Fadnavis also pushed for a ₹22,490 crore rural road network project covering 14,000 km under the ministry of rural development. These 25-year maintenance-free roads, supported by ADB funding, are expected to ease transportation for farmers. Union agriculture minister Shivraj Singh Chouhan praised the plan and lauded the state's performance in housing schemes. "The central govt has sanctioned a record 30 lakh homes for the state," he noted. At NITI Aayog, Fadnavis discussed projects worth ₹4,326 crore each, including the use of artificial intelligence for non-communicable disease (NCD) screening and bamboo-based industrial clusters. He also presented progress updates on the ₹8,651 crore Marathwada Water Grid, the Damanganga-Godavari river-link project, and a skill development plan linking ITIs with private industry. The commission assured timely clearances. "Despite the Fiscal Responsibility and Budget Management (FRBM) limit of 25%, Maharashtra has stayed within 18%," said CEO BVR Subrahmanyam, commending the state's fiscal prudence.
The Hindu
3 days ago
- Business
- The Hindu
CM Fadnavis meets Union Ministers in Delhi, seeks financial assistance for projects
Chief Minister Devendra Fadnavis held a series of meetings with several top leaders in Delhi over the last two days to discuss and secure financial assistance for the implementation of various development projects in Maharashtra. During his two-day tour to Delhi, he met Union Home Minister Amit Shah, Union Health Minister and BJP National President J.P. Nadda, Union Defence Minister Rajnath Singh, Union Finance Minister Nirmala Sitharaman, Union Agriculture Minister Shivraj Singh Chauhan, and NITI Aayog officials. The meeting with BJP leader Mr. Shah at Parliament House lasted for about 25 minutes. According to the CMO, the projects and issues concerning Maharashtra were discussed. Mr. Fadnavis, also the State Home Minister, sought approvals and assistance for three projects from global financial institutions during the meeting with Nirmala Sitharaman. These projects include financial assistance of $1 billion (₹8651 crore) from the Asian Development Bank for the concretization of roads in rural Maharashtra, the second project— resolving rising sea levels in Maharashtra through natural means requires assistance of $500 million (₹4326 crore), and assistance of $500 million from the World Bank for reuse of sewage for industrial purpose. According to the CMO, Ms. Sitharaman gave instructions to the Finance Ministry to approve all three projects. During the meeting with J.P. Nadda, Mr. Fadnavis proposed the set-up of a 12.7 lakh tonne fertiliser project in Nagpur district, a joint venture between GAIL, the Fertiliser Department and the Maharashtra government. The State government has asked for a subsidy for a project worth ₹10,000 crore. Mr. Fadnavis also submitted a proposal worth $2.6 billion (₹22,490 crore) to the Union Ministry of Rural Development to build 14,000 km of roads in Maharashtra. Shivraj Singh Chouhan called the project 'ambitious' for farmers, providing 'good connectivity'. Meanwhile, with NITI Aayog CEO BVR Subramanian, Mr. Fadnavis discussed projects, including Artificial Intelligence for NCD (Non-Communicable Disease) screening, the bamboo-based cluster (both projects worth $500 million each), Marathwada Water Grid and Damanganga-Godavari river interlinking project, and other water conservation projects worth $1 billion. NITI Aayog officials praised Maharashtra for maintaining the Fiscal Responsibility and Budget Management (FRBM) limit at 18% against the limit of 25%
