Day 2 of the Summit saw several big announcements, but whatever happened to much hyped earlier plans?
Devendra Fadnavis has his sights set on making Maharashtra a $1 trillion economy by 2025, and the chief minister unveiled his gameplan at the Magnetic Maharashtra summit on Monday.
“The state’s growth rate is 9.4 per cent in 2016-17 and we intend to accelerate it to 15.4 per cent to achieve the $1 trillion target by 2025,” he said.
Fadnavis said that the government would focus on the services sector to achieve this growth.
“We are looking to grow the share of services sector to 67 per cent in the state GDP by 2025 from 59 per cent at present. However, this will bring manufacturing’s share from present 30% to 27%.”
The state government signed MOUs worth Rs 6.17 lakh core with global as well as domestic companies on the second day of Magnetic Maharashtra summit. These agreements— about 56 — would create about 40 lakh jobs, said officials.
Besides the much talked about agreement between the Pune Metropolitan Regional Development Authority (PMRDA) and Virgin Hyperloop to develop hyperloop connectivity between Pune and Mumbai, South Korean firm Hyosung has teamed up with Maharashtra Industrial Development Corporation to develop a textile township near Shendra, in Aurangabad.
Other highlights of the day included announcements of investments by realty sector bodies such as Members of Confederation of Real Estate Developers of India (CREDAI), which signed MOUs worth Rs 2.65 lakh crore. Other sectors that will draw in investments included renewable power, in which Tata Power will invest Rs 15560 crore.
Source: mumbaimirror.indiatimes
