Industrial Development Sector News | Project News | Project Update | Project Opportunities
The Maharashtra Cabinet has approved a revised policy to promote mega projects based on advanced technology across the state, offering industrial promotion subsidies. Projects with an investment of Rs 10,000 crore or more, irrespective of sector, will receive a subsidy amounting to 100% of the fixed capital investment. For investments of Rs 20,000 crore, the state will provide a subsidy of 11% under the collective incentive scheme. So far, five projects have been approved, with two pending before the Cabinet Sub-Committee, and three more awaiting approval. These projects are expected to bring Rs 1.79 lakh crore in investments and create 60,000 jobs. In total, the state anticipates Rs 2 lakh crore in investments from 10 projects, generating over 1 lakh jobs.
*Image used, if any, in this post is for illustration only
Note: The above-mentioned news was first published by us in our ProjectX India | 1st November 2024 edition.. Get this issue or any of our editions by clicking here…
Access Industrial Development sector projects, news, contracts and tenders from India in ProjectX India
ProjectX India helps you identify new projects in India. Accelerate your business by getting timely information on upcoming and ongoing projects, contract awards, and tenders. ProjectX India provides you with actionable new project opportunities through contacts. The copy is delivered to you through email every fortnight. For subscriptions, click here…
Click here to download an evaluation copy that covers new projects from India, ongoing projects from India, contract awards from India, and public procurement opportunities from India. WhatsApp us at 877 927 9155 for subscriptions or advertising on this website and digital edition.