Business Standard

Maharashtra to begin work on Rs 1-lakh-cr infra projects this year

Maharashtra, which accounts for 15% of national GDP, attracted 53% of the FDI in FY17

BMC

Chief Minister Devendra Fadnavis has already ruled out the BJP seeking Congress' help in the BMC

Press Trust of India Mumbai
Chief Minister Devendra Fadnavis said on Monday Maharashtra hopes to kickstart infrastructure projects entailing an investment of Rs 1 lakh crore this year.

"We hope to start works on projects worth Rs 1 lakh crore this year," Fadnavis said at an IACC event here without elaborating on specific projects.

He said infrastructure projects worth Rs 5.96 lakh crore have been planned in Maharashtra, which has earned the state honours from the NITI Aayog for being the leader in infrastructure creation.

Fadnavis said opportunities exist in the state for businesses across all sectors, and pointed out upcoming areas under the Smart City initiative which can be of interest to power, grid and housing industries.
 

Maharashtra, which accounts for 15 per cent of national GDP, attracted 53 per cent of the foreign direct investment (FDI) in FY17, Fadnavis noted.

This was because of the steps taken by his government on ease of doing business, he said, and assured all help to the industry.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Sep 18 2017 | 11:42 AM IST

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