logo
Gadchiroli to Become Maharashtra's New Steel Hub, Says Industry Minister Uday Samant

Gadchiroli to Become Maharashtra's New Steel Hub, Says Industry Minister Uday Samant

Time of India08-07-2025
Nagpur: Maharashtra is set to develop Gadchiroli into a major industrial hub with a Rs1 lakh crore steel project, which will foster a wider steel industry ecosystem in Chandrapur, Gondia, and Bhandara districts, industries minister Uday Samant said in the state legislature on Monday in response to a resolution under Rule 293.
"Maharashtra has emerged as the leading state in implementing agreements signed during the World Economic Forum at Davos. We are executing 85% to 87% of those commitments—more than any other state," Samant said.
"Over the past three years, the state saw an increase in foreign direct investment (FDI), leading to the creation of 62,000 new entrepreneurs under the Chief Minister's Employment Generation Programme.
This industrial momentum reflects our pro-business climate and balanced development policy," Samant said.
Besides Gadchiroli, the minister mentioned investments of Rs60,000 crore in Chhatrapati Sambhajinagar and Rs30,000 crore in Ratnagiri district. Maharashtra has launched the District Industry Council initiative to provide local support for investors. This year, the state attracted Rs1.45 lakh crore in new investments, he noted.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Book 3 & 4 BHK apartments from 4.65 Cr* in Sec 22, Gurugram
Ambience Creacions, Gurugram
Learn More
Undo
Maharashtra ranks among the top three states nationwide in implementing the Vishwakarma Yojana, a skill-based livelihood initiative, and has initiated the "Madache Gaav" (Honey Village) programme to support rural micro-enterprises.
To facilitate industrial expansion, thousands of acres are being acquired for new industrial estates. Key corridors such as the Auric City project in Chhatrapati Sambhajinagar, Mhaswad Industrial Corridor, and Dighi Port Corridor are expected to enhance Maharashtra's manufacturing capacity and export potential.
Samant affirmed, "The govt is committed to strengthening our industrial backbone and giving entrepreneurs the confidence and support they need to thrive."
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

UPI surge: India leads the world in fast payments; 18 billion monthly transactions power growth
UPI surge: India leads the world in fast payments; 18 billion monthly transactions power growth

Time of India

time40 minutes ago

  • Time of India

UPI surge: India leads the world in fast payments; 18 billion monthly transactions power growth

AI image India has become the world's top player in real-time digital payments, largely due to the rapid growth of the Unified Payments Interface (UPI), according to a recent International Monetary Fund (IMF) note titled 'Growing Retail Digital Payments: The Value of Interoperability'. Launched in 2016 by the National Payments Corporation of India, UPI has revolutionised the country's payment ecosystem by enabling users to link multiple bank accounts to a single mobile app and make instant transactions with ease. It has not only simplified peer-to-peer payments but also enabled millions of small businesses to accept digital payments at minimal cost. According to data from the Press Information Bureau (PIB), UPI now processes over 18 billion transactions every month, accounting for 85 per cent of India's total digital payments. In June alone, the platform recorded 18.39 billion transactions worth Rs 24.03 lakh crore — a 32 per cent increase from June last year. With 491 million users and 65 million merchants onboard, UPI connects 675 banks through a single digital framework. 'This shift has taken India away from cash and card-based payments and pushed it towards a digital-first economy,' noted the PIB in its latest background series. 'Millions of individuals and small businesses now rely on UPI for safe and low-cost transactions. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Get Your Handmade Phone Case Now [Limited Offer] Buy Now Undo By making payments quick and accessible, UPI has become a powerful tool for financial inclusion.' The platform's global footprint is expanding as well. UPI is now operational in seven countries, including the UAE, Singapore, Bhutan, Nepal, Sri Lanka, France, and Mauritius. Its debut in France marks UPI's first foray into Europe, allowing Indians there to pay seamlessly without the usual hassles of foreign transactions. India is also pushing for UPI to be adopted within the BRICS grouping, which now includes six new member nations. As per the PIB, such an expansion 'will improve remittances, boost financial inclusion and raise India's profile as a global tech leader in digital payments.' The journey to this digital success was built on a strong foundation of financial inclusion. The Jan Dhan Yojana was a key enabler, bringing over 55.83 crore people into the formal banking system as of July 9. These accounts not only offer a secure way to receive welfare benefits but also encourage saving and digital financial habits. 'These figures show more than just numbers. They reflect trust, convenience and speed. Every month, more individuals and businesses choose UPI for their payments. This growing use is a strong sign that India is moving steadily towards a cashless economy,' the PIB added. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now

Govt schools to teach entrepreneurship across classesVII-XII
Govt schools to teach entrepreneurship across classesVII-XII

Time of India

time43 minutes ago

  • Time of India

Govt schools to teach entrepreneurship across classesVII-XII

New Delhi: A new chapter in education is unfolding in Delhi govt schools as students from classes VII to XII prepare to learn the fundamentals of entrepreneurship—not as an optional activity, but as a part of their regular curriculum. This initiative is part of the newly launched NEEEV (New Era of Entrepreneurial Ecosystem & Vision) scheme, introduced this year. To get things rolling, all heads of schools across Delhi will participate in an orientation session this week. This training will equip them to effectively implement NEEEV in classrooms and help students combat the potential problems they may face. Aligned with National Education Policy (NEP) 2020, NEEEV aims to prepare students for real-world challenges by equipping them with the mindset and tools needed to innovate, ideate, and build sustainable ventures. Under this scheme, students will be gradually introduced to various facets of entrepreneurship, including startup ecosystems, ideation, prototyping, funding strategies, and the fundamentals of launching and managing a business. Weekly sessions will be conducted by school faculty members appointed by the principal, ensuring consistent and hands-on learning throughout the academic year. You Can Also Check: Delhi AQI | Weather in Delhi | Bank Holidays in Delhi | Public Holidays in Delhi All school principals and heads across Delhi are required to attend a mandatory orientation programme until July 24, organised by state council of educational research and training. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Online MBA that fits your ambition JAIN Online Learn More Undo Each school will also appoint a NEEEV school program coordinator responsible for monitoring implementation through a soon-to-be-launched online portal. In addition, schools must establish a school innovation council, chaired by the principal, to oversee entrepreneurship activities and evaluate student projects. To enrich student engagement, Delhi govt is introducing two flagship components under NEEEV: NEEEV Dialogue, a biannual speaker series that brings together entrepreneurs, university incubators, and industry experts to inspire and mentor students; and Startup Stormers, a competitive platform for students from Class IX onwards, where selected teams with innovative ideas may receive financial support to transform their prototypes into viable startups. In 2019–20, Aam Aadmi Party govt introduced the entrepreneurship curriculum to cultivate entrepreneurial thinking among students. A key feature of this programme was Business Blasters, a practical initiative that offered seed funding to students, enabling them to turn their ideas into real-world business ventures.

One Big Beautiful Bill: A bold reset or another layer of complexity?
One Big Beautiful Bill: A bold reset or another layer of complexity?

Time of India

timean hour ago

  • Time of India

One Big Beautiful Bill: A bold reset or another layer of complexity?

New student loan rules and funding changes begin under Trump's OBBB. (AI Image) The US Department of Education has announced the immediate implementation of higher education provisions within the One Big Beautiful Bill Act (OBBB). The move follows the signing of the legislation into law by President Trump, delivering wide-ranging changes aimed at federal student aid programs and student loan repayment systems. On July 18, 2025, the Department released a Dear Colleague Letter (DCL) to provide initial guidance to higher education institutions and Federal Student Aid (FSA) partners. The DCL outlines near-term regulatory changes and marks the first phase of the OBBB implementation process. Major changes to student loan repayment The OBBB introduces major updates to income-based repayment (IBR) plans, offering a more streamlined approach for borrowers. The reforms target simplification of loan repayment systems, including new repayment options for parent borrowers and revised loan limits for part-time students. The bill addresses regulations from the previous administration, including those related to borrower defence to repayment and closed school discharge policies. These changes affect how borrowers can seek relief from student loan obligations in cases of institutional misconduct or closure. Pell Grant funding and vocational training expansion One of the core provisions of the OBBB is the allocation of funds to cover a $10.5 billion shortfall in the Pell Grant programme. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Top 3 Casino Games in Sheffield Lounge 777 Play Game Undo This funding aims to stabilise the program, ensuring continued support for low-income students. Additionally, the bill establishes a new Workforce Pell Grant programme, intended to expand access to short-term, career-focused training. These programmes are designed to prepare students for high-demand job sectors and are expected to launch next year as part of a phased implementation. Eliminating aid to underperforming institutions The OBBB includes new accountability measures for higher education institutions. Under the new law, colleges that offer programmes leaving students worse off financially than before enrolment will lose access to federal student loan funding. This provision is intended to ensure that only institutions providing clear economic value to students will remain eligible for federal aid. The Department of Education has stated that additional guidance and regulatory updates will be issued as these measures are developed further. Next steps in implementation While several provisions take immediate effect, others—including the full rollout of the new Repayment Assistance Plan and the Workforce Pell Grant programme—will become effective in the following year. The Department of Education has indicated that further updates will be provided in future guidance documents and through formal regulatory processes. Acting Under Secretary James Bergeron described the announcement as the first step in advancing the President's vision for postsecondary education and workforce development. The Department will continue working with stakeholders as the broader implementation of the OBBB unfolds over the coming years. TOI Education is on WhatsApp now. Follow us here . Ready to navigate global policies? Secure your overseas future. Get expert guidance now!

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store