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Hans India
30-05-2025
- Business
- Hans India
Maharashtra attracts 40 per cent of country's total investment in 2024-25
Maharashtra, under the Mahayuti government, has consolidated its position as India's investment magnet by attracting foreign investment worth Rs 1,64,875 crore in 2024-25, which accounts for 40 per cent of the total investment received by the country this year. According to the state government, Maharashtra continues to be the most favoured investment destination due to a business-friendly environment, dedicated sectoral facilities and availability of the highest employable workforce (70 per cent). Chief Minister Devendra Fadnavis said, "I am extremely delighted to share that the figures for the last quarter (January to March 2025) of the financial year 2024-25 have now been released, and for the entire year, Maharashtra has attracted foreign investment worth Rs 1,64,875 crore. This accounts for 40 per cent of the total investment received by the country this year. The total investment in the country this year amounts to Rs 4,21,929 crore." "Compared to last year, Maharashtra has seen a 32 per cent increase in investment this year. In this final quarter, Maharashtra attracted Rs 25,441 crore in foreign investment. This year has set a record for Maharashtra, surpassing the past 10 years. We had already broken this record in the first nine months. I wholeheartedly congratulate the people of Maharashtra," CM Fadnavis said. Retaining the number one slot has come as a shot in the arm for the Maharashtra government as it has an ambitious target of becoming a $1 trillion economy by 2030 and $5 trillion by 2047. The state economy has already crossed the $500 billion mark. The Industry Department sources said Maharashtra has formulated industry and sector-specific policies and consistently updates its incentives and offerings to align with the evolving global economic dynamics and business scenarios. "Maharashtra continues to lead the way as a top investment destination in India. The Retail Trade Policy 2016, Maharashtra Electronics Policy 2016, Aerospace and Defence Policy 2018, and Industrial Policy 2019 are under the government's active consideration for review to keep pace with the changing investment scenario. In addition, the government proposes to come up with the Circular Economy Policy, MSME Policy, and Leather and Footwear Policy. The state has crossed $500 billion in GDP, surpassing the GDP of several countries like Singapore and Austria, as well as Indian states like Tamil Nadu and Karnataka," the sources added. Further, the government has enacted 'The Maharashtra Industry, Trade and Investment Facilitation Act' on July 3, 2023, to create a strong, healthy and effective ecosystem for industrial development and further boost the investments in the state. The Maharashtra Industry, Trade and Investment Facilitation (MATRI) cell aims to serve as the first point of reference for potential investors coming to the state. Deputy Chief Minister and Finance Minister Ajit Pawar asserted that the record-breaking investment is not merely a matter of rising financial numbers, but proof of the global trust in Maharashtra. "Now, as investment has increased, employment opportunities will also grow, new industries will be established, while further opening up new opportunities," he said.
Express Tribune
14-05-2025
- Health
- Express Tribune
Government begins review of governance roadmap
The Khyber-Pakhtunkhwa government has initiated a series of meetings to review its "Governance Roadmap." As part of this initiative, two separate meetings were held concerning the health and industry departments, chaired by Chief Secretary Shahab Ali Shah. The meeting focused on the strategy prepared for the Health Department, which aims to strengthen basic healthcare services, modernize secondary hospitals, and enhance the capacity of the workforce to provide better emergency and specialized treatment facilities to the public. The meeting also reviewed goals related to further strengthening the health sector through digitization and policy reforms. The roadmap for the Industry Department was also reviewed, with objectives including the digitization of industrial zones, removal of obstacles to the establishment of industrial estates, facilitation of ease in doing business, promotion of small industries to boost economic activity, and enhancing the capacity of the Technical Education and Vocational Training Authority (TEVTA) to create more employment opportunities for youth. Addressing the meeting, Chief Secretary urged the concerned departments to ensure effective monitoring to complete the progress outlined in the roadmap and action plan within the given timeframe. He instructed that field and operational staff should also be informed about these goals to achieve effective outcomes through their active participation. Secretaries and senior officials from both departments attended the meeting, and the upcoming provincial budget and departmental targets for the next fiscal year were also reviewed.
India Gazette
09-05-2025
- Politics
- India Gazette
Punjab Cabinet takes key decisions amid Indo-Pak tensions
Chandigarh (Punjab) [India], May 9 (ANI): Amid rising tensions between India and Pakistan, Punjab Chief Minister Bhagwant Mann convened a high-level cabinet meeting on Friday, which resulted in 15 key decisions on security, agriculture, and industrial development. The most significant decision was activating the anti-drone system across the state. Ministers and MLAs will be stationed in the border areas to maintain security and peace. The government has urged the citizens to remain calm and assured that the administration is fully prepared and with them. In addition, it has been decided that the unused lands of the Housing Department will be handed over to the Industry Department to be used for industrial purposes. The cabinet also approved the launch of the 'Rangla Punjab Fund', encouraging public contributions. The government has assured that funds will be used transparently, and tax exemptions will be provided by the Centre. On the agriculture front, the government has decided to procure maize at Minimum Support Price (MSP). Discussions are underway with agencies and ethanol producers for procurement. Farmers sowing maize instead of paddy will receive compensation at the rate of Rs 17,000 per acre. To combat illegal mining, the state will adopt the mining system of IIT Ropar. Additionally, the Land Pooling Scheme will be implemented in various cities, enabling landowners to access residential and commercial plots. The cabinet further proposed to benefit about 2,500 employees appointed before 2014 under the Old Pension Scheme (OPS). The 'Farishta Scheme' has also been introduced, under which accident victims, terror victims, and war victims will receive free treatment in government hospitals. The state also decided to install signal jammers in 13 state jails to halt illegal activities going on inside the prisons. Chief Minister Bhagwant Mann said that these decisions aim to advance Punjab on the path of security and agricultural and industrial development. (ANI)
