Monday, December 4, 2023

Maharashtra will become the fastest-growing state in the country: Piyush Goyal

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Piyush Goyal, the minister of commerce, predicted that Maharashtra would see the nation’s fastest growth rate and that the state and the federal government were collaborating to transform it.

The minister said the federal government and the state government were working to keep business expenses low so that investors could afford to invest. She was speaking at the Fourth NICDC Investors’ Roundtable Conference in Mumbai.

Using these types of industrial zones, he claimed, the government was attempting to keep the cost of logistics low, create a single-window for conducting business, and expedite the approval process for these companies. By making these kinds of efforts, he continued, India hopes to have a $30 trillion GDP by the year 2047.

Devendra Fadnavis, the deputy chief minister of Maharashtra, stated that the state is the manufacturing and technological capital of India. “For investors, there is no better place to go.

For certain industries, we have incentives and packages. The Auric Industrial Area in Aurangabad has developed a fantastic ecology. Both rail and road transportation provide good access to it. Maharashtra is regarded as a startup hub. 25 of the unicorns—out of the 100—come from Maharashtra.”

State Industry Minister Uday Samant stated during the conference that the Maharashtra Industries Ministry was focusing on three agendas: policymaking, infrastructure development, and ease of doing business. He added that Maharashtra would offer the industrialists complete support.

Maharashtra Industrial Township hosted the investors’ roundtable conference, which was attended by notable investors, consul generals from other nations, and key state authorities.

The National Industrial Corridor Development Corporation’s planned development of forthcoming greenfield industrial cities around India is highlighted. According to the official announcement, in the districts of Aurangabad, Raigad, Satara, and Nagpur, four greenfield smart industrial cities are now being created in Maharashtra. According to the statement, the purpose of the conference is to encourage fruitful dialogue between interested parties and aid in locating different chances for investor engagement.

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