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Maharashtra rakes in investment proposals worth Rs 88,500 cr at Davos

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Conducting brisk business at the World Economic Forum (WEF) in Davos, Switzerland, Maharashtra Chief Minister Eknath Shinde and his team inked MoUs worth around Rs 88,500 crore for various projects with a potential to create over 56,000 jobs, officials said on Tuesday.

Industry Minister Uday Samant, who is part of the CM’s entourage, said that in the first two days, the state government has signed agreements with several major global conglomerates and investors.

Present at the ceremonies were top officials like Harshdeep Kamble, Vipin Sharma, T. Krishna, Shreya Eren, Ashish Nawade and others.

The prospective investors include USA’s New Era Cleantech Solution’s Rs 20,000 crore coal gasification project (15,000 jobs) and Israel’s Rajuri Steels and Alloys subsidiary’s Rs 600 crore steel plant (1,000 jobs), both in Chandrapur.

MoUs were also signed with two UK companies — Varad Ferro Alloys will set up a Rs 1,520 crore steel project in Gadchiroli (2,000 jobs) and Rcube/Ark Data’s investment for a Rs 12,000 crore plant in Pune (1,200 jobs) — besides Portugal’s Elite Plast AutoSystems proposing to start a Rs 400 crore plastic automotive project in Pune (2,000 jobs).

Another big one will be GoGoRo Engineering and Badway Engineering’s Rs 20,000 crore investment projects with employment potential of 30,000 across the state.

Others include Mahindra Electric Vehicle Automobile Ltd’s investment of Rs 10,000 crore in Pune (3,000 jobs), Japan’s Nippon Telegraph & Telephones’s Rs 20,414 crore across the state (1,525 jobs).

These were preceded by proposals from Berkshire Hathaway HomeServices Orenda India (Rs 16,000 crore), ICP Investments/Indus Capitals (Rs 16,000 crore), Greenko Energy Projects Pvt Ltd of Telangana (Rs 12,000 crore), Nipro Pharma Packaging India Pvt Ltd of Pune (Rs 1,650 crore) and Rukhi Agro Foods of Thane (Rs 250 crore).

Shiv Sena (UBT) chief spokesperson and MP Sanjay Raut said that if all these investments are indeed coming, it will be good for the state.

“However, let’s wait till the investments actually come and jobs are really created before we comment,” said a skeptical Raut, who had on Monday urged Shinde to visit Gujarat and get back projects of Maharashtra which had shifted there in 2022.

The MoUs pertain to greenfield projects like data centres, pharmaceuticals, logistics, chemicals, automobiles, electric vehicles, renewable energy and ESDM.

Among the most industrialised states in India, Maharashtra contributes 15 per cent to the national GDP and 16 per cent of the country’s industrial output.

The services sector accounts for much of the state’s economy, up to 62 per cent of the state GDP, followed by the manufacturing sector which contributes 20 per cent through major industries including automobiles, engineering, textiles, pharmaceuticals, chemicals, petrochemicals, food processing and IT/ITeS.

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Union Cabinet approves Pune Metro Rail Project Phase 2 with Rs 9,857 crore outlay

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New Delhi, Nov 26: In a major boost for the public transport network in Pune, the Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved Line 4 (Kharadi–Hadapsar–Swargate–Khadakwasla) and Line 4A (Nal Stop–Warje–Manik Baug) with Rs 9,857.85 crore outlay under Phase 2 of the Pune Metro Rail Project.

According to the Cabinet, this is the second major project approved under Phase-2, following the sanction of Line 2A (Vanaz–Chandani Chowk) and Line 2B (Ramwadi–Wagholi/Vitthalwadi). With this latest approval, Pune Metro’s network will expand beyond the 100-km milestone, a significant step in the city’s journey towards a modern, integrated, and sustainable urban transit system.

Spanning 31.636 km with 28 elevated stations, Line 4 and 4A will connect IT hubs, commercial zones, educational institutions, and residential clusters across East, South, and West Pune.

The project will be completed within five years at an estimated cost of Rs 9,857.85 crore, to be jointly funded by the Centre, the Maharashtra government, and external bilateral/multilateral funding agencies.

These lines are a vital part of Pune’s Comprehensive Mobility Plan (CMP) and will seamlessly integrate with operational and sanctioned corridors at Kharadi Bypass and Nal Stop (Line 2), and Swargate (Line 1).

“They will also provide an interchange at Hadapsar Railway Station and connect with future corridors towards Loni Kalbhor and Saswad Road, ensuring smooth multimodal connectivity across metro, rail, and bus networks,” a Cabinet communique said.

The project will be implemented by the Maharashtra Metro Rail Corporation Limited (Maha-Metro), which will carry out all civil, electrical, mechanical, and systems works.

Pre-construction activities such as topographical surveys and detailed design consultancy are already underway, according to the Cabinet.

According to projections, the daily ridership on Line 4 and 4A combined is expected to be 4.09 lakh in 2028, rising to nearly 7 lakh in 2038, 9.63 lakh in 2048, and over 11.7 lakh in 2058.

Of this, the Kharadi–Khadakwasla corridor will account for 3.23 lakh passengers in 2028, growing to 9.33 lakh by 2058, while the Nal Stop–Warje–Manik Baug spur line will rise from 85,555 to 2.41 lakh passengers over the same period.

These projections highlight the significant growth in ridership expected on Line 4 and 4A over the coming decades.

With Line 4 and 4A, Pune will not just get more metro tracks but will also gain a faster, greener, and more connected future. These corridors are designed to give back hours of commuting time, reduce traffic chaos, and provide citizens with a safe, reliable, and affordable alternative.

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Assam saw major drop in child marriage cases under BJP govt: CM Sarma

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Guwahati, Nov 26: Assam Chief Minister Himanta Biswa Sarma on Wednesday underscored a “major turnaround” in the state’s battle against child marriage, saying a combination of stringent enforcement and systemic reforms has led to significant declines in the underage marriages and boosted legal accountability.

CM Sarma claimed that according to NFHS‑4 (2015-16) data, 31.8 per cent of women in Assam aged 20–24 were married before turning 18 – a rate that exceeded the national average.

Moreover, district-level fact sheets had recorded alarming prevalence in districts such as Dhubri, South Salmara, Barpeta and Nagaon, as high as 40–55 per cent.

However, the state now claims a decisive shift. Between 2023 and 2024 alone, more than 8,600 arrests were made in coordinated crackdowns under both the Protection of Children from Sexual Offences Act (POCSO) and the Prohibition of Child Marriage Act (PCMA).

According to the Chief Minister, in 2022 the number of cases registered stood at 224, sharply up from just 149 in 2021, indicating a steep rise in enforcement.

CM Sarma said, “Beyond arrests, Assam has formed district-level task forces, headed by superintendents of police, to track and intercept impending child marriages. Community-level workers – including ASHAs, Anganwadi staff and schoolteachers – are now required to report suspected cases in real time.”

“Several districts have also reportedly established digital databases and child-protection tracking mechanisms,” he added.

The CM claimed that these measures have borne fruit: In hotspot districts, the incidence of child marriage fell by 8–17 per cent within a year, and more than 3,000 planned child marriages were prevented in 2023–24 alone.

Notably, the Assam government’s recent actions – from sustained crackdowns to setting up institutional safeguards – reflect a far more aggressive stance on child marriage than seen in earlier years, when the practice was largely treated as a social issue rather than a crime.

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Revanth Reddy urges PM Modi to declare Bengaluru-Hyderabad as defence & aerospace corridor

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Hyderabad, Nov 26: Telangana Chief Minister A. Revanth Reddy, on Wednesday, appealed to Prime Minister Narendra Modi to declare Bengaluru-Hyderabad as a defence and aerospace corridor.

The Chief Minister said this during the inauguration of the French aerospace major Safran’s largest MRO centre for the CFM International LEAP engines in Hyderabad.

The Chief Minister stated that declaring Bengaluru-Hyderabad as a defence and aerospace corridor will contribute to Viksit Bharat.

The Safran Aircraft Engine Services India (SAESI) facility at the GMR AeroPark (SEZ) near Shamshabad will be operational in 2026.

The Chief Minister congratulated Safran for choosing Hyderabad for a big investment and thanked it for its trust and continued partnership with Telangana.

He stated that this new facility marks an important milestone for Telangana’s growth in the aerospace and defence sector.

Revanth Reddy noted that this is the first-ever Maintenance, Repair and Overhaul (MRO) centre for LEAP engines in India. Set up with an investment of ₹1,300 crore, the centre will employ over 1,000 skilled technicians and engineers, while also generating new business opportunities for local MSMEs and precision engineering firms, he said.

He said that the foundation stone was also laid today for Safran’s M88 Military Engine MRO, which will support both the Indian Air Force and the Indian Navy.

The Chief Minister emphasised that Hyderabad has emerged as a major aerospace and defence hub, home to more than 25 major global companies and over 1,500 MSMEs. He added that Telangana’s progressive industrial and MSME policies are ranked among the best in India.

He said that Hyderabad’s world-class infrastructure, aerospace parks and SEZs continue to attract mega investments from leading global companies, making the city a top choice for highly complex precision engineering projects.

He noted that Hyderabad is already a preferred destination for companies such as Safran, Boeing, Airbus, Tata, and Bharat Forge for manufacturing and R&D activities, and has become one of India’s leading MRO and aero-engine hubs.

The Chief Minister highlighted that Telangana’s aerospace and defence exports doubled last year, reaching ₹30,742 crore in just nine months, surpassing the state’s pharma exports for the first time.

He also mentioned that Telangana has consistently won the Best State Award for Aerospace from the Ministry of Civil Aviation.

He underscored that skilling is a key factor in attracting aerospace investments. Telangana has upgraded 100 Industrial Training Institutes into Advanced Technology Centres in partnership with Tata Technologies, ensuring youth are job-ready for advanced manufacturing.

He added that the Young India Skills University is offering specialised training in aircraft maintenance and invited Safran to be a lead partner in aerospace and MRO skilling initiatives.

Reaffirming Telangana’s commitment to supporting partners like Safran with world-class infrastructure, the Chief Minister spoke about the upcoming Bharat Future City, being developed across 30,000 acres as a planned, fully green, net-zero global destination – India’s answer to New York, Tokyo, Dubai and Singapore.

He extended an invitation to the Prime Minister to attend the ‘Telangana Rising 2047 – Global Summit’ at Bharat Future City on December 8 and 9, where the state’s long-term vision will be unveiled. Telangana aims to become a $1 trillion economy by 2035 and a $3 trillion economy by 2047.

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