Maharashtra loses Rs 1.8 lakh crore worth of projects in past three months
The fourth significant project worth a combined total of almost Rs 1.8 lakh crore to moved to another state in the last three months is the Tata-Airbus C-295 cargo aircraft project, which would be built in Vadodara, Gujarat.
Despite Maharashtra being a contender, the fourth significant project worth a combined total of almost Rs 1.8 lakh crore to moved to another state in the last three months is the Tata-Airbus C-295 cargo aircraft project, which would be built in Vadodara, Gujarat.
Both Union Minister Nitin Gadkari and Industries Minister Uday Samant expressed optimism about moving the Rs 22,000 crore Tata-Airbus C-295 cargo aircraft production facility to Mihan in Nagpur. Approximately 6,000 direct and indirect jobs in the state were projected to be generated by the project.
Gujarat’s Dholera won a Vedanta-Foxconn project for Rs. 1.54 lakh crore in September. However, even the location of the company’s semiconductor fab unit in Maharashtra’s Talegaon industrial area had been decided. According to projections, the project and several minor, dependent sectors would have produced close to one lakh jobs.
Maharashtra was one of the top candidates for the proposal to build a bulk drug park, which was expected to cost over Rs 3,000 crore. Indirectly and directly, the project has the potential to generate almost 50,000 employment. Maharashtra has set aside 5,000 acres of land for the project and was pushing for it to be built in the coastal Raigad district’s Roha and Murud tehsils.
On September 1, however, the Center gave its in-principle permission to the requests made by Himachal Pradesh, Gujarat, and Andhra Pradesh to promote bulk medication parks as a means of assisting the pharmaceutical industry.
Additionally, the Union cabinet approved applications from Tamil Nadu, Uttar Pradesh, Madhya Pradesh, and Himachal Pradesh while rejecting Maharashtra’s request to build a Rs 424 crore medical devices park in Aurangabad’s Auric city.
The project was given special incentives when it was approved by the former Maha Vikas Aghadi (MVA) administration in October 2020. At the time, the government predicted that moving the project to Maharashtra would result in the creation of more than 3,000 direct and indirect jobs.