Maharashtra cabinet panel nod for Rs 40,000 crore projects

The state’s cabinet sub-committee on industries cleared projects worth Rs 40,000 crore.

The projects, which are to be based in Pune, Chhatrapati Sambhajinagar, Nandurbar, Ahmednagar, Raigad and Navi Mumbai, are expected to generate 1.2 lakh jobs, the claimed.
They include a Rs 12,482-crore project for electronic vehicles and battery production and swapping station Infrastructure. This is the country’s first such project and has been given the status of mega-project.

The Rs 12,482 crore project for electronic vehicles and battery production, among those okayed by the cabinet sub-committee on Wednesday, will be implemented by Gogora India Pvt Ltd, which will be setting up 12,000 battery swapping stations inMaharashtra.

The cabinet panel also gave mega-project status to the India Gems and Jewellery Park to be set up by the Gems and Jewellery Art Promotion Council in Navi Mumbais Mahape area. It is expected to be spread over 21 acres and have 1,354 units. The government expects the project to generate investments worth Rs 20,000 crore.

Besides, the cabinet cleared a Rs 2,700 crore project by Performance Chemiserv in Raigad district and a Rs 2,033 crore Smartchem technology project in the same district. Also, a Rs 500 crore General Polyfilms project in Nandurbar and a Rs 544 crore project by Wipro Pari Robotics in Satara. A Rs 110 crore project by Ganraj Ispat in Ahmednagar also got a nod.