The Maharashtra state budget for fiscal year 2025-26 is being presented by the state Deputy CM and Finance Minister Ajit Pawar in Maharashtra State Assembly in Mumbai.
Jobs In Maharashtra
During the speech, the FM Pawar said that his government intends to create 50 lakh jobs for citizens of Maharashtra through a Rs 40 lakh crore investment over the next 5 years.
Pawar added that Maharashtra's new Industrial Policy 2025 will soon be announced.
Special polices will also be announced in space, defence, electronics, MSME and circular economy.
Pawar also spoke about the introduction of new labour laws in the richest state.
In the speech, the FM said that he intends to build new business corridors in the Mumbai Metropolitan Region, or MMR, and make it a Growth Hub.
Mumbai-Bengaluru Corridor
Highlighting CM Fadnavis's trip to the World Economic Forum (WEF) in Davos, Pawar said, MoUs signed with 63 companies at Davos Economic Summit, investment of a whopping Rs 15.72 lakh crores and estimated creation of 16 lakh jobs."
The finance minister also updated the house on the status of the Bengaluru-Mumbai Industrial Corridor.
He said that land acquisition for the Bengaluru-Mumbai Industrial Corridor is underway and this project will help set up industries in drought-prone areas of the state.
