‘maharashtra To be Trillion-dollar economy by 2025’

MUMBAI: With a staggering 30% of all Foreign Direct Investments (FDI) coming to India received by Maharashtra, the state aims to become the first trillion-dollar economy by 2025, Governor C. V. Rao said in his Republic Day speech here on Saturday. The Governor unfurled the tricolour and took salute at a parade at the Shivaji Park. In his address, Rao said the state has secured $13.5 billion in FDI this year and the government is further committed to improving the Ease of Doing Business here. On the occasion of the 70th Republic Day, Rao paid tributes to the Architect of Indian Constitution B.R. Ambedkar and said that the work of construction a grand memorial in his name in Mumbai is in progress, besides a memorial of Chhatrapati Shivaji Maharaj in the Arabian Sea off Mumbai. He said the government was committed to doubling farm incomes by 2022 and around 4.10 million farmers benefited under the Chhatrapati Shivaji Maharaj Shetkari Sanman Yojana (CSMSSY). The state has implemented the MAHAVEDH scheme to provide weather-related information to farmers in real-time and launched ‘Maha Agritech’ to resolve agrarian issues using satellites and drones. Rao highlighted other achievements of the state, including its lead position in implementing ‘Pradhan Mantri Crop Insurance Scheme’, Restructured Weather Based Fruit Crop Insurance Scheme in which 5.2 million and 100,000 farmers, respectively, have received compensation worth Rs 3,265 crore.

Under the state’s Jalyukta Shivar Yojana, over 15,000 villages have become water-neutral or not dependent on the monsoon, with more than half a million works creating storage capacity of 24.36 lakh TCMS completed.