M'rashtra targets Rs.10 lakh-cr infra spend

Maharashtra has attained an unassailable lead in infra spend among all states in the country in 2017 and has now aimed to bring investments to the tune of Rs.10 lakh-crore to the State, Prime Minister said, shortly after inaugurating the Magnetic Maharashtra Convergence Summit 2018 at BKC Complex in Mumbai. He further added that this will include a Rs.60,000 crore investment in an Integrated Industrial area, a $7-billion direct investment to finance the Mumbai-Nagpur Maharashtra Samruddhi Corridor, and a Hyperloop transportation system connecting Pune and Mumbai. The Delhi Mumbai Industrial Corridor Project (DMIC) is seen as one of the unique infrastructure projects globally, while Maharashtra Samruddhi corridor project has the ability to hugely develop the rural agriculture hinterland and provide 30-lakh employment opportunities. The state has signed a framework agreement with Virgin Hyperloop One. Though the system is still at an experimental state but it hopes to connect central Pune with Mumbai in a short span of 15 minutes and will make India a global leader in such systems. Studies have found that the route can generate $55 billion in socio-economic benefits, besides greatly reducing accidents and carbon emissions, he claimed.