Vision for Maharashtra 2047: State Govt Forms Committee to Propel Progress
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Synopsis
The Maharashtra government has formed a 31-member Advisory Committee to pursue the ambitious goals of Viksit Maharashtra 2047, aiming for substantial economic growth and development across various sectors.
Key Takeaways
- Maharashtra aims for a $3.5 trillion economy by 2047.
- New committees established for key sectors including agriculture and infrastructure.
- Focus on inclusive policies for farmers, women, and youth.
- Plans to develop Mumbai into a global Fintech hub.
- Investment targets of $125-135 billion in MMR.
Mumbai, April 17 (NationPress) The Maharashtra government has taken a significant step towards realizing the ambitious vision of Viksit Maharashtra 2047 by establishing a 31-member Advisory Committee, which is led by the chief minister and a 17-member committee overseen by the chief secretary.
The state's objective is to transform Maharashtra into a $1 trillion economy by 2027 and a $3.5 trillion economy by 2047, in alignment with the Viksit Bharat 2047 initiative.
Additionally, the government has formed six specialized committees targeting agriculture and allied sectors, industry and services, infrastructure, social services, administration, and environment. These areas are crucial for the success of the Viksit Bharat 2047 mission.
On Thursday, two official notifications were issued regarding these new committees.
The state government has already presented a comprehensive strategy to the NITI Aayog aimed at achieving the Viksit Bharat 2047 objectives. The proposal includes transforming Maharashtra into a global economic powerhouse and establishing Mumbai as the global Fintech capital.
Sources from the state government indicated that all policies and initiatives have been designed with a focus on supporting the poor, women, youth, and farmers, aligning with the central government’s initiatives. Maharashtra stands as a key contributor to the national economy due to its robust industrial and service sectors and leads in attracting foreign direct investment.
The government is concentrating on district-level strategies to foster an equitable and inclusive economic development model.
Inspired by the Prime Minister Kisan Samman Nidhi Yojana, the state government has launched the Namo Shetkari Maha Samman Nidhi Yojana. The goal is to double farmers' incomes, supported by the Agriculture Food Export Policy. Plans are underway to create onion banks capable of storing 10 lakh tonnes of onions using nuclear energy.
Additionally, the state government aims to develop the Mumbai Metropolitan Region (MMR) into a $300 billion economy by 2030, up from its current $140 billion.
This will be achieved through initiatives promoting MMR as a global services hub, affordable housing, slum rehabilitation, tourism, and logistics, alongside sustainable urban planning and world-class infrastructure.
The government anticipates attracting private investments of $125-135 billion, with an incremental GDP growth of $130-150 billion and additional funding of ₹50,000 crore over the next 5-6 years to reach the target of a $300 billion economy in MMR.
A series of policies will be implemented for services, tourism, affordable housing, and transport-oriented development. This will include crafting an investment promotion strategy, a land allocation policy, streamlined urban planning regulations, a women's inclusivity framework, and a Green MMR policy.
The development of the Konkan Coastal Road and the Konkan Green Field Expressway is expected to be transformative for the region, with plans to construct a 5,000 km access-controlled grid for enhanced connectivity.
According to sources, the ₹76,000 crore Vadhvan greenfield port project in Palghar is set to significantly boost the state's economic growth.
(Sanjay Jog can be reached at sanjay.j@ians.in)
