State Government is developing Nagpur-Mumbai Super Expressway which may be a game changer. It would link other regions, Marathwada and Vidarbha in the State. It will be a game changer and take Maharashtra 20 years forward, Fadnavis asserted, speaking at The Vidarbha Investment Summit and Exposition 2016. The expressway is expected to decrease the travel time between Nagpur to under ten hours to Mumbai for passenger travel and for cargo transportation, it would be less than 14 hours. “The job is also expected to provide a boost to the economic growth in the 10 passing districts and 14 adjoining districts,” he said.
In the inaugural session, Chief Minister Devendra Fadnavis said, Maharashtra Government was closely working with Confederation of Indian Industry (CII) for industrial development of Vidarbha. Congratulating CII on creating a stage to bring investors together and showcase the investment potential of the Vidarbha area.
Sudhir Mehta, Chairman CII Western Region and Chairman and Managing Director, Pinnacle Industries said that CII has set up the Make in Maharashtra Task Force to boost ‘Brand Maharashtra’ and it’s from this that the idea of organising a program to ease investments into the state germinated.
Of the total FDI inflows into the nation, Maharashtra received more than 50 per cent FDI which was considerably higher as compared to other states, Fadnavis said. Shedding light on the State’s Government policy on power tariff, Fadnavis said that his Government was giving larger bonuses on power tariff for industries in Vidarbha region to encourage businesses to look at this area as a preferred investment destination.