One of the major announcements in the budget was the proposal for Mumbai’s third airport near Vadhvan Port, which is expected to be operational by 2030. The domestic operations at the Navi Mumbai International Airport will begin next month, with 85 per cent of the work already completed and successful trial runs conducted. The government is also planning to develop 1,500 km of new roads and upgrade 7,000 km of existing roads to cemented roads. Shirdi Airport, a key hub for pilgrims, will soon have a night landing facility to improve accessibility. Mumbai’s economy is projected to grow from $140 billion to $300 billion, and the Mumbai Metropolitan Region is being developed as a major growth hub, with a vision of reaching a $1.5 trillion economy by 2047. Another significant initiative introduced in the budget is the launch of Maharashtra’s Technical Textile Mission. The mission aims to enhance the production of textiles that cater to diverse industries, including automotive, healthcare, and defense, positioning Maharashtra as a leader in advanced textile manufacturing. The Maharashtra government is also working to streamline industrial licensing through the introduction of the ‘Maitri’ portal. This digital platform aims to simplify granting industrial licenses, ensuring a more transparent and efficient approach to industrial growth. (ICE NEW DELHI)

Fonte notizia: The Business Standard