Even as Make In India week has claimed to have attracted proposed investment worth more than Rs 7 lakh crore, it has emerged that the state government approved Rs 18,759 crore during its first year in
Even as Make In India week has claimed to have attracted proposed investment worth more than Rs 7 lakh crore, it has emerged that the state government approved Rs 18,759 crore during its first year in power, whereas the Prithviraj Chavan-led Congress-NCP government had approved investment proposals worth more than Rs 45,000 crore in its last year of power (2014-15).
This means the commissioned projects during the last year of the Congress regime was more than Devendra Fadnavis’ first year in power.
During 1991 to October 2015, projects worth Rs 2 lakh crore were commissioned in the state. Of these 25 years, the Congress-NCP was in power for more than 19 years in the state.
During the Make in India event, 2,594 Memorandums of Understanding (MoU) with proposed investment of Rs 7,94,057 crore and expected employment of 30.9 lakh were signed by the state. The energy sector has attracted proposals with the highest investment of Rs 2,30,627 crore (29 per cent), followed by manufacturing sector Rs 1,65,909 crore (20.9 per cent).
According to the Economic Survey for 2015-16, tabled in both the Houses of state legislature last week, the state has attracted highest number of industrial proposals having maximum employment potential.
Since August 1991 to October 2015, in all 19,053 industrial proposals with an investment of Rs 10,97,337 crore were approved. Of these, 8,497 projects (44.6 per cent) with an investment of Rs 2,62,631 crore (23.9 per cent) with proposed employment of 11.24 lakh were commissioned and 2,108 projects with an investment of Rs 87,701 crore and proposed employment of 3.98 lakh are under execution.
Of the total proposals received in the country, the state’s share in number of proposals and investment is about 18 per cent and 10 per cent respectively. During 2014-15, in all 279 projects with an investment of Rs 45,010 crore with proposed employment of 0.7 lakh were approved.
During 2015-16, up to October, 218 projects with an investment of Rs 18,759 crore were approved. Of these, 16 projects with an investment of Rs 1,069 crore were commissioned.
Congress spokesperson Sachin Sawant said that the figure of investment in Make In India week were just proposals. It will take time to execute actual investment and the real picture would be clear after a few years. “Maharashtra has attracted maximum investment during the Congress regime and figures prove it,” he said, adding that the report has maintained that the commissioned project during the last year of Congress regime was larger than Fadnavis’ first year in power.
