"Our economy poised for continued growth": Maharashtra CM Fadnavis
Mumbai, June 6
Maharashtra Chief Minister Devendra Fadnavis on Saturday expressed high confidence in the nation's and state's economic trajectory.
"Everyone must have observed that our economy performed remarkably well during the final quarter of the last fiscal year. In fact, we witnessed a growth rate that exceeded our initial expectations," Fadnavis said.
Addressing potential challenges, including the impact of the monsoon, Fadnavis maintained a positive stance. "While the monsoon will have some impact this year as well, I am confident that all three of our sectors will grow effectively," he added.
Fadnavis, who has been aggressively pushing for infrastructure-led development and long-term industrial policies, highlighted that the state's focus remains on sustaining this momentum to cement its position as a primary engine of India's economic expansion.
Earlier, two Memorandums of Understanding (MoUs) were signed at the Chief Minister's official residence, 'Varsha', in the presence of Maharashtra Chief Minister Fadnavis -- one between the Government of Maharashtra and Jabil (electronics manufacturing company), and another between the Government of Maharashtra and Dubai-based RSA Global, an official statement said.
These agreements will bring an investment of Rs 4,080 crore to Maharashtra and generate approximately 4,750 direct and indirect employment opportunities, it added.
Chief Minister Devendra Fadnavis assured entrepreneurs that the State Government would extend all possible cooperation for industrial expansion.
— ANI
Reader Comments
Good to hear positive economic news but I'm a bit skeptical about the monsoon impact being brushed aside. Farmers in rural Maharashtra are already struggling. Hope the state government has a robust plan for agriculture too, not just urban industries. 🙏
Impressive numbers. India's growth engine is definitely roaring, and Maharashtra leading the charge is no surprise. The MoUs with big names like Jabil show global trust in our state. Thumbs up from an outsider perspective! 👍
Infrastructure push is the need of the hour but I wonder if these new investments will actually create quality jobs for local youth. We need to ensure skill development keeps pace. Still, better to see optimism than gloom! 💪
Encouraging to see a government acknowledging economic growth. The focus on all three sectors is key for balanced development. Hopefully, this momentum leads to tangible improvements in people's lives soon. 🚀
Nice to see positive news for a change! But I wish the CM had also addressed inflation and rising costs. What good is growth if common people can't afford basic things? Let's hope these investments benefit everyone, not just big corporates. 🧐
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