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CM Shinde directs MITRA to focus on taking Maharashtra towards $1 trillion economy

by Blitz India Media
August 12, 2024
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NEW DELHI: Chief Minister Eknath Shinde directed the Maharashtra Institution for Transformation (MITRA) on August 12 to work on taking the state towards making it a $1 trillion economy.

“MITRA should support the environment, green energy manufacturing, education, agriculture, health and infrastructure and follow the state government in pursuing the goal of Maharashtra becoming a $1 trillion economy,” Shinde said while chairing the board meeting of MITRA, which is a think tank established by the state government on the line of NITI Aayog.

During the meeting, the Chief Minister also launched the Institutional Capacity Building Project ($ 188 million programme with the help of the World Bank) to promote Maharashtra district-level development and also the Maharashtra Resilient Development Program to control the flood situation in the Krishna Bhima basin, especially in Kolhapur and Sangli districts ($400 million aid from World Bank).

“Maharashtra is the first state in India to become an economy of $500 billion. The Institutional Capacity Building Project was launched to promote district-level development recommended by the Maharashtra Economic Development Advisory Council (headed by Tata Sons Chairman N Chandrasekhar). With this, the districts will be made the focus of development and income growth. The state government will get funds worth Rs 1,562 crore from the World Bank for this project,” said the Chief Minister, who was accompanied by Deputy Chief Minister Devendra Fadnavis.

MITRA CEO Praveen Pardeshi said that the Maharashtra Resilient Development Program will be implemented with the help of the World Bank to control the flood situation in the Krishna Bhima basin, especially in Kolhapur and Sangli districts. This project is worth Rs 3200 crore, out of which financial assistance of Rs 2240 crore will be available from the World Bank.

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