Four new substations to boost city’s energy capacity
Mumbai Despite the Covid-induced stress, Maharashtra is gearing up to become an attractive destination for industries, with the budget announcing schemes to lure investors.
As the close to hour-long power blackout in Mumbai last month exposed the condition of clogged power transmission systems, the budget has made an allocation to boost this infrastructure.
“Despite the economic slowdown, a total of 98 investment agreements were signed by the industries department with eminent industries under Magnetic Maharashtra 2.0. Out of this, an investment of ₹1.89 lakh crore is expected in the state. It is estimated that 3.30 lakh new employment opportunities will be generated,” said deputy chief minister and finance minister Ajit Pawar in his budget speech.
