Dighi Industrial Smart City to shoot Maharashtra towards $1 trillion economy

  • Industry News
  • Aug 31,24
Located 55 km east of Dighi port, the proposed city will span 6,056 acres and involve an investment of Rs 54.69 billion.
Dighi Industrial Smart City to shoot Maharashtra towards $1 trillion economy

Maharashtra’s infrastructure development plan has received a significant boost following the Union Cabinet’s approval for the Dighi Port Industrial Area in Raigad district to be developed as an industrial smart city.  

Located 55 km east of Dighi port, the proposed city will span 6,056 acres and involve an investment of Rs 54.69 billion. The project is expected to attract investments worth Rs 38,000 crore and create approximately 1,09,185 jobs.  

A senior official from the industry department stated, "The inclusion of the Dighi Port Industrial Area as a smart city aligns with Prime Minister Narendra Modi’s upcoming Rs 760 billion Vadhavan port project in Palghar district. Both developments are anticipated to spur growth across various sectors, contributing significantly to Maharashtra's goal of achieving a $1 trillion economy."  The Dighi Industrial Smart City will focus on key sectors such as engineering, pharmaceuticals, chemicals, textiles, and food and beverages.

The project aims to enhance port-led industrialisation, leveraging the upcoming Dighi port to facilitate growth.  The development is also expected to ease congestion in the Mumbai Metropolitan Area, offering connectivity to both Mumbai and Pune. Additionally, the project will promote eco and heritage tourism in the region.  

The smart city will be well-connected via major routes, including the NH753F Mangaon-Pune, NH66 Mumbai-Goa national highways, and State Highway 97. Railway connectivity will link the area to Kolad, Indapur, and Mangaon, with further access to Mumbai Airport, Pune Airport, and the upcoming Navi Mumbai International Airport.  Moreover, a Multi-Modal Logistic Park is planned for Dighi, focusing on optimising freight and passenger movement, which is expected to reduce logistic costs from the current 14-16% to about 9%.

(ET)

Related Stories

Automation & Robotics
Turning the tide on emissions: Engineering sustainable materials with simulation

Turning the tide on emissions: Engineering sustainable materials with simulation

Turning the tide on emissions must begin with the materials that we choose. Simulation and materials intelligence allow engineers to ensure sustainability early in the product lifecycle. This approa..

Read more
Policy Regulation
The importance of project management to the Indian economy

The importance of project management to the Indian economy

Projects create assets, which are then used to produce goods and services, which then generate wealth. Time delays in projects not only lead to cost escalations, but also to delayed outputs, says R ..

Read more
Policy Regulation
US tariffs on China boost India’s manufacturing prospects: V Anantha Nageswaran

US tariffs on China boost India’s manufacturing prospects: V Anantha Nageswaran

On India’s broader economic outlook, Nageswaran estimated a growth rate of 6.5% for FY2024-25, supported by improving exports and strong momentum into the first quarter of FY2025-26.

Read more

Related Products

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016