Maharashtra's Boost from Union Budget: Infrastructure & Investment

Union Minister Piyush Goyal stated on Saturday that Maharashtra stands to gain significantly from the Union Budget 2026-27, particularly through allocations for infrastructure, railways, and industry. These measures are expected to directly influence the state's economic growth.

Speaking with reporters, Goyal highlighted that Mumbai and Navi Mumbai are poised to become major data center hubs due to the landing of subsea cables, which will likely spur foreign direct investment and job creation. The budget dedicates Rs 12.21 lakh crore to infrastructure development, with projects like Vadhawan Port, the ongoing airport construction, and the Delhi-Mumbai Expressway marked for significant contributions to Maharashtra's economy.

Additional budget features include increased railway funding, a focus on MSMEs, renewable energy, and the IT sector. With initiatives like three new chemical parks and textile parks, and the establishment of safe harbor rules, Maharashtra is set to attract further foreign investment. The budget also delineates Rs 1 lakh crore as the state component for Maharashtra, with strategies to enhance connectivity through high-speed rail corridors.