Maharashtra Current Affairs

India’s first mega Coastal Economic Zone to come up at JNPT in Maharashtra

The Union Government has given go-ahead for setting up India’s first mega coastal economic zone (CEZ) at Jawaharlal Nehru Port (JNPT) in Maharashtra.

The first of its kind mega CEZ will stretch along north Konkan region spread across Mumbai, Thane, Pune, Nashik and Raigarh. About 45 companies across auto, telecom and IT sectors will soon bid for 200 hectares of land to set up manufacturing units in zone.

Coastal Economic Zone (CEZ)

CEZs are spatial economic regions comprising group of coastal districts or districts with strong linkage to ports in region to tap into synergies with planned industrial corridor projects. These zones are expected to provide business-friendly ecosystem including ease of doing business, ease of exporting and importing, swift decisions on applications for environmental clearances and speedy water and electricity connections.

Key Facts

CEZ will be developed as part of plan for developing 14 such industrial clusters to spur manufacturing and generate jobs. The plan envisages total investment of Rs 15,000 crore in first phase and creation of more than 1.5 lakh jobs.

The idea is to attract large firms interested in serving export markets as they will bring with them capital, technology, good management practices and links to world markets. This in turn will help create ecosystem around them in which productive small and medium firms will emerge and flourish.

Background

The Union Cabinet in 2016 had approved setting up of 14 mega CEZs under National Perspective Plan of Sagarmala Programme. Its aim was to promote development of industrial clusters around ports, encourage portled development, reduce logistics cost and time for movement of cargo, enhance global competitiveness of country’s manufacturing sector and create hubs of job creation.

Tags:

Mitra Shakti 2017: India-Sri Lanka Joint Military Exercise held in Pune

The 5th India-Sri Lanka joint training exercise “Mitra Shakti 2017” was held Aundh Military Station in Pune, Maharshtra.  The two weeks exercise (October 13 and 25) is based on Counter Terrorist Operations (CTO) and Infantry company from both countries are participating in it.

Mitra Shakti 2017

The aim of joint training is to exchange best of military practices of two countries and build strong military-to-military (M2M) relation between two armies. It also aims at developing joint strategies by sharing the expertise of conducting operations, especially in counter-insurgency and counter terrorism (CI and CT) environment under UN mandate. The training module of exercise will include weapons training, basic military tactics and complex battle strategies.

Background

The Mitra Shakti series of exercise between India and Sri Lanka had started in 2012, mainly as a response to China’s efforts to increase its influence in South Asia and Indian Ocean region. The armies of India and Sri Lanka also serve together in the United Nations Peacekeeping missions. The fourth edition of exercise was held at Sinha Regimental Centre in Ambepussa, Sri Lanka, in 2016 with main focus to enhance inter-operability in CI and CT operations under the UN mandate.

Tags:

12345...102030...104