Fadnavis, while speaking at 'Suyog', the camp residence of outstation reporters in Nagpur, also said that the mega project will play an important role in the development of the state, just as the bullet train played in enhancing the economic growth of China.
"Due to the ongoing drought conditions, agriculture sector growth may remain negative for the next 3 years. We have thus decided to focus on the infrastructure sector," he said.
He further said that as about 50-60 per cent population of the state depends upon the agriculture sector, an increase in crop production moves the market economy by increasing purchase power of people and thereby having a positive impact on the manufacturing sector.
"Madhya Pradesh has succeeded in increasing agriculture growth with the help of 3 lakh farm ponds. Our target is to create 5 lakh farm ponds," he said.
"Similarly, the proposed Nagpur-Mumbai Super communication way will play an important role in the economic growth and development of backward regions of the state. The proposed way will pass through 14 districts from Vidarbha and Marathwada regions," he said.
He further said that industrial growth remains centralised around Mumbai, Pune and to some extent in Nashik and Aurangabad as these cities remain connected through sea ports.
"Nagpur has a dry port but since it is far from a sea port, the region lags in development. We have set a target to complete the super communication way by the end of 2019. Once it is done, cities nearby will emerge as the new centres of industrial development as distance between them with sea ports will be reduced," he said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
