The Maharashtra Cabinet on Tuesday approved the Maharashtra Animation, Visual Effects, Gaming, Comics and Extended Reality Policy 2025. The cabinet is chaired by Chief Minister Devendra Fadnavis. The policy initiated by the cabinet proposes a slew of incentives and simplification of procedures for speedy clearances.
Moreover, the cabinet’s decision comes from CM Fadnavis at the recent WAVES summit. The Maharashtra Chief Minister highlighted that the entertainment economy is the new engine of development for the state and the country.
He further added that, “With a 500-acre film city now being revamped into a next-generation global studio ecosystem and a 120-acre media and entertainment city focused on animation, visual effects, and gaming, we will deliver on both these objectives with tangible results in the next few months,” as cited by news agency IANS.
The Chief Minister further noted that the entertainment economy is the new development engine for Maharashtra and India.
While putting the spotlight on Maharashtra’s entertainment industry, the CM asserted, “Our state is shaping the future of global storytelling. The state government is committed to nurturing this transformation. We create enabling policies to attract global partnerships,” as cited by news agency IANS.
Furthermore, the Maharashtra cabinet also cleared the formation of a joint venture company by MahaGenco and Sutlej Jalvidyut Nigam Ltd for setting up renewable energy projects of 5,000 MW.
The cabinet, chaired by the Chief Minister, also approved financial assistance to Nilkanth Cooperative Spinning Mill in Akola as a “special case” in the ratio of 5:45:50.
The cabinet also approved an increase in the daily subsistence allowance for students in backwards-class government hostels, as well as a sanitation allowance for students by almost two times.
The cabinet also gave approval for a two-year extension to Rashtrasant Tukadoji Maharaj Shetkari Bhavan Yojana with a total expenditure of Rs 132.48 crore for the construction of new Shetkari Bhavans in 116 market committees across the state and for the renovation of existing buildings.
Another major step taken by the Maharashtra cabinet was to clear the construction of an access-controlled 94 km expressway between Bhandara and Gadchiroli. The work will be carried out under the Maharashtra State Road Development Corporation.
The cabinet also approved carrying out the design and land acquisition of the project and also an expenditure of Rs 931.15 crore for land acquisition and ancillary expenditure, reported IANS.
(With inputs from IANS)
