Mar 30, 2025 08:46 AM IST
The ₹10 crore surplus finances, which is greater by ₹8,632.73 crore from final yr’s revised finances, was introduced by CIDCO vice-chairman and managing director Vijay Singhal. The finances has plans for a number of main initiatives, together with a logistics park and a global customary EduCity.
NAVI MUMBAI: The Metropolis and Industrial Growth Company (CIDCO) has introduced a ₹14,130 crore finances for the yr 2025-26, with the goal to develop Navi Mumbai right into a enterprise hub.
he Metropolis and Industrial Growth Company (CIDCO) has introduced a ₹14,130 crore finances for the yr 2025-26, with the goal to develop Navi Mumbai right into a enterprise hub. (HT PHOTO)
The ₹10 crore surplus finances, which is greater by ₹8,632.73 crore from final yr’s revised finances, was introduced by CIDCO vice-chairman and managing director Vijay Singhal to the board on the Nirmal workplace on Thursday. The finances has plans for a number of main initiatives, together with a logistics park and a global customary EduCity.
The finances takes under consideration the dynamic modifications set to happen within the economic system of the area with the beginning of Navi Mumbai Worldwide Airport later this yr. This can result in improve in commerce, container site visitors and industrial operations, which the finances has recognized as alternatives and deliberate infrastructure accordingly.
In response to Singhal, “Various ambitious projects are set to drive the city’s transformation while significantly contributing to the nation’s economic growth. In the budget, 16 important projects are being undertaken by CIDCO, for which allocations have been made. These will boost the development of Navi Mumbai city along with that of Panvel and Uran talukas that include CIDCO area. We have planned an industrial city with a logistics park, international standard educational institutions and a host of infrastructure projects along with housing for all.”
Singhal additional mentioned that CIDCO has efficiently sustained its monetary progress from the earlier yr when it comes to each income and expenditure. “Accordingly, we have allocated a sufficient provision for our key projects in this budget, which will help expedite their implementation. The corresponding calendar year is expected to witness significant milestones in the execution of these projects,” he mentioned.