Having lost the multi-crore Vedanta-Foxconn deal to Gujarat, Maharashtra govt says Nanar project was a bigger loss, shifts heat to Thackeray-led Sena that had opposed the refinery.
Amid opposition by local residents, Ratnagiri Refinery and Petrochemical Limited project has been a bone of contention between Sena & BJP since 2015, when they were allies.
Maharashtra Chief Minister Devendra Fadnvais is planning a multi-crore refinery and petrochemicals project in the Nanar area of Konkan’s Ratnagiri district that has become a political hot potato. Experts weigh in.
For an industry globally classified as hazardous, protections such as health insurance and a provident fund for workers are necessities. In Sivakasi, they remain elusive.
The industry forecasts exports are set to grow 16% in 2025-26, boosted by surplus domestic production and a drive to push into 26 underserved global markets with strong potential.
Indigenisation level will progressively increase up to 60 percent with key sub-assemblies, electronics and mechanical parts being manufactured locally.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
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