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By:

Abhijit Mulye

21 August 2024 at 11:29:11 am

Fadnavis writes off Rs 48,000 crore

Mumbai: In a clear indication that the Maharashtra government is leaving no stone unturned to keep the state’s agrarian base happy, Chief Minister Devendra Fadnavis has unleashed yet another massive populist measure. Hot on the heels of relaxing the eligibility criteria to ensure a blanket farm loan waiver, the Chief Minister announced a sweeping Rs 48,000 crore waiver on the pending electricity bills of farmers across the state. Addressing a ‘Krutadnyata Sohala’ (gratitude ceremony)...

Fadnavis writes off Rs 48,000 crore

Mumbai: In a clear indication that the Maharashtra government is leaving no stone unturned to keep the state’s agrarian base happy, Chief Minister Devendra Fadnavis has unleashed yet another massive populist measure. Hot on the heels of relaxing the eligibility criteria to ensure a blanket farm loan waiver, the Chief Minister announced a sweeping Rs 48,000 crore waiver on the pending electricity bills of farmers across the state. Addressing a ‘Krutadnyata Sohala’ (gratitude ceremony) organized by the BJP Kisan Morcha at Mumbai’s Yashwantrao Chavan Pratishthan on Wednesday, Fadnavis declared that farmers using agricultural pumps of up to 7.5 horsepower will see their historical electricity dues completely wiped out. The announcement was met with the traditional sounding of the Tutari and thunderous applause from hundreds of farmers who had gathered from every corner of the state. The Chief Minister framed the mega-sop as a necessary step to “wipe the farmers’ slate clean,” enabling them to write a new chapter of prosperity. Calculated Pitch The timing and scale of the announcement underscore a government that is boldly embracing populist economics to solidify its political footprint in rural Maharashtra. While Fadnavis maintained that these decisions were taken purely in the interest of the farmers—pointing out that the original loan waiver was announced when no elections were in sight—the political undertones were unmistakable. Taking a sharp dig at the opposition, the Chief Minister accused rival parties of running “political shops” in the name of farmer agitations without understanding the government’s genuine intent. Asserting his grassroots connection, Fadnavis proudly claimed, “I do not make decisions sitting in my house. I am a farmer myself, a man of the soil.” He openly defended the government’s recent move to strip away the stringent conditions attached to the blanket farm loan waiver, signaling that his administration will not hesitate to clear bureaucratic hurdles if it means putting money directly into the hands of the rural voter. Balancing Sops Even as he rained freebies, the Chief Minister attempted to balance the populist optics with a dose of economic pragmatism. He acknowledged that handing out repeated loan waivers is a symptom of deep-rooted agrarian distress, not a permanent cure. Pointing to the Rs 95,000 crore in aid currently being pumped into the agricultural sector by the state and central governments, Fadnavis outlined his administration’s shift toward an investment-driven agricultural model. He championed the success of schemes like ‘Jalyukt Shivar’ and ‘Magel Tyala Shettale’ (farm ponds on demand), claiming these initiatives have already empowered farmers to harvest multiple crops a year. Addressing the core issue of farming costs, he noted that the government already subsidises power to the tune of Rs 25,000 crore annually. By coupling this with a push for solar pumps and solar agricultural feeders, he promised that 100 percent of the state’s farmers would receive uninterrupted daytime electricity by the end of the year. Infra Dream Looking beyond immediate financial relief, the Chief Minister laid out a grandiose vision to permanently drought-proof Maharashtra’s most vulnerable regions. A staggering Rs 6 lakh crore infrastructure pipeline is being planned to ensure the next generation never witnesses a drought. Fadnavis detailed ambitious river-linking projects, including the Wainganga-Nalganga link, to divert excess floodwaters to parched regions. The state plans to construct 24 new dams and raise the height of 16 existing ones to ensure not a single district in Vidarbha faces water scarcity. Furthermore, massive engineering feats are on the drawing board to divert 200 TMC of floodwater from Western Maharashtra to Marathwada, and lift 275 TMC of wasted water from the Ulhas basin to quench the thirst of North Maharashtra and Marathwada. By marrying immediate, massive debt relief with long-term infrastructure promises, the Fadnavis administration is aggressively cementing its pro-farmer narrative. As the Yashwantrao Chavan auditorium echoed with whistles and cheers, it became highly evident that the government’s strategy of pairing mega populist waivers with big-ticket rural dreams is striking a powerful chord with the state’s agrarian voters.

Robust infra, surging demand, key reasons for boom

MMR A Data Centre Hub, Part – I

Mumbai: The Mumbai Metropolitan Region (MMR) is rapidly emerging as the epicentre of India’s data centre revolution, with a combination of strategic location advantages, robust infrastructure and surging demand from artificial intelligence (AI) and cloud computing driving unprecedented investment into the region.


As India’s data centre industry gears up to cross 3 gigawatts (GW) of operational capacity by 2028, according to CBRE’s 2026 Asia Pacific Data Centre Trends & Outlook report, MMR is expected to remain at the heart of this growth story. The region already accounts for the largest share of India’s operational data centre capacity and continues to attract a substantial portion of upcoming investments.


Mumbai currently hosts more than 800 MW of operational data centre capacity, making it the country’s undisputed leader in digital infrastructure. Equally significant is the future pipeline, with another 750 MW under construction or in committed stages. Industry experts believe this momentum could transform the region into one of Asia’s most important digital infrastructure hubs over the next decade.


The broader national backdrop supports this optimism. India’s total data centre stock stood at nearly 1,700 MW at the end of 2025, with CBRE estimating that an additional 500 MW of fresh supply will be added in 2026 alone. Driven by hyperscalers, cloud providers, global capability centres (GCCs) and AI-focused enterprises, the country has now been elevated from the “High Growth” category to the “Leading Markets” group in CBRE’s Asia-Pacific data centre rankings.


“The combination of a low-bottleneck development environment, a rapidly expanding digital economy and aggressive hyperscaler commitments positions India as one of the most compelling DC markets globally,” said Anshuman Magazine, Chairman & CEO – India, South-East Asia, Middle East & Africa, CBRE. “As AI workloads multiply and the demand base broadens beyond cloud to Neocloud, GCCs and enterprise users, we expect the country’s capacity trajectory to remain steep well beyond 2028,” he added.


Unique Advantage

Within India, however, MMR enjoys a unique competitive advantage. The region combines access to international submarine cable landing stations, extensive fibre connectivity, proximity to the country’s largest financial ecosystem and a deep enterprise customer base. These factors have made it the preferred destination for hyperscale operators seeking scalable, low-latency infrastructure.


According to Kamlesh Thakur, President, NAREDCO Maharashtra, MMR possesses a rare combination of factors that continue to attract large-scale investments.


“Mumbai Metropolitan Region (MMR) possesses a unique combination of advantages that make it India's most preferred data centre destination. The region is home to the country's largest financial ecosystem, has access to international submarine cable landing stations, a strong fibre network, a large enterprise customer base and proximity to major cloud and digital service providers,” he said.


Thakur added that proactive government policies, dedicated incentives, reliable power infrastructure and rising AI and cloud demand are further accelerating investments into the region.


“MMR is increasingly emerging not just as India's financial capital but also as its digital infrastructure capital,” he noted.


The growth is particularly concentrated along the Navi Mumbai–Thane corridor, which has evolved into the country's most active data centre cluster. Locations such as Navi Mumbai, Thane, Airoli, Ghansoli, Rabale, Mahape and Taloja are witnessing strong traction due to the availability of large land parcels, power infrastructure and high-capacity fibre networks.

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