State approves to set up investment platform, Maha InvIT

The Maharashtra government has approved the proposal to set up a dedicated investment platform, Maharashtra Infrastructure Investment Trust (Maha InvIT), to ensure long-term and stable funding for infrastructure projects in the state. The new platform will attract private and public investments to accelerate the development of infrastructure projects in the state. Maha InvIT will be set up as an independent entity under government oversight. Furthermore, selected revenue-generating assets will be transferred under the InvIT from key bodies, including, Public Works Department (PWD), Maharashtra State Road Development Corporation (MSRDC), and Maharashtra Infrastructure Development Corporation.