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Mumbai News LIVE Updates: Maharashtra bamboo industry policy eyes to attract Rs 50,000-cr investment

Mumbai News LIVE Updates: Under the Maharashtra Bamboo Industry Policy-2025, as many as 15 dedicated bamboo clusters will be developed across the state, with a focus on leveraging the carbon credit market. We are closing the LIVE blog now

Updated on : 14 October,2025 10:05 PM IST  |  Mumbai

Representational pic

Representational pic

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10:00 PM

Mumbai News LIVE Updates: Maharashtra Cabinet approves development scheme for People`s Education Society

The positions cover Group A to Group D categories, and provisions have been made for salaries and associated expenses. The cabinet also approved a development scheme for the People`s Education Society, established by Dr Babasaheb Ambedkar.

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09:45 PM

Mumbai News LIVE Updates: Cabinet also approves creation of 2,228 posts for Bombay HC

To enhance judicial efficiency, the cabinet approved the creation of 2,228 new posts for the Bombay High Court and its Nagpur and Aurangabad benches. Of these, 1,717 are administrative positions. While 562 will be for the Mumbai main branch, 779 for the appeal branch, 591 for Aurangabad, and 296 for Nagpur, the statement said.

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09:30 PM

Mumbai News LIVE Updates: State earmarks Rs 1,534 crore for implementing policy during 2025-30

The state has earmarked Rs 1,534 crore for implementing the policy during 2025-30, Rs 11,797 crore for the next 20 years, and Rs 50 crore for the current fiscal year, it said. The state`s bamboo cultivation currently spans 1.35 lakh hectares, with a production capacity of approximately 9.47 lakh tonnes in 2022, the statement added.

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09:15 PM

Mumbai News LIVE Updates: Promotion of bamboo use in contract farming, energy among key features of policy

Other key features of the policy include promotion of bamboo use in contract farming, energy, industrial, and household sectors; development of anchor units and Common Facility Centres (CFCs) for farmers and micro CFCs in remote areas for artisans; collaboration with agricultural universities and international institutions for research, training and development. Financial incentives including interest subsidies, electricity concessions, and reduced stamp duties for bamboo-based industries; a Rs 300 crore venture capital fund to support start-ups and MSMEs in the bamboo sector; planned use of 5 to 7 per cent bamboo biomass in thermal energy projects, and deployment of modern technologies like GIS, drones, tissue culture labs, and blockchain for value chain development, are some other focus areas of the policy.

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