MEDC #ThinkTank

Agricultural and Processed Food Products Export Development Authority (APEDA) will set up India’s first training-cum-demonstration farm in Pilibhit.

The centre will focus on strengthening both conventional and organic Basmati cultivation while serving as a hub for farmer training, capacity building, and research support for agri professionals and students.

📘 MEDC Economic Digest | May 2026 Edition

Theme: The New Energy Order

This edition explores how the evolving global energy landscape is reshaping economic priorities, geopolitical dynamics, and national security frameworks. From supply disruptions and shifting consumption patterns to the accelerated transition towards renewable and low-carbon solutions, the insights highlight how energy is emerging as a critical driver of economic resilience, policy strategy, and global cooperation in a rapidly changing world.

📌 Hon’ble Shri. Atul Moreshwar Save
Minister for New and Renewable Energy, Government of Maharashtra
Maharashtra’s Energy Transition: Building the New Energy Order through Visionary Leadership

📌 Mr. Gagan Sidhu
Director, CEEW Green Finance Centre
Climate finance at a time of global Disruption

📌 Mr. Manish Vaid
Junior Fellow, Observer Research Foundation
From Global Shocks to State-Level Resilience: The Case of Maharashtra


📌 Dr. Khushboo Gupta
Principal Research Associate, Alliance for an Energy Efficient Economy
Cooling, Cold Chains, and the New Energy Order: Aligning India’s Food Systems with Energy Transition

📌 Ms. Shivali Thakar
PhD Scholar, Mumbai School of Economics and Public Policy (MSEPP), University of Mumbai
📌 Dr. Medha Tapiawala
Professor, Mumbai School of Economics and Public Policy (MSEPP), University of Mumbai
Clean Energy and Maharashtra’s Opportunity in the Solar Economy

📌 Ms. Tanvi Abhyankar
Research Associate, Maharashtra Economic Development Council (MEDC)
Powering the energy transition by balancing change

📖 Read now: https://www.medcindia.com/economic-digest.php

📩 For subscriptions: [email protected] | +91 9322357567 / 2235210157 / 777

| | |.kelkar | | Ashish Garde

Strengthening Maharashtra’s Foundry Ecosystem

MEDC convened the Foundry Production and Innovation Committee meeting in Kolhapur on 15th April 2026 under the leadership of Shri Atul Shirodkar, marking the formal constitution of the committee led by Shri. Satyajeet Bhonsle.

Bringing together key industry stakeholders, the meeting focused on promoting innovation, strengthening indigenous manufacturing, and advancing a globally competitive foundry sector.

MEDC continues to drive this initiative forward through sustained industry engagement and collaboration.

Shri Atul D. Shirodkar, President, Maharashtra Economic Development Council
Shri Satyajeet Bhonsle, Regional Director, MEDC, Kolhapur
Shri Sachin Shirgaonkar, CMD, Synergy Green Limited
Shri Satish R. Kadukar, Vice President, The Institute of Indian Foundrymen (IIF), Kolhapur Chapter
Shri Ikhlas A. Patil, Chairman, SMAK Export Promotion Council (SEPC)
Shri Virendra Patil, Chairman, Confederation of Indian Industry (CII), Western Zone
Shri Shreenayan Jadhav, Owner, CRYSTDECK Industries and Restaurant Industries
Shri Rajesh Somvanshi, Owner, Macpro Machining
Shri Jitendra Bamane, Manager, Shiroli Manufacturers’ Association SMAK, Kolhapur

Fossil fuel-based power generation has declined for the first time this century, with India and China leading the shift.

The drop is driven by a record expansion in solar and wind energy, alongside relatively slower growth in electricity demand.

Amazon has signed a ₹280 crore agreement to purchase carbon credits from Indian rice farmers, supporting sustainable agriculture practices. Around 13,000 small farmers will be trained and incentivised to adopt emission-reducing methods.

The initiative aligns with India’s upcoming carbon trading framework and highlights growing private sector participation in climate-focused solutions.

Clearing Corporation of India Limited (CCIL) is preparing to drive the next phase of transformation through AI-led growth. Meanwhile, the Chairman of State Bank of India (SBI) emphasised the need for prudence and innovation in digital assets and cross-border settlement mechanisms, highlighting intelligent scaling as key to navigating the complexity of financial markets.

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Mumbai has kick-started its Water Metro Project to enhance urban mobility by linking key regions including Navi Mumbai, Thane, Kalyan, Vasai and Mira-Bhayandar. Phase 1 will cover 16 routes with 26 terminals, aiming to create an integrated water-based transport network.

The Maharashtra Maritime Board has invited bids to appoint a consultant for the project.

The Reserve Bank of India Governor stated that short-term fluctuations, including net FDI outflows and exchange rate movements, are cyclical and are being closely monitored.

He also highlighted ongoing reforms to simplify regulatory frameworks, improve ease of doing business, and expand market access.

On this Maharashtra Day, we celebrate the spirit of a state that stands at the forefront of India’s growth story. Rooted in a rich legacy and driven by ambition, Maharashtra continues to lead across industry, finance, and entrepreneurship.

From a thriving MSME ecosystem to a strong global economic presence, the state reflects resilience, innovation, and boundless opportunity.

At MEDC, we are proud to be part of this journey strengthening industries, fostering collaboration, and contributing to Maharashtra’s vision for sustained and inclusive growth.

Wishing everyone a proud and inspiring Maharashtra Day.

The Government of India is working on a policy to accelerate the adoption of flex-fuel vehicles, as supply disruptions linked to the West Asia conflict underscore the need for alternative fuels.

Fuel blending is expected to help reduce import dependence, with stakeholder consultations currently underway.

The Economic Affairs Secretary highlighted that disaster risks have evolved from being purely environmental concerns to becoming major development and fiscal challenges globally.

Both natural and manmade disasters are now central to policy planning, with growing implications for economic stability, public finances, and long-term development strategies.