198 Maharashtra firms allocated land for projects signed during Make in India Weekhttps://indianexpress.com/article/cities/mumbai/198-maharashtra-firms-allocated-land-for-projects-signed-during-make-in-india-week-2784969/

198 Maharashtra firms allocated land for projects signed during Make in India Week

In addition to that, nine projects with Rs 60,254 crore investment are under implementation, Fadnavis said.

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Chief Minister Devendra Fadnavis on Wednesday held a meeting to review the progress made in projects signed during the Make In India Week, held in Mumbai in February.

The state has allocated land to 198 companies for industrial projects that are fruits of investments pledged during the Make In India Week. The Maharashtra Industrial Development Corporation (MIDC) had received a total of 289 proposals seeking land from various industrial sectors.

Chief Minister Devendra Fadnavis on Wednesday held a meeting to review the progress made in projects signed during the Make In India Week, held in Mumbai in February. While maintaining that land allocation comes complete with other logistics, Fadnavis said, “Yes, we have made a huge stride in various mega projects. We are confident of taking all the projects signed during Make In India Week to its logical end. There are 82 applications under process, and in 69 per cent cases, land has been allotted to projects in the manufacturing sector.”

In addition to that, nine projects with Rs 60,254 crore investment are under implementation, he said.

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In the second week of February, Fadnavis had constituted a task force to pursue sector-wise MoUs signed during the Make In India Week. He also reviewed four projects for industrial parks worth Rs 41,659 crore. Land acquisition and infrastructure building for these projects is under process.

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Of the total 2,603 MoUs signed during the Make In India Week, 2,097 are for small and medium enterprises.

Industries Minister Subash Desai said, “Across India, the average of MoUs translating to actual investment is always less than 10 percent. Even Gujarat’s record in this is not above 6 per cent. We are working to ensure that the investments secured can benefit the state.” He also announced the work progress in four integrated townships, of which three are in Navi Mumbai and one in Aurangabad.

Desai said that apprehensions over drought impacting industrial growth were incorrect. “The government has taken adequate measures to tackle drought and it is not something that would last always. We have faced four years of consecutive drought. But we will overcome this phase,” he said.

The state government is also making it mandatory for industries to use certain percentage of recycled sewage water in their plants to tide over water scarcity, Desai added. “While giving sanction to new projects, we will incorporate some conditions to make sure industries use recycled water in their plant operations,” he said.

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