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State signs MoUs worth Rs 1.08 lakh cr; will create 47k jobs, says CM Fadnavis

The major projects in this regard include MGSA Realty investing Rs 5,000 crore in industrial warehouses, data centres and logistics hubs, which will create 10,000 jobs.

devendra fadnavis, maharashtra,Maharashtra Chief Minister Devendra Fadnavis (File photo)

The Maharashtra government on Thursday signed Memorandums of Understanding (MoUs) for investments totaling Rs 1,08,599 crore across sectors including information technology, food processing, warehousing, data centres, and logistics hubs, paving the way for the creation of 47,000 direct jobs, Chief Minister Devendra Fadnavis said.

Speaking at the MoU exchange ceremony held at Sahyadri Guest House, Fadnavis emphasised the crucial role of investors and the industry in the state’s economic growth. “We are making efforts to ensure entrepreneurs have a positive investment experience in Maharashtra,” he said, assuring that the government remains committed to meeting investor expectations.

The major projects in this regard include MGSA Realty investing Rs 5,000 crore in industrial warehouses, data centres and logistics hubs, which will create 10,000 jobs.

Lodha Developers Ltd will set up a Green Integrated Data Centre Park in Ambernath in Thane district investing Rs 30,000 crore. It will generate 6000 jobs.

Adani Enterprises Ltd will invest Rs 70,000 crore in an integrated coal surface gasification downstream derivatives project at Kamleshwar Linga in Nagpur district, creating 30,000 jobs, while Polyplex Corporation Ltd will invest Rs 2,086 crore in a polymer products project in Nandurbar that will provide employment to 600 people.

Reliance Consumer Products Ltd will set up an integrated food and beverages manufacturing facility at Katol in Nagpur district with an investment of Rs 1,513 crore, generating 500 jobs.

According to Fadnavis, these initiatives are expected to boost industrial development, provide substantial employment opportunities, and reinforce Maharashtra’s position as a preferred destination for investors.

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The MoUs were exchanged between P. Anbalagan, Secretary of the Industry Department, and representatives of the participating companies, including Amarprakash Agarwal (MGSA Realty), Abhishek Lodha (Lodha Developers Ltd), Ajit Barodia (Adani Enterprises Ltd), Pranay Kothari (Polyplex Corporation Ltd), and Ketan Modi (Reliance Consumer Products Ltd).

Officials from the Maharashtra Industrial Development Corporation, senior officers from the Industry Department, and representatives from various industrial groups were also present. Chief Secretary Rajesh Kumar attended, highlighting the government’s focus on promoting industrial growth and employment generation.

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