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Anand Mahindra at Loksatta conclave: Under Modi govt, Maharashtra will rise as investment hub

"Any Indian company that has global aspiration truly has a choice. So you don't invest in Maharashtra vs Bihar vs Chhattisgarh. You are investing in Maharashtra vs the rest of the world," Anand Mahindra said.

Anand Mahindra, Anand Mahindra Loksatta conclave, Loksatta Advantage conclave, Anand Mahindra Loksatta Advantage conclave, Anand Mahindra on investment in Maharashtra, Loksatta Advantage Maharashtra, maharashtra news, mumbai news, indian express Anand Mahindra was speaking at the Loksatta Advantage Maharashtra — Driving India’s Growth Engine conclave. (Express photo by Nirmal Harindran)

Leading industrialist and founder of the Mahindra & Mahindra Group, Anand Mahindra, while speaking at the Loksatta Advantage Maharashtra — Driving India’s Growth Engine conclave, said if an industrialist was investing in Maharashtra, then he was not competing with either Bihar or Chhattisgarh, but the rest of the world.

“Any Indian company that has global aspiration truly has a choice. So you don’t invest in Maharashtra vs Bihar vs Chhattisgarh. You are investing in Maharashtra vs the rest of the world,” he said.

Mahindra said Maharashtra accounted for almost 25 per cent of the country’s Foreign Direct Investment (FDI), 20 per cent of the country’s industrial output and 27 per cent of India’s exports.

Reiterating a quote he said in 2018 at the Maharashtra Conclave Summit, Mahindra stated, “We are in Maharashtra because it is a state which understands reinvention and resilience. It understands how to reinvent itself and keep up with the time and it completely manages to stay tall despite all the risks.”

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Anand Mahindra, Anand Mahindra Loksatta conclave, Loksatta Advantage conclave, Anand Mahindra Loksatta Advantage conclave, Anand Mahindra on investment in Maharashtra, Loksatta Advantage Maharashtra, maharashtra news, mumbai news, indian express The day-long conclave had three sessions on Maharashtra’s agriculture, infrastructure and industry. (Express photo by Nirmal Harindran)

He said under the new GST regime and with the philosophy of the Modi government, it was time for Maharashtra to rise again. Mahindra reasoned that Maharashtra was behind other states when it came to the IT industry was because of the high cost of land and accommodation.

“Young people will move anywhere where the cost of living is low but the quality of life is high. Somehow, we lost in that. If Maharashtra has to regain the need, it needs to use government’s intervention to find an enclave,” Mahindra said.

The conclave was inaugurated by Minister of Agriculture Anil Bonde on Monday followed by a valedictory speech by Water Resources Minister Girish Mahajan.

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The day-long conclave had three sessions on Maharashtra’s agriculture, infrastructure and industry and saw the participation of senior bureaucrats and industry experts from the three fields.

First published on: 26-08-2019 at 20:49 IST
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