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Make in India week: At Rs 7.94 lakh crore, Maharashtra attracts lion’s share of investments

CM Fadnavis says projects will create 30 lakh jobs, task force will be formed to ensure implementation

Written by Shubhangi Khapre | Mumbai | Updated: February 19, 2016 5:35:58 am
make in india week, make in india, make in india week investments, maharshtra make in india week investments, mumbai news, latest news, maharashtra news, India news Maharashtra Chief Minister Devendra Fadnavis during the signing of various MoUs at the Make In India Week in BKC. (Source: Express photo)

THE Maharashtra government announced on Thursday that it attracted investments worth Rs 7.94 lakh crore at the Make in India Week and would form a task force to work towards ensuring that these projects are implemented.

The list includes an investment of Rs 1.50 lakh crore in the backward regions of Vidarbha and Marathwada, which has been the worst affected by the drought and agrarian crises. While Konkan region (including the Mumbai Metropolitan Region) will see an investment of Rs 3.50 lakh crore, Khandesh (North Maharashtra) will see Rs 25,000 crore and Pune (Western Maharashtra) will see Rs 50,000 crore.

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All these projects together hold the potential to generate employment for nearly 30 lakh people, the government has said.

“We are setting up a sector-wise task force to translate the investments into implementation. The process will be expedited with team of officers pursuing it to the logical end. Our investments have been thoroughly vetted to ensure they are realised and does not remain on paper,” said Chief Minister Devendra Fadnavis.

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Maharashtra signed a total of 2,594 MoUs worth Rs 7.94 lakh crore in diverse sectors, including manufacturing, agro-industry, textile, energy, infrastructure retail, tourism, real estate, IT parks, skill development, medical and MSMS. The big corporates who have signed on are Mahindra & Mahindra (Rs 8,000 crore), Mercedes (Rs 1,200 crore), Ascendas (Rs 4,571 crore), Raymond (Rs 1,400 crore) and Sterlite (Rs 60,000 crore). The list also includes Pepsico and Coca Cola.

The Make in India Week held at the MMRDA grounds in Bandra-Kurla Complex saw the Maharashtra government aggressively promoting the state.

Defining the event as a historic one that also paved the way for connecting with the “aam admi” on one hand and also engaging big names from the business world, the chief minister said, “I would like to reaffirm that this is the real beginning of Make in India.”

He added, “What is really heartening to know is the investments flowing to backward regions of Vidarbha and Marathwada as our endeavour was to tap global and domestic investments beyond the golden triangle of Mumbai-Pune-Nashik. These untapped regions, which have opened up, would automatically develop and attract greater investments ahead.”

Fadnavis said the emphasis on textiles and food processing would help the government consolidate the value chains and help farmers.

“Maharashtra has always remained the gateway of India and the economic growth of Maharashtra will contribute to national growth,” said the chief minister.


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