Mah Govt to invite investments of around Rs 12 trillion in various

19  February, Kohli


Maharashtra Chief Minister Devendra Fadnavis onMonday said the state is targeting investments of around Rs 12trillion in a host of sectors like defence, aerospace,infrastructure and gems & jewellery, among others, from the ongoinginvestors’ summit.

“As of now we feel that probably we will sign agreements worth Rs 10-12 trillion,” he told reporters on the second day of the GlobalInvestors’ Summit ‘Magnetic Maharashtra’ at the MMRDA Grounds inupscale central business district of Bandra-Kurla Complex insuburban Bandra.

Mr Fadnavis further said the state will sign investment agreementswith over two dozen companies in the next two days. Investments would come in almost every sector, including aerospace,logistics and electric vehicle manufacturing and services industry,he informed.

Defence companies will set up their facilities in Nagpur,Ahmednagar, Pune, Nashik and Aurangabad, the Chief Minister said.

Some of the other companies that will be investing are Tata Power,Adani Green Energy, K Rahjea Developer, JSW Cement, Technocraft,Chhatrapati Park Industrial City at Palgarh, JNPT’s fourth containerterminal being developed by Singapore Ports, JSW Electrical Vehicle,and Yes Bank, among others, he said.

However, details like the nature and quantum of investments are awaited, Mr Fadnavis added.

On inaugural day of the Summit on Sunday, Reliance chairman MukeshAmbani had announced Rs 60,000 crore investment to set up thecountry’s first digital industrial township in the state over thenext 10 years, while the Dubai-based Bin Zayed Group has committedUSD 7 billion into the proposed Mumbai-Nagpur expressway project andMahindra Group has committed three investments running up to Rs2,300 crore in Mumbai and Nagpur.

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