Wednesday, September 16, 2026
News

'Magnetic Maharashtra 2.0': State signs MoUs of Rs 5,051 crore

SocialTwist Tell-a-Friend    Print this Page   COMMENT

Mumbai | Wednesday, 2021 2:15:08 AM IST
Marking another achievement, the Maharashtra government has signed 12 MoUs worth around Rs 5,051 crore at the 8th 'Magnetic Maharashtra 2.0' investor summit, Industry Minister Subhash Desai said here on Tuesday.

This comes close on the heels of the recent Dubai Expo where the state government inked 26 MoUs for investments worth Rs 15,260 crore with a job creation potential of over 10,000 last month.

In the past couple of years, the state has signed 96 MoUs worth a total of over Rs. 1.88 lakh crore with a potential to create more than 3.34 lakh jobs, the Shiv Sena Minister added.

At the signing ceremony, where Additional Chief Secretary, Industries, Baldev Singh was also present, Maharashtra Industrial Development Corporation (MIDC) CEO P. Anbalagan said that Tuesday's MoUs have a potential to generate at least 9,000 jobs for the state.

"The investment intentions signed are spread across the state in various districts in line with the government's objective of equitable development. They also include strategic sectors like defence and aerospace, IT and ITES, bio-fuels, automobiles, etc," said Anbalagan.

Desai said that the state has been at the forefront of industrial development in the country for decades, by developing its infrastructure rapidly that has resulted in a flow of investments here even during the past couple of years of the Covid-19 pandemic.

"This is due to the state's proactive policy-making and progressive vision that it continues to attract foreign investments and remains the top destination for FDI in India. We are determined to fast-track progress to reach the atrillion-dollar economy' goal," he added.

Terming the 'Magnetic Maharashtra 2.0' initiative guided by Chief Minister Uddhav Thackeray as a "resounding success", Desai said: "Now it is imperative to carry the tremendous momentum and multiply efforts to strengthen employment opportunities via key investments here."

--IANS qn/vd

( 314 Words)

2021-12-07-20:06:21 (IANS)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Strong institutional demand for NSE IPO,...
HiveSchool Day 0 Placements: 30% batch e...
As AI adoption scales in India, data qua...
Indixital Media and ELLE India Celebrate...
Dermapuritys: Redefining Advanced Dermat...
Bajaj Broking Launches its ChatGPT Plugi...
More...
 
INDIA WORLD ASIA
NCPCR summons Meta India MD, Head over C...
Assam plans Rs 50,000 crore investment t...
'Without farmers, there is no family, no...
TOLIC Kandla receives 'Commendable' cate...
Rs 200 crore extortion case: Court frame...
Delhi government to build hostels for 10...
More...    
 
 Top Stories
US Attorney General says admin will... 
A look at Trump's new helipad... 
"Nobody knows more about that movie... 
"Prevent manipulation of data": US ... 
Kishau Multi-Purpose Project agreem... 
India, South Africa highlight close... 
India, Syria discuss bilateral coop... 
"It does affect me": Samson reveals...