Make in India? Maharashtra Govt signs MoU worth Rs 4,500 crore

The Maharashtra government is riding high. The Fadnavis government has signed an MoU with Blackstone and Panchsil SPV for three projects worth Rs 4,500 crore and generation of some 50,000 jobs.

According to a report by ET, chief minister Devendra Fadnavis while on a week-long tour of the US, has assured that Blackstone will invest Rs 750 crore in EON Free Zone SEZ, Rs 1,200 crore in Hinjewadi Phase-3, Rs 1,500 crore in IT Park in Central Mumbai and Rs 1,050 crore in other IT parks in Mumbai.

"Big news! Investment of around Rs 4,500 crore & jobs up to approx 50,000 to be generated. Results of new IT Policy being shown within a week itself!" tweeted the chief minister.

It was followed by another tweet by him, “Coca Cola announces Rs 500 crore investment at Lote Parshuram in Chiplun MIDC, Maharashtra."
Pitching Maharashtra as an investment destination, Fadnavis is also believed to have had extensive interactions with executives from the US-India Business Council in New York.

"The state eagerly awaits formation of JVs in important projects such as DMIC, smart cities, manufacturing, agriculture, aviation, engineering and IT," said Fadnavis in the report.