Make in India: Maharashtra Govt signs 2097 MoUs worth ₹ 22137cr

The Maharashtra government succeeded in bringing substantial amount of investment in the state during the Make India Week organized in Mumbai from 13th to 18th February, 2015 at BKC. The government signed 2097 MOUs with a total investment of ₹ 22137crore which is expected to create over 1 lakh job opportunities.
“2097 MOUs with a total investment of ₹ 22137crore inked with MSME &large companies which will potentially create 1.17lakh jobs”, chief minister Devendra Fadnavis tweeted on Thursday.

In order to woo IT investors, the government inked several crucial MoUs to invite investors to set up their business in the state. Chief minister Devendra Fadnavis signed MoU with Sunteck Realty for setting up of world class logistics park at MIHAN. Sunteck Realty will invest ₹ 1500 crore in the proposed project.

The government also signed crucial pacts to develop IT clusters in the state. Satind infrastructure has announced to invest ₹2000cr to establish an AVGC Park and film and media city. Similarly, K. Raheja will be investing ₹ 3750 crore for setting up IT parks in the state. Ascendas has signed MoU with the government worth ₹ 4571 Cr for setting up an IT park in Navi Mumbai. Panchashil has also announced that it would be investing ₹ 5000 Cr for Eon Business Park at Kharadi, in Pune and 3 IT parks.

The government also unveiled a set of policies for easing the business in the State. The government unveiled separate industrial policy guidelines for six industrial sectors which include retail, electronics, fabrication, a policy to encourage SC/ST investments, ports and a general single window industrial clearance policy-a 1 stop shop for granting approvals to Industries at MAITRI and announced the launch of the Delhi Mumbai Industrial Corridor. Fadnavis also announced the launch of the Delhi Mumbai Industrial Corridor. The new policies were launched at the Maharashtra investment seminar in the presence of Union minister of state for commerce and industry Nirmala Sitharaman.

The Government of India organized a mega event ‘Make in India Week’ in Mumbai from February 13-18, 2016. The Make in India Week aimed at attracting investors to invest in the manufacturing sector in the country. Government delegations from 49 countries and business delegations from 68 countries attended the event. There were 17 state exhibitions and several country pavilions at the centre. The country pavilions also included exhibitions from Sweden, Germany and South Korea. 190 exhibitors showcased manufacturing prowess of the country across the focus sectors.