FPJ Exclusive: Maharashtra Government to ink Rs 61,000 crore worth investment MoUs
Twitter/@OfficeofUT
Mumbai: Days after the Maha Vikas Aghadi government completed one year in office, it will sign MoUs with 25 Indian companies proposing to invest Rs 61,000 crore in multiple sectors under the Magnetic Maharashtra initiative. The government expects the creation of 2.60 lakh jobs with the implementation of these projects across the state. The investors will sign MoUs with the Maharashtra Industrial Development Corporation on Tuesday afternoon in the presence of Chief Minister Uddhav Thackeray, Industries Minister Subash Desai and his deputy Aditi Tatkare.
The proposed investments will be in the sectors of engineering, automobile, IT, electronics, bio-technology, chemicals and petrochemicals, paper, logistics. Investors will get physical and fiscal sops, including relaxation in stamp duty, state GST, land on lease rental basis under the plug and play policy and rebates in electr
Cornell University, New York. Image source: cornell.edu
The state government on Thursday signed a memorandum of understanding (MoU) with the Cornell University in New York to set up a world-class incubation centre in Maharashtra to provide the necessary infrastructure and conducive environment for new entrepreneurs and innovative start-ups.
The MoU was signed in an online event held in the presence of Industries Minister Subhash Desai and senior officials. “This is the first time that a state in India is setting up an incubation centre through an MoU with an international university,” said Desai.
Officials said that 60 entrepreneurs will receive training, guidance and financial and administrative support every year at the incubation centre from the university. Entrepreneurs holding a domicile certificate in Maharashtra will be able to take part in the programme. Those participating will get a certificate from Cornell University.