FPJ Exclusive: Maharashtra Government to ink Rs 61,000 crore worth investment MoUs
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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
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NAGPUR: Union minister for transport and MSMEs Nitin Gadkari exhorted local businessmen to think big, adding that his own venture had achieved business of Rs 1,300 crore.
He was speaking at the groundbreaking ceremony of a common facilitation centre for auto and engineering industries at Hingna estate of Maharashtra Industrial Development Corporation on Sunday. “I am sorry to say but the investment of Rs 12 crore for the Centre being set up here is peanuts. It should be at least Rs 200 crore,” he said, adding that the turnover of his business has grown by Rs 200 crore in two years.
In 2018, while addressing the foundation day function of MIDC Industries Association, Gadkari had said his sons’ business had touched Rs 1,100 crore.