Maharashtra: Govt signs agreements worth Rs 61,000 cr with 25 companies
The MoUs were signed in the presence of Chief Minister Uddhav Thackeray and Industries Minister Subhash Desai. December 23, 2020 3:36:44 am It is important that entrepreneurs invest in Maharashtra even in times of crisis. The investment of Rs 1,12,000 crore in just six months during the Covid-19 crisis is certainly a great example of Maharashtra for the entire country, said Uddhav Thackeray.
The state government on Tuesday signed memorandum of understandings (MoUs) worth Rs 61,000 crore with 25 Indian companies in more than 15 sectors under its ‘Magnetic Maharashtra’ initiative. The MoUs signed are expected to create 2.53 lakh jobs across the state.
Startups to get Rs 10 lakh aid to file patents
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In a bid to support the startup ecosystem in Maharashtra, the state government has taken a slew of initiatives. The state government will be providing financial assistance to innovative startups who wish to file for patents. In the first phase, around 125 to 150 startups will be supported with a financial assistance of from up to Rs 2 lakh to Rs 10 lakh. Minister of Skill Development, Employment and Entrepreneurship Nawab Malik said that youth-led startups offering innovative solutions often need to incur significant expenses while filing patent applications. Despite being innovative and deserving, many startups are unable to file patents because of the high expenses involved.