Maharashtra gets MoUs worth Rs 6.11 lakh crore

At Make in India event, five new policies introduced

geetanjali

Geetanjali Minhas | February 16, 2016 | Mumbai


#Make in India   #Devendra Fadnavis  
Maharashtra government conducting its investment seminar at the Make in India event

Maharashtra has signed 2,560 MoUs worth Rs 6.11 lakh crore for private investment in the last 16 months, of which 23 have been signed during the ongoing Make in India week, state principal secretary Apurva Chandra said on Monday. These investments are expected to flow in over a period of five years and create 1.6 million jobs in the state.


Out of the total 2,560 MoUs, 2,097 are from the micro, small and medium enterprises (MSME), the backbone of the state’s economy. “These involve an investment commitment of Rs 1.22 trillion and will create more than 1,16,000 jobs in Maharashtra’s semi-urban and rural areas, Chandra said. He added, “The MoUs also represent diverse sectors ranging from IT to integrated textile parks to retail to mining to electronic to tourism. They tell the story of Maharashtra’s industrial diversity.”


Five new policies introduced


Chief minister Devendra Fadnavis announced five new policies in the areas of retail, electronics, single window, ports and SC/ST, terming manufacturing as key for the state's growth. He promised his government’s commitment to ease of doing business. Fadnavis said that 50 percent of employment in Maharashtra still comes from agriculture, which contributes only 11 percent to the state’s GDP. He observed said that this sector was not going to provide employment opportunities, something which would come from the manufacturing sector.


“One of the biggest shortcomings of the state was that infrastructure growth had not kept pace with industrial growth. This was one of the key issues this government was working on,” he said.


Nirmala Sitharaman, union minister of state for commerce and industry, said that while Maharashtra continues to remain at the top in terms of investment, it seems to have lost some vigour over the past few years.
 

Comments

 

Other News

Flying start for UDAN, but there could be rough weather ahead

PM Narendra Modi’s yet another niftily acronymed scheme, UDAN – short for Ude ‘Desh Ka Aam Naagrik’ and otherwise called ‘Regional Connectivity Scheme’ in officialese – got off to a flying start on Thursday. Modi formally launched a flight from Shimla to Delhi, and

It’s very rare to get the right budget to do what producers want: Thota Tharrani

He accompanied his father to film studios in Chennai and helped him in designing sets, but Thota Tharrani wanted to be an artist. So he studied mural painting and print-making, but as luck would have it, he finally returned to tinsel town. And the world soon took note. In Mani Ratnam’s pa

Is the AAP headed for a split?

Is the AAP headed for a split?

Bangladesh to get high-speed diesel from Numaligarh refinery

A sale-purchase agreement was signed between Numaligarh Refinery Limited (NRL) and Bangladesh Petroleum Corporation (BPC) for supply of high speed diesel (HSD) through the proposed 131 km Indo-Bangla friendship pipeline.    The agree

Ajay Maken fails to charm Delhi

The dismal performance of the Congress in the Municipal Corporations of Delhi elections forced party chief Ajay Maken to announce his resignation, ending an energetic effort to revive the party in the national capital.   Ajay Maken, now 53, had taken over as the chief

AAP in hot water following MCD poll debacle

The BJP’s clean sweep is not just a referendum on the Arvind Kejriwal government, but also could mark the beginning of the end of one of India’s youngest political parties, the Aam Aadmi Party (AAP). After the Bharatiya Janata Party’s massive win in the UP assembly elections, th



Video

फिर शुरू होगी अयोध्या में रामलीला

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter