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 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

80 percent abortion in India through medicines: Lancet

 Three in four abortions in India are through drugs from chemists and informal vendors rather than from health facilities, said a report in The Lancet. An estimated 15.6 million abortions were performed in the country in 2015, reports The Lancet in its latest released paper on ‘Inciden

A turbulent journey so far for seaplanes in India

Prime minister Narendra Modi’s seaplane ride in Gujarat is certainly unique, but it is not as historic as it is being made out to be. Gujarat chief Minister Vijay Rupani said this is for the first time in the history of the country that a sea-plane will land on a water body and that wi

GAIL fast tracks implementation of Pradhan Mantri Urja Ganga project

 GAIL has awarded a contract for laying 520 km gas pipeline connectivity from Dobhi (Bihar) to Durgapur (West Bengal), including 120 km line to Jamshedpur (Jharkhand). With these awards, major contracts for phase two of the Jagdishpur-Haldia and Bokaro-Dhamra natural gas pipeline (JHBDPL) project have

Indane LPG refill booking through FB, Twitter launched

 IndianOil corporation (IOCL) has launched Indane LPG cylinder refill booking through social media platforms like Facebook and Twitter. Director (marketing) Gurmeet Singh emphasised on the need to leverage technology and the growing social media to provide simpler and effective options to cu

Time for India to adopt DNA forensics to solve crime

Forensic DNA has emerged as the world’s greatest crime fighting technology. Many countries are effectively using forensic labs and protocols to collect, test and compare DNA at crime scenes with that of suspects with promising results. While the law machinery the world over is increasi

Do you think sea-planes can be used to improve air connectivity?

Do you think sea-planes can be used to improve air connectivity?



Video

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter