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

Sowing wheat earlier can help increase yields in India: US researcher

Yield gaps in wheat production in India can be countered with an earlier sowing date, says a University of Michigan researcher.   Using a new way to measure wheat yields, Meha Jain, assistant professor at the U-M School for Environment and Sustainability, found that the wheat yie

Giving birth as a Baiga

Kharpariya village, about 50 km from the headquarters town of Madhya Pradesh’s Mandla district, is like many villages in the region, home to the Baiga, deemed a particularly vulnerable tribal group (PVTG) for whom permanent contraception methods are banned to prevent extinction. However, care for p

Being the prime minister’s brother

Somabhai Modi says he remembers only one occasion when he offered his younger brother prime minister Narendra Modi advice regarding work. This, he says, was when Modi was chief minister of Gujarat. After one of his weekly grievance redressal sessions, the then chief minister had enquired after the well-b

Should ration cards not linked to Aadhaar be rendered ineligible?

Should ration cards not linked to Aadhaar be rendered ineligible?

INS Kiltan commissioned into Indian Navy

 INS Kiltan, the third anti-submarine warfare (ASW) stealth corvette built under project 28 (Kamorta class), was commissioned into the Indian Navy by defence minister Nirmala Sitharaman at the naval dockyard in Visakhapatnam.    The anti-submarine warfare stealth corvet

SAIL`s special grade steel used to build stealth corvette

Maharatna enterprise, Steel Authority of India Ltd. (SAIL) has supplied defence grade micro-alloyed grade of steel (DMR 249A) steel plates for the indigenously built anti-submarine warfare (ASW) stealth corvette INS-Kiltan commissioned into Indian Navy.    SAIL’s integ



Video

Grand Diwali celebrations in Ayodhaya on eve of diwali

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter