Maharashtra gets Rs 12.1 trillion investment commitments from 3-day summit

Posted by Daily Shipping Times on 23-02-2018        Tweet

MUMBAI: Maharashtra Chief Minister Devendra Fadnavis said the State has signed as many as 4,106 investment proposals worth Rs 12.10 trillion in the three-day global investor summit.

Besides, the State has also signed 104 proposals with the Centre worth Rs 3.90 trillion for investments in various infrastructure projects, he said.

Among the key sectors, close to 3,516 proposals worth Rs 5.48 trillion were signed for industry projects, with big names such as Reliance Industries, Virgin Group and JSW Electrical Vehicles, among others showing interest. "In these three days we have signed 4,106 memoranda of understanding (MoUs), worth Rs 12.10 trillion. The proposed investments will generate employment for 36.77 lakh," Fadnavis said at the closing day of the three-day Magnetic Maharashtra summit which inaugurated by Prime Minister Narendra Modi.

Fadnavis said backward districts in the Marathwada and Vidarbha regions are attracting a large share of these investments.