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Make in India: Maharashtra govt announces Rs 6.11 lakh crore investments

Fadnavis, who was busy dousing fire at a Make In India cultural  event on Sunday at Chowpatty, South Mumbai, announced these investments in the presence of Nitin Gadkari, Union Minister of Roads, Transport & Highways.

twitter-logoPB Jayakumar | February 15, 2016 | Updated 16:25 IST
Maharashtra Chief Minister Devendra Fadnavis
Maharashtra Chief Minister Devendra Fadnavis

On the third day of Make In India, Maharashtra  Chief Minister Devendra Fadnavis announced Rs 6.11 lakh crore worth of investments from 2,463 MOUs in Mumbai on Monday.

Fadnavis, who was busy dousing fire at a Make In India cultural  event on Sunday at Chowpatty, South Mumbai, announced these investments in the presence of Nitin Gadkari, Union Minister of Roads, Transport & Highways.

The major companies  that announced investments are M&M,  Godrej, Sajjan Jindal Group, Mercedes-Benz, Novozymes, Uttam Galva, and K. Raheja Group. These investments are expected to generate employment for 28.2 lakh youngsters in the state.

According to the state government, M&M  has announced investment of Rs 1,500 crore in Nasik to expand its plant capacity.  Another auto major, Mercedes-Benz, has announced Rs 2,000 crore investment at its Chakan  plant to increase its vehicle manufacturing capacity from 20,000 to 80,000 vehicles.

Novozymes has promised to invest Rs 450 crore for an enzyme intermediate plan at Patalganga. In the steel sector, Uttam Galva and Posco together have proposed investment of Rs 3,750 crore  for a steel plant. Sajjan Jindal's JSW Port is investing in an LNG terminal for Rs 6,000 crore.

K. Raheja Group will invest Rs 3,750 crore in an IT Park . Godrej Industries is investing Rs 3,000 crore for expanding its plant in Kolhapur.

 

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