The investment will probably be announced later today in the presence of Uddhav Thackeray practically
Mumbai:
Seeking ways to revive an economy hit by the coronavirus crisis, Maharashtra is ready to sign 12 major contracts with companies around the world, including the United States, China, South Korea and Singapore, and the India later today.
According to reports, the state, which makes the highest industrial contribution to the Indian economy, has been promised an investment of Rs, 16,000 crore through these MoUs.
“The state has seen a significant increase in investment intentions from various countries. Investments represent a diversity of sectors, including engineering, automotive, food processing, ESDM, IT / ITeS and many others, “said Shiv Sena manager Priyanka Chuturvedi on Twitter. manage, where she gave information on the initiatives that would be taken within the framework of the investment program “Magnetic Maharashtra 2.0”.
12 major memoranda of understanding with companies around the world, including the United States, China, South Korea, Singapore and India, will be signed today in the presence of an honorable @CMOMaharashtra& Minister of Industries @Subhash_Desai ji. Maharashtra #MadeForBusiness
– Priyanka Chaturvedi (@ priyankac19) June 15, 2020
The investment will likely be announced later today after the unveiling of Magnetic Maharashtra 2.0 by videoconference in the presence of Chief Minister Uddhav Thackeray, Minister of Industries Subhash Desai and other world leaders, who will join us electronically .
Chaturvedi said initiatives under the program include allocating a land bank of over 40,000 acres, 48-hour approvals via the Maha Parwana road, flexible rental and pricing structures and creation of an industry employment office to match local skills and capacities with industries.
The investment reports come in the context of state industrial production which has suffered a severe blow due to the foreclosure of the coronavirus.
Although Maharashtra has reopened more than 60,000 industries that employ nearly 15 lakh people, the state, which is most affected by coronaviruses in India, is preparing to restart its commercial activities with virus prevention measures in place.
In one of his addresses earlier, Chief Minister Uddhav Thackeray had asked “sons and daughters of the soil” to come forward and take the opportunity to work for the state. The call came as thousands of migrant workers left the state due to the coronavirus pandemic, which poses a great challenge to the resumption of economic activity.
“Since migrant workers have left the state due to isolation, this is an opportunity for other Maharashtrians to come forward and make the state independent (atma-nirbhar),” said the minister. chief.
